Notification of PDMR Transactions
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
LONDON, United Kingdom, 28 October, 2026 / RNS / Meridian Mining plc (LSE: MNO) (TSX: MNO) (FSE: N2E0) (Tradegate: N2E0) (OTCQX: MRRDF) (“Meridian” or the “Company”) announces that, on 23 October 2026 it received notification from Ms Susanne Sesselmann, Non-Executive Director of the Company, and on 26 October 2026 it received notification from Mr Gilbert Clark, Chief Executive Officer, both persons discharging managerial responsibilities ("PDMR"), that they have exercised certain options over ordinary shares of €0.01 each in the capital of the Company (the "Shares") granted to them under the Meridian Mining Omnibus Incentive Plan at an exercise price of CAD1.10 per Share (the "Options").
The Options were exercised on a cashless basis for both PDMRs. On 23 October 2026 the Company issued 136,634 new Shares to Ms Sesselmann on exercise of her 300,000 Options. On 28 October 2026, 39,015 of those Shares were sold on the Main Market of the London Stock Exchange at an average price of 101.002 pence per Share to satisfy tax liabilities resulting from the exercise. Ms Sesselmann retains the balance of 97,619 Shares.
Following the exercise of the Options and subsequent sale of Shares, Ms Sesselmann’s total holding of Shares in the Company is 234,619.
Mr Clark exercised his 300,000 Options on 26 October 2026. On 27 October 2026 the Company issued 122,581 new Shares to Mr Clark, which he retains in full. Mr Clark’s total holding of Shares in the Company following the exercise of his Options is 4,565,313.
The 259,215 new ordinary Shares rank pari passu in all respects with the existing ordinary shares of €0.01 each in the Company including the right to receive any dividend or other distribution thereafter declared, made or paid. The new Shares were issued out of the Company’s block admission of 1.6 million ordinary shares, which became effective on 6 October 2026, and are admitted to trading on the Main Market of the London Stock Exchange. The Company will include them in its next notification of admission to trading and total voting rights.
The relevant notifications set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.
On behalf of the Board of Directors of Meridian Mining plc
Mr. Gilbert Clark - CEO and Director
Meridian Mining plc
8th Floor, 4 More London Riverside
London SE1 2AU
United Kingdom
Email: info@meridianmining.co
Ph: +44 (0) 203 930 3145 (GMT)
Media Enquiries:
Gareth Tredway / Saskia Sizen
Tel: +44 (0) 207 920 3150
Email: meridianmining@tavistock.co.uk
Stay up to date by subscribing for news alerts here: https://meridianmining.co/contact/
Follow Meridian on X: https://X.com/MeridianMining
Further information can be found at: www.meridianmining.co
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Susanne Sesselmann
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Meridian Mining plc
b)
LEI
984500EB404A37FD8886
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 of EUR 0.01 each
Identification code
GB00BVPND783
b)
Nature of the transaction
Exercise of share options under the Meridian Mining Omnibus Incentive Plan on a cashless basis
c)
Price(s) and volume(s)
Price(s)
Volume(s)
CAD1.10
136,634
d)
Aggregated information
n/a
- Aggregated volume
- Price
e)
Date of the transaction
23 October 2026
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Susanne Sesselmann
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Meridian Mining plc
b)
LEI
984500EB404A37FD8886
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 of EUR 0.01 each
Identification code
GB00BVPND783
b)
Nature of the transaction
Sale of Shares to satisfy tax liabilities arising from the option exercise
c)
Price(s) and volume(s)
Price(s)
Volume(s)
101.002 pence
39,015
d)
Aggregated information
-
- Aggregated volume
- Price
e)
Date of the transaction
28 October 2026
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gilbert Clark
2
Reason for the notification
a)
Position/status
Chief Executive Officer (Director)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Meridian Mining plc
b)
LEI
984500EB404A37FD8886
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 of EUR 0.01 each
Identification code
GB00BVPND783
b)
Nature of the transaction
Exercise of share options under the Meridian Mining Omnibus Incentive Plan on a cashless basis
c)
Price(s) and volume(s)
Price(s)
Volume(s)
CAD1.10
122,581
d)
Aggregated information
-
- Aggregated volume
- Price
e)
Date of the transaction
26 October 2026
f)
Place of the transaction
Outside a trading venue
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