We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Greatland Gold Plc | LSE:GGP | London | Ordinary Share | GB00B15XDH89 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.15 | -2.56% | 5.70 | 5.60 | 5.80 | 5.875 | 5.70 | 5.85 | 1,915,880 | 09:48:37 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -21.12M | -0.0041 | -14.27 | 297.79M |
TIDMGGP
RNS Number : 0787Z
Greatland Gold PLC
12 September 2022
12 September 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Greatland Gold plc
("Greatland" or "the Company")
Grant of Co-Investment Options and Share Options
PDMR dealing notifications
Greatland Gold plc (AIM:GGP), a mining development and exploration company with a focus on precious and base metals, announces the grant of co-investment options to subscribe for new ordinary shares in the Company to its proposed Directors, Mr Mark Barnaba and Ms Elizabeth Gaines, and to Mr Paul Hallam, an existing Non-Executive Director (together the "Co-Investment Options").
In addition, the Company has also granted Mr James 'Jimmy' Wilson, a newly appointed Executive Director, options to subscribe for 40,000,000 new ordinary shares in the Company under the Company's employee share scheme ("Share Options").
Further details of the Co-Investment Options
The Co-Investment Options are a one-off equity incentive package structured to align the interests of the Mr Barnaba, Ms Gaines and Mr Hallam in delivering substantial growth in shareholder value for the benefit of Greatland shareholders.
The Co-Investment Option structure has been designed to create strong and immediate alignment with shareholders to deliver substantial share price growth, with the option exercise price being set at 45 per cent above the equity placement price announced today.
The number of Co-Investment Options granted to Mr Barnaba, Ms Gaines and Mr Hallam is as follows:
Name Role Number of Proportion of shares under expanded capital option if fully exercised* Mark Barnaba Non-Executive Chairman** 100,000,000 1.79% -------------------------- -------------- --------------------- Non-Executive Director Elizabeth Gaines and Deputy Chair** 55,000,000 0.98% -------------------------- -------------- --------------------- Paul Hallam Non-Executive Director 40,000,000 0.72% -------------------------- -------------- ---------------------
(*) (Expanded capital calculated on basis of completion of Wyloo share placement and exercise of all Wyloo warrants as announced on 12 September 2022; plus the conversion of all options outlined in this announcement. The gross proceeds from the exercise of all the above Co-Investment Options is) (c.GBP23m.)
(** From 1 January 2023)
The Key Terms of the Co-Investment Options are contained in the following table:
Key Terms Exercise Period Date of issue to 31 August 2026 ------------------------------------------------------- Exercise price 11.9 pence (representing a 45 per cent premium to 8.2 pence which was the price at which equity was issued in the recent placing announced on 24 August 2022 and a 46 per cent premium to the five-day volume weighted average share price to 9 September 2022 ) ------------------------------------------------------- Vesting Vesting immediately upon granting ------------------------------------------------------- Retention The intention is that the Co-Investment Options are issued to align the interests of the individuals with that of Greatland's shareholders. To give effect to this intention, the parties agree to discuss in good faith a retention arrangement of three years in respect of the shares arising on exercise -------------------------------------------------------
Mr Wilson's 40,000,000 Share Options have been granted on substantively the same terms as the Co-Investment Options.
Related Party Opinion
As Paul Hallam and James Wilson are both existing directors, the granting of the Co-Investment Options and Share Options are considered related party transactions for the purposes of the AIM Rules. The independent directors (being the directors other than Paul Hallam and James Wilson), having consulted with SPARK Advisory Partners Limited, the Company's Nominated Adviser, consider the terms of the Co-Investment Options and Share Options to be fair and reasonable insofar as the Company's shareholders are concerned.
The PDMR dealing notifications at the end of this announcement are made in accordance with the requirements of the UK Market Abuse Regulation.
