22 March 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 to New Appointments
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, announces the grant of the following performance share options to Mr Clive Latcham, Non-Executive Director, and Mr Michael Sawyer, Exploration Manager, following their recent appointments to the Company.
Director |
Position |
Number of Options |
Exercise Price |
Expiry Date |
Clive Latcham |
Non-Executive Director |
10,000,000 |
2.5p |
21 Mar 2023 |
Michael Sawyer |
Exploration Manager |
10,000,000 |
2.5p |
21 Mar 2023 |
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 |
4,250,000 |
98,500,000 |
Callum Baxter |
Chief Technical Officer |
24,572,951 |
98,500,000 |
Clive Latcham |
Non-Executive Director |
Nil |
10,000,000 |
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) |
Name |
Company directors/officers: |
Clive Latcham |
Non-Executive Director |
|
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 instrument |
Ordinary Shares of 0.1 pence each |
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)
|
e) |
Aggregated information - Aggregated volume - Price |
Nil, grant of options only |
f) |
Date of the transactions |
21 March 2019 |
f) |
Place of the transactions |
Off-market |
Enquiries:
Greatland Gold PLC
Gervaise Heddle/Callum Baxter
Tel: +44 (0)20 3709 4900
Email: [email protected]
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Mark Brady/Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
SI Capital Limited (Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Ana Ribeiro/Alexis Gore
Tel: +44 (0)20 7618 9100
Notes for Editors:
Greatland Gold plc (AIM: GGP) is a London listed natural resource exploration and development company with a current focus on gold, nickel and cobalt exploration projects.
The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.
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.
