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Greatland Gold PLC - Exercise of Options and Director Dealing

RNS Number : 4767U
Greatland Gold PLC
29 July 2020
 

29 July 2020

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Greatland Gold plc

("Greatland" or "the Company")

 

Exercise of Options and Director Dealing

 

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development company, announces the exercise of options and sale of shares by Clive Latcham, Non-Executive Director.

 

The Company has received a binding option exercise notice from Clive Latcham, Non-Executive Director, for 1,250,000 options at 2.5 pence per share for a total consideration of £31,250. As a result of the option conversion, 1,250,000 new ordinary shares are expected to be admitted to trading on or around 30 July 2020 ("Admission").

 

Following Admission, the total issued share capital of the Company will consist of 3,780,456,631 ordinary shares.  As such the total number of voting rights in the Company will be 3,780,456,631 ordinary shares. 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 Company has also been notified that Clive Latcham has sold 1,250,000 ordinary shares of 0.1 pence in the capital of the Company ("Ordinary Shares") at a price of 14.268 pence for a total consideration of £178,350 on 28 July 2020.

 

Following the option exercise and sale of shares, Clive Latcham has no holding of Ordinary Shares, and retains 11,750,000 share options at various strike prices.

 

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

Exercise of Options over Ordinary Shares & Sale of Shares

d)

Price(s) and volume(s)

Clive Latcham

Date

Transaction Type

Amount

Price

29 July 2020

Exercise of Options

1,250,000

2.5p

28 July 2020

Sale of Ordinary Shares

1,250,000

14.268p

e)

Aggregated information

-     Aggregated volume

-     Price

 

Transaction Type

Amount

Price

Exercise of Options

1,250,000

2.5p

Sale of Ordinary Shares

1,250,000

14.268p

f)

Date of the transactions

28 July 2020

g)

Place of the transactions

London Stock Exchange, AIM Market (XLON)

 

 

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)

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/Alexis Gore/Joe Quinlan

Tel: +44 (0)20 7618 9100

 

 

Notes for Editors:

 

Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals. The Company has six main projects; four situated in Western Australia and two in Tasmania.

 

In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper deposit in the Paterson region of Western Australia. Newcrest has the right to earn up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65 million.

 

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.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 20

Market: AIM
Market Cap: £758.79 m
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