TIDMGSCU
RNS Number : 8980O
Great Southern Copper PLC
06 October 2023
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 AMED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO
BE IN THE PUBLIC DOMAIN.
06 October 2023
Great Southern Copper plc
("GSC" or the "Company")
Conditional Grant of Share Options
Great Southern Copper plc (LSE: GSCU), the company focused on
copper-gold and lithium exploration in Chile, announces that
pursuant to its Share Option Plan 2023 ("2023 SOP"), as approved at
the Company's Annual General Meeting, the Board has approved the
conditional grant of 22.5 million share options priced at 1p to
Directors and employees of the Company. The share options have been
granted on the recommendation of the Remuneration Committee and are
subject to the publication of a prospectus approved by the
Financial Conduct Authority.
The share options have been conditionally granted as
follows:
Name Role Number of options Exercise price Total options
granted held post issue
Charles Bond Chairman 2,500,000 1p 3,763,194
---------------- ----------------- -------------- ----------------
Chief Executive
Sam Garrett Officer 8,000,000 1p 10,021,111
---------------- ----------------- -------------- ----------------
Chief Financial
Martin Page Officer 5,000,000 1p 5,000,000
---------------- ----------------- -------------- ----------------
Non-executive
Nicholas Briers Director 1,500,000 1p 2,257,917
---------------- ----------------- -------------- ----------------
Non-executive
Stuart Greene Director 1,500,000 1p 2,257,917
---------------- ----------------- -------------- ----------------
Country Manager
Employees and geologists 4,000,000 1p 6,101,956
---------------- ----------------- -------------- ----------------
Conditional upon continuing employment with the Company, the
options will vest in equal tranches over three years from grant:
one third after 12 months, one third after 24 months and one third
after 36 months. There are no other vesting conditions.
Following this award, and once the grant of these new options
becomes unconditional, assuming no other share issuance other than
the issue of 41,749,995 Ordinary 1p shares to be issued on the
conversion of the Convertible Loan as announced in the fundraising
announcement of 15 May 2023, the Company will have 29,402,094 share
options in issue under the existing share option schemes,
representing 9.9% of the existing issued share capital of the
Company.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Charles Bond
----------------------------- -----------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chairman
----------------------------- -----------------------------------------
b) Initial notification/ Initial Notification
Amendment
----------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Great Southern Copper plc
----------------------------- -----------------------------------------
b) LEI 213800RF6N9WA8PZH313
----------------------------- -----------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
GB00BLB5BF24
Identification code
----------------------------- -----------------------------------------
b) Nature of the transaction Award of option to purchase ordinary
shares of the Company. Following the
transaction, Mr Bond holds 3,763,194
options to purchase ordinary shares.
----------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 2,500,000
----------
----------------------------- -----------------------------------------
Aggregated information
Aggregated volume
d) * Price 1p
----------------------------- -----------------------------------------
e) Date of the transaction 5 October 2023
Note: the Company is not considered
in a close period at the time of this
transaction.
----------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Sam Garrett
---------------------------- ------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------------- ------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Great Southern Copper plc
---------------------------- ------------------------------------------
b) LEI 213800RF6N9WA8PZH31
---------------------------- ------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
GB00BLB5BF24
Identification code
---------------------------- ------------------------------------------
b) Nature of the transaction Award of option to purchase ordinary
shares of the Company. Following the
transaction, Mr Garrett holds 10,021,111
options to purchase ordinary shares.
---------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 8,000,000
----------
---------------------------- ------------------------------------------
Aggregated information
Aggregated volume
d) * Price 1p
---------------------------- ------------------------------------------
e) Date of the transaction 5 October 2023
Note: the Company is not considered
in a close period at the time of this
transaction.
