![]() Gracechurch Group (Media and Investor Relations)ĭetails of the person discharging managerial responsibilities/person closely associated ![]() Hannam & Partners (Joint Corporate Broker and Financial Adviser) Matthew Armitt/ Jennifer Lee/ Jack BotrosĬanaccord Genuity (Joint Corporate Broker and Financial Adviser) Shaun Advisory Partners Limited (Nominated Adviser)īerenberg (Joint Corporate Broker and Financial Adviser) The PDMR dealing notifications at the end of this announcement are made in accordance with the requirements of the UK Market Abuse Regulation. 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. Mr Wilson's 40,000,000 Share Options have been granted on substantively the same terms as the Co-Investment Options.Īs 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 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 The Key Terms of the Co-Investment Options are contained in the following table:ġ1.9 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 ) The gross proceeds from the exercise of all the above Co-Investment Options is c.£23m. Tek syndicate game deals plus#* 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. Non-Executive Director and Deputy Chair** Proportion of expanded capital if fully exercised* The number of Co-Investment Options granted to Mr Barnaba, Ms Gaines and Mr Hallam is as follows: 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 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. 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").įurther details of the Co-Investment Options 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"). ![]() Grant of Co-Investment Options and Share Options ![]() ![]() Greatland Gold plc ("Greatland" or "the Company") ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. ![]()
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