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Schedule One Update - Greatland Gold PLC

RNS Number : 4394O

AIM

02 December 2024

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Greatland Gold plc ("Greatland" or the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):

Registered Address:

Greatland Gold plc

Salisbury House

London Wall
EC2M 5PS
United Kingdom

Trading Office:

Greatland Pty Ltd

Level 3, 502 Hay Street

Subiaco

Western Australia

6008

Australia

COUNTRY OF INCORPORATION:

England and Wales, with company number 05625107

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

https://greatlandgold.com/investors/aim-rule-26/

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Greatland has entered into an agreement with certain subsidiaries of Newmont Corporation (NYSE:NEM) ("Newmont") to acquire, subject to certain conditions being satisfied, a 70% ownership interest in the Havieron gold-copper project ("Havieron") (thus consolidating Greatland's ownership of Havieron to 100%), and 100% ownership of the Telfer gold-copper mine ("Telfer"), and other related assets and interests (together the "Target Assets") (the "Acquisition"). The Acquisition constitutes a reverse takeover under Rule 14 of the AIM Rules and accordingly an AIM admission document was published on 10 September 2024. The Acquisition is subject to a number of conditions precedent. Satisfaction of the Acquisition conditions precedent, and following that Acquisition completion and readmission of Greatland's securities to trading on AIM, is targeted in Q4 2024.

With effect from readmission of Greatland's shares to trading on AIM upon completion of the Acquisition, Greatland's business will comprise a 100% ownership interest in Telfer, an operating gold and copper mine in the Paterson Region of Western Australia, a 100% ownership interest in Havieron, a high-grade gold and copper project located 45km from Telfer in the Paterson Region, and a portfolio of exploration assets and interests in Western Australia.

Greatland's main country of operation is Australia.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

13,079,294,602 Ordinary Shares of £0.01 each

No Ordinary Shares are held in treasury

There are no restrictions on the transfer of Ordinary Shares

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

In connection with the acquisition the Company has completed an equity raising of approximately £255.3 million, comprising £248.6 million from an institutional placing (the "Placing") and £6.7 million from a retail offer conducted through PrimaryBid (the "Retail Offer"). The Placing shares and Retail Offer shares were admitted to trading on 1 October 2024.

The Company currently has 10,410,112,311 Ordinary Shares on issue. A further 2,669,182,291 Ordinary Shares are expected to be issued to Newmont on Acquisition Completion as partial consideration for the Acquisition.

Anticipated market capitalisation on readmission is approximately £944 million at the closing price on 29 November 2024 (being the last practicable date prior to the release of this announcement).

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

20.77%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

Upon readmission, the Company's shares will only be admitted to trading on AIM.

However, within approximately six months Greatland intends to undertake a listing of the Greatland group on the Australian Securities Exchange (ASX). Accordingly, the Greatland group would be dual listed on both ASX and AIM.

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Mark Bradley Barnaba (Non-Executive Chairman)

Elizabeth Anne Gaines (Non-Executive Director and Deputy Chair)

Shaun Gregory Day (Managing Director)

James 'Jimmy' John Wilson (Non-Executive Director)

Michael Alexander 'Alex' Borrelli (Non-Executive Director)

Paul Duncan Hallam (Non-Executive Director)

Clive John Latcham (Non-Executive Director)

Yasmin Broughton (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Shareholder	Percentage prior to readmission	Percentage immediately following readmission
Newmont Corporation¹	-	20.41
Wyloo Consolidated Investments Pty Ltd¹	10.62	8.45
Tembo Capital Management Limited	7.65	6.09
Firetrail Investments Pty Limited	7.11	5.66

Notes:

1. Newmont has granted an option to Wyloo to acquire up to 1,334,591,145 ordinary shares, representing 50% of the ordinary shares held by Newmont at readmission (as detailed in Part 2 (section 6) of the Company's Admission Document dated 10 September 2024)

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

i. DRA Pacific Pty Ltd

ii. Mapien Pty Ltd

iii. AFX Commodities Pty Ltd

iv. Tetra Tech Coffey Pty Ltd

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) The accounting reference date of the Company is 30 June

(ii) 31 December 2023

(iii) Half Yearly Results for the 6 months ending 31 December 2024 - by 31 March 2025

Annual Report for the year ending 30 June 2025 - by 31 December 2025

Half Yearly Results for the 6 months ending 31 December 2025 - by 31 March 2026

EXPECTED ADMISSION DATE:

4 December 2024

NAME AND ADDRESS OF NOMINATED ADVISER:

SPARK Advisory Partners Limited

5 St John's Lane

London

EC1M 4BH

NAME AND ADDRESS OF BROKER:

Canaccord Genuity Limited

88 Wood Street, London EC2V 7QR

Joh. Berenberg, Gossler & Co. KG

60 Threadneedle St, London EC2R 8HP

SI Capital Limited,

46 Bridge Street, Godalming, Surrey, GU7 1HL

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission Document contains full details about the applicant and the readmission of its securities and is available on the Company's website: https://greatlandgold.com/investors/results/

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

Corporate Governance Principles and Recommendations (4th Edition) as published by the ASX Corporate Governance Council.

DATE OF NOTIFICATION:

2 December 2024

NEW/ UPDATE:

UPDATE

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END

AIMFSSFFEELSELE

Schedule One Update - Greatland Gold PLC - Greatland Resources Limited | RNS | Ticker