---------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Martin Page
----------------------------- -----------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Financial Officer
----------------------------- -----------------------------------------
b) Initial notification/ Initial Notification
Amendment
----------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Great Southern Copper plc
----------------------------- -----------------------------------------
b) LEI 213800RF6N9WA8PZH31
----------------------------- -----------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
GB00BLB5BF24
Identification code
----------------------------- -----------------------------------------
b) Nature of the transaction Award of option to purchase ordinary
shares of the Company. Following the
transaction, Mr Page holds 5,000,000
options to purchase ordinary shares.
----------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 5,000,000
----------
----------------------------- -----------------------------------------
Aggregated information
Aggregated volume
d) * Price 1p
----------------------------- -----------------------------------------
e) Date of the transaction 5 October 2023
Note: the Company is not considered
in a close period at the time of this
transaction.
----------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Nicholas Briers
----------------------------- -----------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Non-executive Director
----------------------------- -----------------------------------------
b) Initial notification/ Initial Notification
Amendment
----------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Great Southern Copper plc
----------------------------- -----------------------------------------
b) LEI 213800RF6N9WA8PZH31
----------------------------- -----------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
GB00BLB5BF24
Identification code
----------------------------- -----------------------------------------
b) Nature of the transaction Award of option to purchase ordinary
shares of the Company. Following the
transaction, Mr Briers holds 2,257,917
options to purchase ordinary shares.
----------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 1,500,000
----------
----------------------------- -----------------------------------------
Aggregated information
Aggregated volume
d) * Price 1p
----------------------------- -----------------------------------------
e) Date of the transaction 5 October 2023
Note: the Company is not considered
in a close period at the time of this
transaction.
----------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Stuart Greene
----------------------------- -----------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Non-executive Director
----------------------------- -----------------------------------------
b) Initial notification/ Initial Notification
Amendment
----------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Great Southern Copper plc
----------------------------- -----------------------------------------
b) LEI 213800RF6N9WA8PZH31
----------------------------- -----------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
GB00BLB5BF24
Identification code
----------------------------- -----------------------------------------
b) Nature of the transaction Award of option to purchase ordinary
shares of the Company. Following the
transaction, Mr Greene holds 2,257,917
options to purchase ordinary shares.
----------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 1,500,000
----------
----------------------------- -----------------------------------------
Aggregated information
Aggregated volume
d) * Price 1p
----------------------------- -----------------------------------------
e) Date of the transaction 5 October 2023
Note: the Company is not considered
in a close period at the time of this
transaction.
----------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- -----------------------------------------
Contact Details:
Great Southern Copper plc
Sam Garrett, Chief Executive Officer +44 (0) 20 4582 3500
---------------------
SI Capital Limited
---------------------
Nick Emerson +44 (0) 1483 413500
---------------------
Gracechurch Group
---------------------
Harry Chathli, Alexis Gore, Henry
Gamble +44 (0) 20 4582 3500
---------------------
Notes for Editors:
About Great Southern Copper
Great Southern Copper is a mineral exploration company focused
on copper-gold and lithium deposits in Chile. The Company has the
option to acquire rights to 100% of three projects that are
prospective for large scale copper-gold deposits and lithium brine
deposits. Chile is a globally significant mining jurisdiction being
recognised as the world's largest copper producer and the second
largest producer of lithium.
The three projects comprise the San Lorenzo and Especularita
Cu-Au Projects, located in the central north of Chile, and the
Monti Lithium Project located in the Salar de Atacama. The two
early-stage Cu-Au exploration projects are within the same coastal
metallogenic belt as other major deposits including Teck's
Andacollo copper and gold mine. Significant historical smallscale
and artisanal workings for both copper and gold are readily evident
in both exploration project areas.
Great Southern Copper is strategically positioned to support the
global market for copper and lihium, both key metals in the clean
energy transition around the world. The Company is actively engaged
in exploration and evaluation work programmes targeting both large
tonnage, low to medium grade Cu-Au deposits as well as lithium
brine and lithium clay-hosted deposits.
Further information on the Company is available on the Company's
website: https://gscplc.com
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END
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