Greatland Gold PLC Grant of Options (7681N)
26 Settembre 2019 - 10:08AM
UK Regulatory
TIDMGGP
RNS Number : 7681N
Greatland Gold PLC
26 September 2019
26 September 2019
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Grant of Options
Greatland Gold plc (AIM:GGP), the precious and base metals
exploration and development company, announces the grant of the
following performance share options to directors and key
employees.
Grant of Options
Director Position Number Exercise Expiry Date
of Options Price
Alex Borrelli Non-Executive Nil 2.5p 25 Sep 2023
Chairman 3.0p
------------------ ------------ --------- ------------
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
------------------ ------------ --------- ------------
Clive Latcham Non-Executive 1,500,000 2.5p 25 Sep 2023
Director
1,500,000 3.0p
------------------ ------------ --------- ------------
Key Employees Various Positions 12,500,000 2.5p 25 Sep 2023
12,500,000 3.0p
------------------ ------------ --------- ------------
Each option has a 12 month vesting period and entitles the
holder upon exercise to one ordinary share of 0.1 pence in the
capital of the Company ("Ordinary Shares"). All options have a life
of three years from the vesting date. All options will vest
immediately upon a change of control event.
Following the grant of options to directors, the resultant total
directors' shareholdings are as follows:
Director Position Shares Held Options Held
Alex Borrelli Chairman 13,000,000 51,500,000
------------------------- ------------ -------------
Gervaise Heddle Chief Executive Officer 25,750,000 91,500,000
------------------------- ------------ -------------
Callum Baxter Chief Technical Officer 77,572,951 63,500,000
------------------------- ------------ -------------
Clive Latcham Non-Executive Director Nil 13,000,000
------------------------- ------------ -------------
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:
Alex Borrelli Chairman
------------------------
Name Gervaise Heddle Chief Executive Officer
------------------------
Callum Baxter Chief Technical Officer
------------------------
Clive Latcham Non-Executive Director
------------------------
Mick Sawyer Exploration Manager
------------------------
------------------------------- --------------------------------------------
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 Grant 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) Alex Borrelli Nil
Gervaise Heddle 9 million
------------
Callum Baxter 9 million
------------
Clive Latcham 1.5 million
------------
Mick Sawyer 3 million
------------
Price at grant: Nil
Exercise Price: 3.0 pence per Ordinary
Share
Volume(s) Alex Borrelli Nil
Gervaise Heddle 9 million
------------
Callum Baxter 9 million
------------
Clive Latcham 1.5 million
------------
Mick Sawyer 3 million
------------
------------------------------- --------------------------------------------
e) Aggregated information Nil, grant of options only
- Aggregated volume
- Price
------------------------------- --------------------------------------------
f) Date of the transactions 26 September 2019
------------------------------- --------------------------------------------
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)
Matthew Hasson/John Prior/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-listed (LON:GGP) natural resource
exploration and development company with a current focus on gold,
copper and nickel exploration projects.
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 project in the Paterson region of Western
Australia. Newcrest has the right to acquire up to a 70% interest
in a 12-block area within E45/4701 that covers the Havieron target
by spending up to US$65m.
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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September 26, 2019 04:08 ET (08:08 GMT)
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