TIDMGGP
RNS Number : 1390Q
Greatland Gold PLC
16 June 2020
16 June 2020
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Exercise of Options and Director Dealing
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM
listed precious and base metals exploration and development
company, announces the exercise of options and the sale of shares
by directors.
The Company has received binding option exercise notices from
directors for 31,500,000 options at various exercise prices
(detailed below) for a total amount of GBP318,500.
Director Position Number Exercise Consideration Shares
of Options Price to be issued
Chief Executive
Gervaise Heddle Officer 14,000,000 1.4p GBP196,000 14,000,000
----------------- ------------ --------- -------------- --------------
Chief Technical
Callum Baxter Officer 1 7,500,000 0.7p GBP122,500 1 7,500,000
----------------- ------------ --------- -------------- --------------
As a result of the option conversions, 31,500,000 new ordinary
shares are expected to be admitted to trading on or around 23 June
2020 ("Admission").
Following Admission, the total issued share capital of the
Company will consist of 3,736,303,929 ordinary shares. As such the
total number of voting rights in the Company will be 3,736,303,929
ordinary shares. 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.
The Company has been notified that Gervaise Heddle has sold
5,000,000 ordinary shares of 0.1 pence in the capital of the
Company ("Ordinary Shares") at a price of 12.1885 pence for a total
consideration of GBP609,425 on 15 June 2020. Following the option
exercise and sale of shares, Gervaise Heddle has an increased
holding of 77,750,000 Ordinary Shares, representing 2.1% of the
issued share capital of the Company. Following the exercise and
sale, he has 32,000,000 remaining share options at various strike
prices.
The Company has been notified that Callum Baxter has sold
4,250,000 ordinary shares of 0.1 pence in the capital of the
Company ("Ordinary Shares") at a price of 12.0364 pence for a total
consideration of GBP511,548 on 15 June 2020. Following the option
exercise and sale of shares, Callum Baxter has an increased holding
of 90,822,951 Ordinary Shares, representing 2.4% of the issued
share capital of the Company. Following the exercise and sale, he
has 46,000,000 remaining share options at various strike
prices.
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
Callum Baxter Chief Technical Officer
------------------------
------------------------------- -------------------------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions -
all 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 Ordinary Shares of 0.1 pence each
instrument
------------------------------- -------------------------------------------------------------
b) Identification code GB00B15XDH89
------------------------------- -------------------------------------------------------------
c) Nature of the transactions Exercise of Options over Ordinary Shares
& Sale of Shares
------------------------------- -------------------------------------------------------------
d) Price(s) and volume(s) Gervaise Heddle Date Transaction Amount Price
Type
15 June Exercise
2020 of Options 14,000,000 1.4p
------------- ----------- ---------
15 June S ale of 5,000,000 12 .1885
2020 Ordinary p
Shares
------------- ----------- ---------
Callum Baxter Date Transaction Amount Price
Type
15 June Exercise
2020 of Options 17,500,000 0.7p
------------- ----------- ---------
15 June S ale of 4,250,000 12 .0364
2020 Ordinary p
Shares
------------- ----------- ---------
------------------------------- -------------------------------------------------------------
e) Aggregated information Transaction Type Amount Price
- Aggregated volume Exercise of Options 14,000,000 1.4p
- Price ----------- ---------
Exercise of Options 17,500,000 0.7p
----------- ---------
Sale of Ordinary
Shares 5,000,000 12.1885p
----------- ---------
Sale of Ordinary
Shares 4,250,000 12.0364p
----------- ---------
------------------------------- -------------------------------------------------------------
f) Date of the transactions 15 June 2020
------------------------------- -------------------------------------------------------------
f) 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
SI Capital Limited (Joint Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Numis Securities Limited (Joint Broker)
John Prior/Paul Gillam/Alamgir Ahmed
Tel: +44 (0)20 7260 1000
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. All projects are 100% owned by
Greatland.
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. Newcrest has the right to earn up to a 70% interest in a
12-block area within E45/4701 that covers the Havieron target by
spending up to US$65 million.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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June 16, 2020 08:57 ET (12:57 GMT)
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