Great Southern Copper PLC Issue of Shares and Director/PDMR Shareholdings (7668Z)
16 Januar 2024 - 8:00AM
UK Regulatory
TIDMGSCU
RNS Number : 7668Z
Great Southern Copper PLC
16 January 2024
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.
16 January 2024
Great Southern Copper plc
("GSC" or the "Company")
Issue of Shares and Director/PDMR Shareholdings
Great Southern Copper plc (LSE: GSCU), the company focused on
copper-gold and lithium exploration in Chile, announces that it has
issued new ordinary shares of 1p each ("New Ordinary Shares") to
Charles Bond, Chairman of Great Southern Copper, in accordance with
the terms of Mr. Bond's letter of appointment whereby it was agreed
his salary will be paid quarterly in ordinary shares.
The New Ordinary Shares represent the share compensation due
from 1 October 2023 to 31 December 2023. A total of 302,276 New
Ordinary Shares have been issued. The details of the issuance are
set out below:
Period Value of Number of Number of Percentage
share issuance new ordinary new ordinary of the enlarged
GBPGBP shares issued shares held ordinary
following share capital
the issuance
1/10/2023 - 31/12/2023 GBP7,817 302,276 4,263,644 1.24%
---------------- --------------- -------------- -----------------
Admission and Total Voting Rights
Application will be made for the 302,276 New Ordinary Shares,
which will rank pari passu in all respects with the existing
ordinary shares in the Company, to be admitted to the Standard List
segment of Official List and to trading on the main market of the
London Stock Exchange plc, which is expected to occur on or around
8.00 a.m. on 16 January 2024 ("Admission").
The total number of issued shares and the total number of voting
rights in the Company is 343,491,487. The above figure should be
used by shareholders in the Company 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
share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
Enquiries:
Great Southern Copper plc
Sam Garrett, Chief Executive Officer +44 (0)20 4582 3500
--------------------
SI Capital Limited
--------------------
Nick Emerson +44 (0)14 8341 3500
--------------------
Gracechurch Group
--------------------
Harry Chathli, Alexis Gore, Henry
Gamble +44 (0)20 4582 3500
--------------------
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) Name Charles Bond
-------------------------- -------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status Chairman
-------------------------- -------------------------------------------
b) Initial notification/ Initial Notification
Amendment
-------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Great Southern Copper plc
-------------------------- -------------------------------------------
b) LEI 213800RF6N9WA8PZH313
-------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 1 pence each
financial instrument,
type of instrument
Identification code GB00BLB5BF24
-------------------------- -------------------------------------------
b) Nature of the transaction Shares issued in lieu of salary
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2.5862p* 302,276
*weighted average share price from 1
October 2023 to 31 December 2023
-------------------------- -------------------------------------------
e) Date of the transaction 16 January 2024
-------------------------- -------------------------------------------
f) Place of the transaction Outside of trading venue - issued of
new ordinary shares
-------------------------- -------------------------------------------
About Great Southern Copper
Great Southern Copper PLC is a UK-listed mineral exploration
company focused on the discovery of copper-gold and lithium
deposits in Chile. The Company has the option to acquire rights to
100% of two projects in the under-explored coastal belt of Chile
that are prospective for large scale copper-gold deposits. In
addition, the Company has the option to acquire rights to 100% of a
lithium project located in the Salar de Atacama district of Chile.
Chile is a globally significant mining jurisdiction being the
world's largest copper producer and the second-largest producer of
lithium.
The two, early-stage Cu-Au projects comprise the San Lorenzo and
Especularita Projects, both located in the coastal metallogenic
belt of Chile which hosts significant copper mines and deposits,
including Teck's Carmen de Andacollo copper mine, and boasts
excellent access to infrastructure such as roads, power and ports.
Significant historical small-scale and artisanal workings for both
copper and gold are readily evident in both exploration project
areas.
The Company's Monti Lithium project is strategically located in
the pre-Andean region of Salar de Atacama which is Chile's premier
lithium-producing region with well-established lithium mining
operations and infrastructure.
Great Southern Copper is strategically positioned to support the
global market for copper and lithium - both critical battery 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 and Li
deposits as well as high-grade Cu-Au 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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