Greatland Gold PLC Grant of Options to Chief Executive Officer (5926X)
05 Maggio 2021 - 8:21AM
UK Regulatory
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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