Meridian Announces PDMR Transactions
MERIDIAN ANNOUNCES NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
LONDON, United Kingdom, 10 July, 2026 / Newsfile / Meridian Mining plc (LSE: MNO) (TSX: MNO) (FSE: N2E0) (Tradegate: N2E0) (OTCQX: MRRDF) ("Meridian" or the "Company") announces that, on 9 July 2026 it granted the following conditional share awards under the Meridian Mining Omnibus Incentive Plan (the "Omnibus Plan") to the following Directors and persons discharging managerial responsibilities ("PDMRs"). Awards take the form of restricted share units ("RSUs"), performance share units ("PSUs") or deferred share units ("DSUs"), as explained below.
Name
Role
Award type
Number of shares under award
Gilbert Clark
CEO
RSU
166,481
Gilbert Clark
CEO
PSU
332,963
David Halkyard
CFO
RSU
107,796
David Halkyard
CFO
PSU
215,593
Bruce McLeod
Chairman
DSU
66,592
Susanne Sesselmann
Non-executive director
DSU
33,296
Douglas Ford
Non-executive director
DSU
33,296
Neil Gregson
Non-executive director
DSU
33,296
Carlos Vilhena
Non-executive director
DSU
33,296
Felipe Holzhacker Alves
Non-executive director
DSU
33,296
In calculating the number of shares in the Company over which these awards have been granted, the Remuneration Committee of the Company has applied the price of CAD1.70/GBP£0.92.
Any shares that vest under the CEO's RSU or PSU which are not sold to pay tax and social security liabilities will be subject to a two-year post-vesting holding period.
RSUs
The Company's remuneration committee (the "Committee") has granted RSUs at 50% of salary for the CEO and 37.5% of salary for the CFO.
RSUs will normally vest on the third anniversary of grant conditional upon the relevant individual's continued employment and the Committee's determination that the vesting outcome appropriately reflects the Company's underlying performance and progress during the relevant vesting period.
PSUs
The Committee has granted PSUs at 100% of salary for the CEO and 75% of salary for the CFO.
PSUs will normally vest on the third anniversary of grant conditional upon the relevant individual's continued employment and the Committee's determination of performance against a combination of the following measures:
· relative total shareholder return (75%) against a bespoke peer group of similar companies based on development stage/advanced exploration copper and copper-gold focused businesses; and
· strategic/operational targets (25%).
DSUs
The Committee has granted DSUs at 50% of the relevant director's annual fee.
DSUs will normally vest in twelve equal monthly instalments conditional upon the relevant individual's continued engagement. The actual payout or settlement of a DSU is only applicable once a Director leaves the Board.
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
Donald (Bruce) McLeod
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
Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
66,592
d)
Aggregated information
N/A
- Aggregated volume
- Price
e)
Date of the transaction
9 July 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
Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
33,296
d)
Aggregated information
N/A
- Aggregated volume
- Price
e)
Date of the transaction
9 July 2026
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Douglas Ford
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
Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
33,296
d)
Aggregated information
N/A
- Aggregated volume
- Price
e)
Date of the transaction
9 July 2026
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Neil Gregson
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
Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
33,296
d)
Aggregated information
N/A
- Aggregated volume
- Price
e)
Date of the transaction
9 July 2026
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Carlos Vilhena
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
Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
33,296
d)
Aggregated information
N/A
- Aggregated volume
- Price
e)
Date of the transaction
9 July 2026
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Felipe Holzhacker Alves
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
Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
33,296
d)
Aggregated information
N/A
- Aggregated volume
- Price
e)
Date of the transaction
9 July 2026
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gilbert Clark
2
Reason for the notification
a)
Position/status
CEO
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
Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
332,963
Nil consideration
166,481
d)
Aggregated information
- Aggregated volume
499,444
- Price
N/A
e)
Date of the transaction
9 July 2026
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Halkyard
2
Reason for the notification
a)
Position/status
CFO
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
Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
107,796
Nil consideration
215,593
d)
Aggregated information
- Aggregated volume
323,389
- Price
N/A
e)
Date of the transaction
9 July 2026
f)
Place of the transaction
Outside a trading venue
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