Greatland Gold PLC Director Share Purchase (6037N)
01 Febbraio 2021 - 4:06PM
UK Regulatory
TIDMGGP
RNS Number : 6037N
Greatland Gold PLC
01 February 2021
1 February 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")
Director Share Purchase
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM
listed precious and base metals exploration and development
business, has been notified that Gervaise Heddle, Chief Executive
Officer, has purchased 500,000 ordinary shares of 0.1 pence in the
capital of the Company ("Ordinary Shares") at a price of 22.4 pence
for a total consideration of GBP112,000 on 1 February 2021.
Following the purchase of shares Gervaise Heddle holds
74,500,000 Ordinary Shares, representing 1.9% of the issued share
capital of the Company.
The notification below, made in accordance with the requirements
of the EU 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) Company directors/officers:
Name Gervaise Heddle Chief Executive Officer
------------------------
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2. Reason for the notification
-----------------------------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions -
all classified as PDMRs of the Company
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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
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b) LEI 213800KMN7LDF4VRPQ10
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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 Ordinary Shares of 0.1 pence each
instrument
------------------------------- --------------------------------------------------------------
b) Identification code GB00B15XDH89
------------------------------- --------------------------------------------------------------
c) Nature of the transactions Purchase of Ordinary Shares
------------------------------- --------------------------------------------------------------
d) Price(s) and volume(s) Gervaise Heddle Date Transaction Amount Price
Type
Purchase
1 February of Ordinary
2021 Shares 500,000 22.4p
-------------- -------- ------
------------------------------- --------------------------------------------------------------
e) Aggregated information Transaction Type Amount Price
- Aggregated volume Purchase of Ordinary
- Price Shares 500,000 22.4p
-------- ------
------------------------------- --------------------------------------------------------------
f) Date of the transactions 1 February 2021
------------------------------- --------------------------------------------------------------
g) Place of the transactions London Stock Exchange, AIM Market (XLON)
------------------------------- --------------------------------------------------------------
Enquiries:
Greatland Gold PLC
Gervaise Heddle/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
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 has six
main projects; four situated in Western Australia and two in
Tasmania.
In March 2019, Greatland signed a Farm-in Agreement with
Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest
Mining Limited (ASX:NCM), to explore and develop Greatland's
Havieron gold-copper deposit in the Paterson region of Western
Australia. The Havieron Project is operated by Newcrest under a
Joint Venture Agreement with Greatland Gold plc. Newcrest can earn
up to a 70% joint venture interest through total expenditure of
US$65 million and the completion of a series of exploration and
development milestones in a four-stage farm-in over a six year
period that commenced in March 2019. Newcrest may acquire an
additional 5% interest at the end of the farm-in period at fair
market value.
The Joint Venture Agreement includes tolling principles
reflecting the intention of the parties that, subject to a
successful exploration programme and feasibility study and a
positive decision to mine, the resulting joint venture mineralised
material will be processed at Telfer , located 45km west of
Havieron.
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 also actively investigating a range of new
opportunities in precious and strategic metals and will update the
market on new opportunities as and when appropriate.
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END
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