Greatland Gold PLC Extension of Vesting Period of Director Options (9832S)
14 Luglio 2020 - 3:19PM
UK Regulatory
TIDMGGP
RNS Number : 9832S
Greatland Gold PLC
14 July 2020
14 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")
Extension of Vesting Period of Director Options
Greatland Gold plc (AIM:GGP), the precious and base metals
exploration and development company, announces that the Company and
executive directors Gervaise Heddle and Callum Baxter have agreed
to extend the vesting period for options granted to both executive
directors on 26 September 2019 by approximately nine months.
On 26 September 2019, the following options were granted to
Gervaise Heddle, Chief Executive Officer, and Callum Baxter, Chief
Technical Officer:
Director Position Number Exercise Expiry Date
of Options Price
Gervaise Heddle Chief Executive 9,000,000 2.5p 25 Sep 2023
Officer
9,000,000 3.0p
---------------- ------------ --------- ------------
Callum Baxter Chief Technical 9,000,000 2.5p 25 Sep 2023
Officer
9,000,000 3.0p
---------------- ------------ --------- ------------
The Company and both executive directors have agreed to extended
the vesting date for the options listed above from 25 September
2020 to 5 July 2021. All other terms of the options including the
expiry date remain unchanged.
The amendment of the terms of the share options is a related
party transaction under the AIM Rules. The independent directors,
being all of the directors other than Gervaise Heddle and Callum
Baxter, consider, having consulted with SPARK Advisory Partners
Limited, the Company's nominated adviser, that the amendments to
the terms of the share options are fair and reasonable insofar as
shareholders are concerned.
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.
Extension of vesting period of options over Ordinary Shares
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 Extension of vesting period of
options over Ordinary Shares
------------------------------- --------------------------------------------
d) Price(s) and volume(s) Price at grant: Nil
Exercise Price: 2.5 pence per Ordinary
Share
Volume(s) Gervaise Heddle 9 million
Callum Baxter 9 million
----------
Price at grant: Nil
Exercise Price: 3.0 pence per Ordinary
Share
Volume(s) Gervaise Heddle 9 million
Callum Baxter 9 million
----------
------------------------------- --------------------------------------------
e) Aggregated information Nil, extension of vesting period
- Aggregated volume of options only
- Price
------------------------------- --------------------------------------------
f) Date of the transactions 14 July 2020
------------------------------- --------------------------------------------
f) Place of the transactions Off-market
------------------------------- --------------------------------------------
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.
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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