Greatland Gold PLC (LON:GGP)

Greatland Gold PLC (LON:GGP)


Share Price
1.51 p
Change
-0.0251 (-1.63 %)
Market Cap
£50.35 m
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Greatland Gold PLC RNS Release

Grant of Options to New Appointments


RNS Number : 7305T
Greatland Gold PLC
22 March 2019
 

 

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)

Clive Latcham

10 million

  

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.

 


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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