Surrender of options, share issue, PDMR dealings
19/05/2025 07:00
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 |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name |
| ||||||
| 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
| ||||||
| 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 |
| ||||
| 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.
| ||||
| 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 | ||||