Enquiries:
Greatland Gold PLC info@greatlandgold.com Shaun Day www.greatlandgold.com SPARK Advisory Partners Limited (Nominated Adviser) Andrew Emmott/James Keeshan +44 (0)20 3368 3550 Berenberg (Joint Corporate Broker and Financial Adviser) Matthew Armitt/ Jennifer Lee/ Jack Botros +44 (0)20 3207 7800 Canaccord Genuity (Joint Corporate Broker and Financial Adviser) James Asensio/Patrick Dolaghan +44 (0)20 7523 8000 Hannam & Partners (Joint Corporate Broker and Financial Adviser) Andrew Chubb/Matt Hasson/Jay Ashfield +44 (0)20 7907 8500 SI Capital Limited (Joint Broker) Nick Emerson/Sam Lomanto +44 (0)14 8341 3500 Gracechurch Group (Media and Investor Relations) Harry Chathli/Alexis Gore/Tan Siddique +44 (0)20 3488 7510
PDMR dealing notifications
Details of the person discharging managerial responsibilities/person 1. closely associated a) Company directors/officers: Paul Hallam Non-Executive Director Name ----------------------- James Wilson Executive Director ----------------------- ------------------------------- -------------------------------------------------------------- Reason for the notification 2. ----------------------------------------------------------------------------------------------- a) Position/status See 1(a) above for all positions - all classified as PDMRs of the Company ------------------------------- -------------------------------------------------------------- b) Initial notification/Amendment Initial Notification ------------------------------- -------------------------------------------------------------- Details of the issuer, emission allowance market participant, 3. auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------------------------- a) Name Greatland Gold plc ------------------------------- -------------------------------------------------------------- b) LEI 213800KMN7LDF4VRPQ10 ------------------------------- -------------------------------------------------------------- Details of the transaction(s): section to be repeated 4. 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 Options over Ordinary Shares of 0.1p each of the financial instrument ------------------------------- -------------------------------------------------------------- b) Identification GB00B15XDH89 code ------------------------------- -------------------------------------------------------------- c) Nature of Grant of options over Ordinary Shares the transactions ------------------------------- -------------------------------------------------------------- d) Price(s) Price at grant: Nil and volume(s) Exercise Price: 11.9 pence per Ordinary Share Volume(s) Name Date Transaction Amount Price Type Paul 12 September Co-Investment 40,000,000 11.9p Hallam 2022 Options each ------------- -------------- ----------- ------ James 12 September Share Options 40,000,000 11.9p Wilson 2022 each ------------- -------------- ----------- ------ ------------------------------- -------------------------------------------------------------- e) Aggregated n/a - single transaction information - Aggregated volume - Price ------------------------------- -------------------------------------------------------------- f) Date of the 12 September 2022 transactions
------------------------------- -------------------------------------------------------------- f) Place of Outside a trading venue the transactions ------------------------------- --------------------------------------------------------------
Notes for Editors:
Greatland Gold plc (AIM:GGP) is a mining development and exploration company with a focus on precious and base metals. The Company's flagship asset is the potentially world class Havieron gold-copper deposit in the Paterson region of Western Australia, discovered by Greatland and presently under development through a joint venture with Newcrest (the "JV"). Newcrest holds a joint venture interest of 70% (30% Greatland).
Havieron is located approximately 45km east of Newcrest's Telfer gold mine and, subject to positive feasibility study and decision to mine, will leverage the existing infrastructure and processing plant to significantly reduce the project's capital expenditure and carbon impact for a low-risk and low-cost pathway to development.
Construction is well advanced and continuing with the box cut and decline to develop the Havieron deposit originally commenced in February 2021. An extensive growth drilling programme continues at Havieron with a view to further expanding the understanding and scale of the ore body.
Greatland has a proven track record of discovery and exploration success. It is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. The Company is focused on safe, low-risk jurisdictions and is strategically positioned in the highly prospective Paterson region. Greatland has a total of six projects across Australia with a focus on becoming a multi-commodity mining company of significant scale.
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 rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHGLGDCGUBDGDD
(END) Dow Jones Newswires
September 12, 2022 02:53 ET (06:53 GMT)
1 Year Greatland Gold Chart |
1 Month Greatland Gold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions