TIDMGGP
RNS Number : 0318U
Greatland Gold PLC
24 July 2020
24 July 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 sale of shares by
Gervaise Heddle, Chief Executive Officer.
The Company has received a binding option exercise notice from
Gervaise Heddle, Chief Executive Officer, for 5,000,000 options at
2.0 pence per share for a total consideration of GBP100,000. As a
result of the option conversion, 5,000,000 new ordinary shares are
expected to be admitted to trading on or around 31 July 2020
("Admission").
Following Admission, the total issued share capital of the
Company will consist of 3,779,206,631 ordinary shares. As such the
total number of voting rights in the Company will be 3,779,206,631
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 also been notified that Gervaise Heddle has sold
3,500,000 ordinary shares of 0.1 pence in the capital of the
Company ("Ordinary Shares") at a price of 14.6 pence for a total
consideration of GBP511,000 on 23 July 2020.
Following the option exercise and sale of shares, Gervaise
Heddle has an increased holding of 76,750,000 Ordinary Shares,
representing 2.0% of the issued share capital of the Company.
Additionally, he has 27,000,000 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
------------------------
------------------------------- ------------------------------------------------------------
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
23 July Exercise
2020 of Options 5,000,000 2.0p
------------- ---------- ------
S ale of
23 July Ordinary
2020 Shares 3,500,000 14.6p
------------- ---------- ------
------------------------------- ------------------------------------------------------------
e) Aggregated information Transaction Type Amount Price
- Aggregated volume Exercise of Options 5,000,000 2.0p
- Price ---------- ------
Sale of Ordinary Shares 3,500,000 14.6p
---------- ------
------------------------------- ------------------------------------------------------------
f) Date of the transactions 23 July 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 (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. 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
DSHEANXLADKEEEA
(END) Dow Jones Newswires
July 24, 2020 05:38 ET (09:38 GMT)
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