Greatland Gold PLC Grant of Options (3853O)
August 18 2017 - 4:01AM
UK Regulatory
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
DSHLIFEDTAITLID
(END) Dow Jones Newswires
August 18, 2017 04:01 ET (08:01 GMT)
Greatland Gold (LSE:GGP)
Historical Stock Chart
From Apr 2024 to May 2024
Greatland Gold (LSE:GGP)
Historical Stock Chart
From May 2023 to May 2024