REG - Greatland Gold PLC - Surrender of options, share issue, PDMR dealings

Greatland GoldAnnouncement

19/05/2025 07:00

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RNS Number : 1160J  Greatland Gold PLC  19 May 2025

Greatland Gold plc (AIM: GGP)

E: info@greatlandgold.com

W: https://greatlandgold.com

: twitter.com/greatlandgold

 

 

NEWS RELEASE | 19 May 2025

 

 

Surrender of options, issue of shares, PDMR dealings and total voting rights

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
MARKET ABUSE REGULATIONS.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE
PUBLIC DOMAIN.

 

Further to its announcement on 22 April 2025, Greatland Gold plc (AIM:GGP)
(Greatland or the Company), announces that it has cancelled an aggregate of
327,700,000 options over ordinary shares in the Company (Ordinary Shares) held
by certain Directors and persons discharging managerial responsibility (PDMRs)
and a further 170,000,000 options over Ordinary Shares held by a number of
other senior employees, in each case for a consideration of 6.64 pence per
option.

 

As announced on 22 April 2025, those Directors, PDMRs and employees have
agreed to reinvest 50% of the consideration payable to them to subscribe for
new Ordinary Shares at a price per share of 11.87 pence, being the 1 day VWAP
of an Ordinary Share on AIM on 16 May 2025. 139,248,894 new fully
paid ordinary shares (New Ordinary Shares) are being subscribed for in
aggregate and application has been made to the London Stock
Exchange for 139,248,894 New Ordinary Shares to be admitted to trading on
AIM (Admission). Admission is expected to occur at 8.00am on 20 May 2025.

 

The number of New Ordinary Shares being subscribed for by the relevant
Directors and Persons Discharging Managerial Responsibilities and their
resulting interests are as follows:

 

 Name              Number of Options and Performance Share Rights cancelled  Resulting number of Options and Performance Share Rights  Total consideration  New Ordinary Shares being subscribed for  Subscription  Number of Ordinary Shares held following the subscription
 Directors
 Mark Barnaba      100,000,000                                               nil                                                       £6,640,000           27,978,479                                £3,320,000    29,567,782
 Elizabeth Gaines  55,000,000                                                nil                                                       £3,652,000           15,388,164                                £1,826,000    16,447,699
 Shaun Day         72,700,000                                                44,574,065                                                £4,827,280           20,340,355                                £2,413,640    23,018,658
 Paul Hallam       40,000,000                                                nil                                                       £2,656,000           11,191,392                                £1,328,000    11,986,043
 Jimmy Wilson      40,000,000                                                nil                                                       £2,656,000           11,191,392                                £1,328,000    11,986,043
 PDMR
 Monique Connolly  20,000,000                                                8,709,808                                                 £1,328,000           5,595,696                                 £664,000      5,595,696
 Total             327,700,000                                               53,283,873                                                £21,759,280          91,685,478                                £10,879,640   98,601,921

 

Additionally, employees have surrendered for cancellation a further
170,000,000 options for total consideration of £11,288,000, of which
£5,644,000 has been reinvested to subscribe for 47,563,415 New Ordinary
Shares.

 

The New Ordinary Shares issued to each holder (and the ordinary shares in
Greatland Resources Limited to be issued in exchange for those New Ordinary
Shares under the scheme of arrangement approved by shareholders on 12 May
2025) will be subject to a lock-in for a period of 12 months following the
date of issue of the New Ordinary Shares, subject to limited market standard
exceptions for lock-ins.

 

Admission of shares and total voting rights

 

The total issued share capital of the Company consists of 13,218,543,496
Ordinary Shares.  As each Ordinary Share carries the right to one vote, the
total number of voting rights in the Company will be 13,218,543,496.  No
Ordinary Shares are held in treasury.

 

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.

 

Contact

 

For further information, please contact:

 

Greatland Gold plc

Shaun Day, Managing Director | Rowan Krasnoff, Chief Development Officer
info@greatlandgold.com (mailto:info@greatlandgold.com)

 

Nominated Advisor

SPARK Advisory Partners

Andrew Emmott / James Keeshan / Neil Baldwin  |  +44 203 368 3550

 

Corporate Brokers

Canaccord Genuity  |  James Asensio / George Grainger  |  +44 207 523 8000

SI Capital Limited  |  Nick Emerson / Sam Lomanto  |  +44 148 341 3500

 

Media Relations

Australia - Fivemark Partners  |  Michael Vaughan  |  +61 422 602 720

UK - Gracechurch Group  | Harry Chathli / Alexis Gore / Henry Gamble  |
+44 204 582 3500

 

About Greatland

 

Greatland is a gold and copper mining company listed on the London Stock
Exchange's AIM Market (LSE:GGP) and operates its business from Western
Australia.

