TIDMGGP
RNS Number : 3386O
Greatland Gold PLC
02 October 2023
Greatland Gold plc (AIM: GGP)
E: info@greatlandgold.com
W: https://greatlandgold.com
: twitter.com/greatlandgold
NEWS RELEASE | 2 October 2023
Exercise of Options and Director Dealing
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN .
Greatland Gold plc (AIM:GGP; Greatland or Company) announces the
exercise of options and partial sale of shares (to fund exercise
consideration and tax liabilities) by Non-Executive Director, Alex
Borrelli.
The Company has received binding option exercise notices in
respect of the following options (Options):
Holder Grant date Number of options Exercise price (p) Total consideration
=============== ============= ================== =================== ====================
Alex Borrelli 18 Jan 2017 14,000,000(1) 0.28 GBP39,200
=============== ============= ================== =================== ====================
Alex Borrelli 7 Sept 2018 2,500,000(1) 1.40 GBP35,000
=============== ============= ================== =================== ====================
Alex Borrelli 7 Sept 2018 2,500,000(1) 2.00 GBP50,000
=============== ============= ================== =================== ====================
Total 19,000,000 - GBP124,200
============================== ================== =================== ====================
Note: (1) Exercise period for these options was automatically
extended in accordance with the terms of their grant due to the
holder being in possession of inside information (and therefore
prevented from exercising) at the expiry date.
Following exercise of the Options, Alex Borrelli has retained
9,000,000 shares, and sold 10,000,000 shares to fund the associated
exercise costs and tax liabilities. Alex Borrelli's shareholding
has now increased to 35,403,372 shares in the Company, representing
0.70% of the total voting rights. Alex Borrelli does not hold any
further share options in the Company.
Admission of shares and total voting rights
As a result of the exercise of the Options, an application will
be made to the London Stock Exchange for 19,000,000 new fully paid
ordinary shares (New Shares) to be admitted to trading on AIM
(Admission). The New Shares will be issued conditional on
Admission. Admission is expected to occur at 8.00am on 6 October
2023.
Following Admission, the total issued share capital of the
Company will consist of 5,090,376,282 ordinary shares. As each
ordinary share carries the right to one vote, the total number of
voting rights in the Company will be 5,090,376,282. 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 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.
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Company directors/officers:
Name Alex Borrelli Non-Executive Director
-----------------------
------------------------------- ----------------------------------------------------------------------
Reason for the notification
2.
-------------------------------------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions - all classified
as PDMRs of the Company
------------------------------- ----------------------------------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ----------------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------
a) Name Greatland Gold plc
------------------------------- ----------------------------------------------------------------------
b) LEI 213800KMN7LDF4VRPQ10
------------------------------- ----------------------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4. 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 Ordinary Shares of 0.1 pence each
financial instrument
------------------------------- ----------------------------------------------------------------------
b) Identification code GB00B15XDH89
------------------------------- ----------------------------------------------------------------------
c) Nature of the transactions Exercise of Options over Ordinary Shares and
Sale of Ordinary Shares
------------------------------- ----------------------------------------------------------------------
d) Price(s) and volume(s) Alex Borrelli Date Transaction Type Amount Price
1 Oct 2023 Exercise of Options 14,000,000 0.28p
--------------------- ----------- ------
1 Oct 2023 Exercise of Options 2,500,000 1.40p
--------------------- ----------- ------
1 Oct 2023 Exercise of Options 2,500,000 2.00p
--------------------- ----------- ------
Sale of Ordinary
1 Oct 2023 Shares 10,000,000 6.35p
--------------------- ----------- ------
------------------------------- ----------------------------------------------------------------------
e) Aggregated information Transaction Type Amount Price
- Aggregated volume Exercise of Options 14,000,000 0.28p
- Price ----------- ------
Exercise of Options 2,500,000 1.40p
----------- ------
Exercise of Options 2,500,000 2.00p
----------- ------
Sale of Ordinary Shares 10,000,000 6.35p
----------- ------
------------------------------- ----------------------------------------------------------------------
f) Date of the transactions 1 October 2023
------------------------------- ----------------------------------------------------------------------
g) Place of the transactions London Stock Exchange, AIM Market (XLON)
------------------------------- ----------------------------------------------------------------------
Contact
For further information, please contact:
Greatland Gold plc
Shaun Day, Managing Director | info@greatlandgold.com
Nominated Adviser
SPARK Advisory Partners
Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368
3550
Corporate Brokers
Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550
Canaccord Genuity | James Asensio / George Grainger | +44 207
523 8000
SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341
3500
Media Relations
UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry
Gamble | +44 204 582 3500
Australia - Fivemark Partners | Michael Vaughan | +61 422 602
720
About Greatland
Greatland is a mining development and exploration company
focused primarily on precious and base metals.
The Company's flagship asset is the world-class Havieron
gold-copper project in the Paterson Province of Western Australia,
discovered by Greatland and presently under development in joint
venture with ASX gold major, Newcrest Mining Limited (which is the
subject of an agreed takeover by Newmont Corporation that is
ongoing).
Havieron is located approximately 45km east of Newcrest's
existing Telfer gold mine. The box cut and decline to the Havieron
orebody commenced in February 2021. Significant progress continues
with the exploration decline with total development at over 2,600
metres in early August 2023. Subject to a positive feasibility
study and Decision to Mine, Havieron may leverage the existing
Telfer infrastructure and processing plant.
Greatland has a proven track record of discovery and exploration
success and is pursuing the next generation of tier-one mineral
deposits by applying advanced exploration techniques in
under-explored regions. Greatland has a number of exploration
projects across Western Australia and in parallel to the
development of Havieron is focused on becoming a multi-commodity
miner of significant scale.
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