REG - Greatland Gold PLC - Exercise of Options

Greatland GoldAnnouncement

03/06/2021 07:40

RNS Number : 6501A
  
Greatland Gold PLC
  
03 June 2021
  
 

 
 
3 June 2021
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
 
Greatland Gold plc
("Greatland" or "the Company")
 
Exercise of Options 
 
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, announces the exercise of options by Callum Baxter, Chief Technical Officer. 
 
The Company has received a binding option exercise notice from Callum Baxter, Chief Technical Officer, for 14,000,000 options at 2.0 pence per share for a total consideration of £280,000. As a result of the option conversions, 14,000,000 new ordinary shares are expected to be admitted to trading on or around 10 June 2021 ("Admission").
 
Following the exercise of options, Callum Baxter holds 113,572,951 Ordinary Shares, representing 2.9% of the issued share capital of the Company. Additionally, Callum now holds 18,000,000 remaining options in the Company at various strike prices. 
 
Total Voting Rights
 
Following Admission the total issued share capital of the Company will consist of 3,946,729,602 ordinary shares.  As such the total number of voting rights in the Company will be 3,946,729,602 ordinary shares.  This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
 
The notification below, made in accordance with the requirements of the UK version of the Market Abuse Regulation, provides further detail.
 




Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
 



1.


Details of the person discharging managerial responsibilities/person closely associated




a)


 
 
 
Name
 
 
 





Company directors/officers:




Callum Baxter


Chief Technical Officer








2.


Reason for the notification




a)


Position/status


See 1(a) above for all positions - all classified as PDMRs of the Company




b)


Initial notification/Amendment


Initial Notification




3.


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Greatland Gold plc




b)


LEI


213800KMN7LDF4VRPQ10




4.


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a)


Description of the financial instrument


Ordinary Shares of 0.1 pence each




b)


Identification code


GB00B15XDH89




c)


Nature of the transactions


Exercise of options over Ordinary Shares




d)


Price(s) and volume(s)


 



Date


Transaction Type


Amount


Price




3 June 2021


Exercise of Options


14,000,000


2.0p








e)


Aggregated information
-     Aggregated volume
-     Price


 



Transaction Type


Amount


Price




Exercise of Options


14,000,000


2.0p








f)


Date of the transactions


3 June 2021




f)


Place of the transactions


Off-market



 
 
Enquiries:
 
Greatland Gold PLC
Shaun Day/Callum Baxter
Tel: +44 (0)20 3709 4900
Email:  info@greatlandgold.com
www.greatlandgold.com
 
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
 
Berenberg (Joint Corporate Broker and Financial Adviser)
Matthew Armitt/Jennifer Wyllie/Detlir Elezi
Tel: +44 (0)20 3207 7800
 
Canaccord Genuity (Joint Corporate Broker and Financial Adviser)
James Asensio/Patrick Dolaghan
Tel: +44 (0)20 7523 8000
 
Hannam & Partners (Joint Corporate Broker and Financial Adviser)
Andrew Chubb/Matt Hasson/Jay Ashfield
Tel: +44 (0)20 7907 8500
 
SI Capital Limited (Joint Broker)
Nick Emerson/Alan Gunn
Tel:  +44 (0)14 8341 3500
 
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan
Tel: +44 (0)20 7618 9100
 
 
Notes for Editors:
 
Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals.
 
The Company's flagship asset is the world class Havieron gold-copper deposit in the Paterson region of Western Australia. This asset is held in joint venture with Newcrest Mining Ltd. Havieron is located approximately 45km east of Newcrest's Telfer gold mine, processing plant and existing infrastructure.
 
Construction of the box cut and decline to develop the Havieron orebody commenced in February 2021. In addition, a substantial ongoing growth drilling programme is presently underway at Havieron which is being undertaken in conjunction with the preparation of a Pre-Feasibility Study ("PFS"). The PFS is expected to be released in late calendar 2021.
 
The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.
 
Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.
 
The Company is actively investigating a range of new opportunities in Australia for precious and strategic metals.

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