 

The Greatland portfolio includes the 100% owned Telfer gold-copper mine, the
adjacent 100% owned world class Havieron gold-copper project (under
development), and a significant exploration portfolio within the surrounding
region. The combination of Telfer and Havieron provides for a substantial and
long life gold-copper operation in the Paterson Province of Western Australia.

 

The group is targeting a cross listing on the ASX and AIM in the June quarter
2025.

PDMR dealing notifications

The following notifications are provided in accordance with the requirements
of the UK Market Abuse Regulation.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Company directors/officers:
                                                                  1.   Mark Barnaba         Chairman

                                                                  2.   Elizabeth Gaines     Non-Executive Director

                                                                  3.   Paul Hallam          Non-Executive Director

                                                                  4.   James Wilson         Non-Executive Director

                                                                  5.   Shaun Day            Managing Director

                                                                  6.   Monique Connolly     Chief Financial Officer
 2   Reason for the notification
 a)  Position/status                                              See 1(a) above for all positions - 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, type of instrument  Ordinary Shares

     Identification code

                                                                  GB00B15XDH89
 b)  Nature of the transaction                                    Subscription for Ordinary Shares
 c)  Price(s) and volume(s)                                       Subscription price of 11.87 pence per Ordinary Share

 Number of Ordinary Shares subscribed for
                                                                  1.   Mark Barnaba         27,978,479

                                                                  2.   Elizabeth Gaines     15,388,164

                                                                  3.   Paul Hallam          11,191,392

                                                                  4.   James Wilson         11,191,392

                                                                  5.   Shaun Day            20,340,355

                                                                  6.   Monique Connolly     5,595,696
 d)  Aggregated information                                       n/a - single transaction

     Volume Price
 e)  Date of the transaction                                      19 May 2025
 f)  Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See 1(a) above for all positions - 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, type of instrument

Identification code

Ordinary Shares

 

GB00B15XDH89

b)

Nature of the transaction

Subscription for Ordinary Shares

c)

Price(s) and volume(s)

Subscription price of 11.87 pence per Ordinary Share

  Number of Ordinary Shares subscribed for
 1.   Mark Barnaba         27,978,479

 2.   Elizabeth Gaines     15,388,164

 3.   Paul Hallam          11,191,392

 4.   James Wilson         11,191,392

 5.   Shaun Day            20,340,355

 6.   Monique Connolly     5,595,696

d)

Aggregated information

Volume Price

n/a - single transaction

e)

Date of the transaction

19 May 2025

f)

Place of the transaction

Outside a trading venue

 

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Company directors/officers:
                                                                  1.   Mark Barnaba         Chairman

                                                                  2.   Elizabeth Gaines     Non-Executive Director

                                                                  3.   Paul Hallam          Non-Executive Director

                                                                  4.   James Wilson         Non-Executive Director

                                                                  5.   Shaun Day            Managing Director

                                                                  6.   Monique Connolly     Chief Financial Officer
 2   Reason for the notification
 a)  Position/status                                              See 1(a) above for all positions - 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, type of instrument  Options over Ordinary Shares

     Identification code

                                                                  GB00B15XDH89
 b)  Nature of the transaction                                    Surrender of Options over Ordinary Shares
 c)  Price(s) and volume(s)                                       6.64 pence per option surrendered.

 Number of Options Surrendered
                                                                  1.   Mark Barnaba         100,000,000

                                                                  2.   Elizabeth Gaines     55,000,000

                                                                  3.   Paul Hallam          40,000,000

                                                                  4.   James Wilson         40,000,000

                                                                  5.   Shaun Day            72,700,000

                                                                  6.   Monique Connolly     20,000,000
 d)  Aggregated information                                       n/a - single transaction

     Volume Price
 e)  Date of the transaction                                      19 May 2025
 f)  Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See 1(a) above for all positions - 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, type of instrument

Identification code

Options over Ordinary Shares

 

GB00B15XDH89

b)

Nature of the transaction

Surrender of Options over Ordinary Shares

c)

Price(s) and volume(s)

6.64 pence per option surrendered.

  Number of Options Surrendered
 1.   Mark Barnaba         100,000,000

 2.   Elizabeth Gaines     55,000,000

 3.   Paul Hallam          40,000,000

 4.   James Wilson         40,000,000

 5.   Shaun Day            72,700,000

 6.   Monique Connolly     20,000,000

d)

Aggregated information

Volume Price

n/a - single transaction

e)

Date of the transaction

19 May 2025

f)

Place of the transaction

Outside a trading venue

 

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