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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.74 | 5.70 | 5.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -21.12M | -0.0041 | -14.02 | 292.7M |
TIDMGGP
RNS Number : 3853O
Greatland Gold PLC
18 August 2017
18 August 2017
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
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, announces the grant of 60,000,000 new options to directors and staff representing in aggregate 2.9% of the existing issued share capital of the Company.
Each option has a 6 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 at an exercise price of 0.7 pence per share. The exercise price represents a 29% premium to the 5 day VWAP of 0.544 pence as at the close of business on Thursday, 17 August 2017. All options will vest immediately upon a change of control event.
Gervaise Heddle, Chief Executive Officer, and Callum Baxter, Chief Technical Officer, will both receive 17.5 million options each, Alex Borrelli, Non-Executive Chairman, will receive 7.5 million options, Michael McNeilly, Non-Executive Director will receive 5 million options, and 12.5m options will be allocated to the Company's UK and Australian based employees.
Following the grant of options to directors, the resultant total directors' shareholdings are as follows:
Director Position Shares % of share Options Held capital Held of the Company ----------------- ----------------- ----------- ----------- ----------- Alex Borrelli Chairman 13,000,000 0.8% 46,500,000 ----------------- ----------------- ----------- ----------- ----------- Michael Non-Executive McNeilly* Director Nil 0.0% 19,000,000 ----------------- ----------------- ----------- ----------- ----------- Gervaise Chief Executive Heddle Officer 3,000,000 0.2% 70,500,000 ----------------- ----------------- ----------- ----------- ----------- Chief Technical Callum Baxter** Officer 24,572,951 1.5% 70,500,000 ----------------- ----------------- ----------- ----------- -----------
*Michael McNeilly is the Chief Executive Officer of Metal Tiger plc. Metal Tiger plc holds 87,500,000 shares of Greatland Gold plc, or 4.3% of the share capital of the Company, and holds 85,000,000 warrants that entitle the holder upon exercise to one Ordinary Share.
**Callum Baxter is the Chairman and Chief Executive Officer of Starvest plc. Starvest plc holds 85,333,333 shares of Greatland Gold plc or 4.1% of the share capital of the Company.
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) Company directors/officers: --------------------------------------- Alex Borrelli Chairman Name -------------- ----------------------- Michael Non-Executive Director McNeilly -------------- ----------------------- Gervaise Chief Executive Heddle Officer -------------- ----------------------- Callum Baxter Chief Technical Officer -------------- ----------------------- Gemma Cryan Geology Manager -------------- ----------------------- --- ------------------------------- ------------------------------------------- 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 N/A --- ------------------------------- ------------------------------------------- 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 Ordinary Shares of 0.1 financial instrument 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: 0.7 pence per Ordinary Share Volume(s) Alex Borrelli 7.5 million ------------------ ------------- Michael McNeilly 5 million ------------------ ------------- Gervaise Heddle 17.5 million ------------------ ------------- Callum Baxter 17.5 million ------------------ ------------- Gemma Cryan 5 million ------------------ ------------- --- ------------------------------- ------------------------------------------- e) Aggregated information Nil, grant of options only - Aggregated volume - Price --- ------------------------------- ------------------------------------------- f) Date of the transactions 17 August 2017 --- ------------------------------- ------------------------------------------- f) Place of the transactions Off-market --- ------------------------------- -------------------------------------------
Enquiries:
Greatland Gold PLC
Callum Baxter/Gervaise Heddle
Tel +44 (0)20 7747 9980
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Mark Brady/Sean Wyndham-Quin/James Keeshan
Tel +44 (0)20 3368 3550
SI Capital Limited (Broker)
Nick Emerson
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 is London listed (LON:GGP) natural resource exploration and development company with a current focus on gold and strategic metal exploration projects.
The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland or Greatland has the right to take 100% ownership.
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 company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
August 18, 2017 04:01 ET (08:01 GMT)
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