TIDMGGP

RNS Number : 5926X

Greatland Gold PLC

05 May 2021

5 May 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")

Grant of Options to Chief Executive Officer

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, as previously announced on 15 December 2020 regarding the appointment of Shaun Day as Chief Executive Officer, informs the grant of the following share options.

 
    Name          Position       Number of   Exercise     Expiry 
                                  Options      Price       Date 
              Chief Executive 
 Shaun Day         Officer       5,000,000    25.0p     4 May 2026 
             -----------------  ----------  ---------  ----------- 
 

All options entitle the holder upon exercise to one ordinary share of 0.1 pence in the capital of the Company ("Ordinary Shares"). All options have a three year vesting period and have a life of five years from grant date.

If the Employee leaves or his employment is terminated before the options vest, then those options that have not vested will lapse immediately, unless otherwise agreed by the Board. All options will vest immediately upon a change of control event. All unvested options are subject to full or partial clawback, at the Board's sole discretion, in the event that certain clawback events are triggered.

The notification below, made in accordance with the requirements of the UK version of the 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: 
                                         Shaun Day   Chief Executive Officer 
                                                    ------------------------ 
        Name 
     -------------------------------  ----------------------------------------- 
 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                   Ordinary Shares of 0.1 pence each 
       the financial instrument 
     -------------------------------  ----------------------------------------- 
 b)   Identification                   GB00B15XDH89 
       code 
     -------------------------------  ----------------------------------------- 
 c)   Nature of the transactions       Grant of options over Ordinary Shares 
     -------------------------------  ----------------------------------------- 
 d)   Price(s) and volume(s)           Price at grant: Nil 
                                        Exercise Price: 25.0 pence per Ordinary 
                                        Share 
                                        Volume(s) 
                                         Shaun Day    5 million 
     -------------------------------  ----------------------------------------- 
 e)   Aggregated information           Nil, grant of options only 
       - Aggregated volume 
       - Price 
     -------------------------------  ----------------------------------------- 
 f)   Date of the transactions         5 May 2021 
     -------------------------------  ----------------------------------------- 
 f)   Place of the transactions        Off-market 
     -------------------------------  ----------------------------------------- 
 

Enquiries:

Greatland Gold PLC

Shaun Day/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

Canaccord Genuity (Joint Corporate Broker and Financial Adviser)

James Asensio/ Patrick Dolaghan

Tel: +44 (0)20 7523 8000

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's flagship asset is the world class Havieron gold-copper deposit in the Paterson region of Western Australia. This asset is held in joint venture with Newcrest Mining Ltd. Havieron is located approximately 45km east of Newcrest's Telfer gold mine, processing plant and existing infrastructure.

Construction of the box cut and decline to develop the Havieron orebody commenced in February 2021. In addition, a substantial ongoing growth drilling programme is presently underway at Havieron which is being undertaken in conjunction with the preparation of a Pre-Feasibility Study ("PFS"). The PFS is expected to be released in late calendar 2021.

The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.

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 actively investigating a range of new opportunities in Australia for precious and strategic metals.

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END

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May 05, 2021 02:21 ET (06:21 GMT)

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