{"id":122681,"title":"Greatland Gold PLC (AIM:GGP) Surrender of options, share issue, PDMR dealings","publisher":"Share Talk","author":"sharetalk","published":"2025-05-19T09:04:36+00:00","modified":"2025-05-19T09:07:08+00:00","canonical_url":"https://www.share-talk.com/greatland-gold-plc-aimggp-surrender-of-options-share-issue-pdmr-dealings/","markdown_url":"https://www.share-talk.com/greatland-gold-plc-aimggp-surrender-of-options-share-issue-pdmr-dealings.md","json_url":"https://www.share-talk.com/greatland-gold-plc-aimggp-surrender-of-options-share-issue-pdmr-dealings.json","category":"Mining","categories":["Mining"],"tags":["Artemis Resources","Australia","AVR","Bromus","Cobalt","COPPER","electromagnetic","Ernest","ERNESTGILES","Exploration","Firetower","GGP","Gold","Greatland Gold","GUN","Gunsynd","Havieron","Mining","Newcrest","Nickel","Panorama","Paterson","Pilbara","Scallywag","Share Talk","Shaun Day","Telfer","URANIUM","Warrentinna"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/05/GrStxQpWcAA4Mj5.webp?fit=1200%2C570&quality=80&ssl=1","format":"news","language":"en-GB","content":"Further to its announcement on [22 April 2025](https://www.share-talk.com/greatland-gold-plc-aimggp-surrender-of-director-and-employee-share-options/), **Greatland Gold plc (AIM: GGP)**, announces that it has cancelled an aggregate of 327,700,000 options over ordinary shares in the Company (Ordinary Shares) held by certain Directors and persons discharging managerial responsibility (PDMRs) and a further 170,000,000 options over Ordinary Shares held by a number of other senior employees, in each case for a consideration of 6.64 pence per option. \n\nAs announced on 22 April 2025, those Directors, PDMRs and employees have agreed to reinvest 50% of the consideration payable to them to subscribe for new Ordinary Shares at a price per share of 11.87 pence, being the 1 day VWAP of an Ordinary Share on AIM on 16 May 2025. 139,248,894 new fully paid ordinary shares (New Ordinary Shares) are being subscribed for in aggregate and application has been made to the London Stock Exchange for 139,248,894 New Ordinary Shares to be admitted to trading on AIM (Admission). Admission is expected to occur at 8.00am on 20 May 2025.\n\nThe number of New Ordinary Shares being subscribed for by the relevant Directors and Persons Discharging Managerial Responsibilities and their resulting interests are as follows:\n\n|   |   |   |   |   |   |   |\n| --- | --- | --- | --- | --- | --- | --- |\n| Name | Number of Options and Performance Share Rights cancelled | Resulting number of Options and Performance Share Rights | Total consideration | New Ordinary Shares being subscribed for | Subscription | Number of Ordinary Shares held following the subscription |\n| Directors |  |  |  |  |  |  |\n| Mark Barnaba | 100,000,000 | nil | £6,640,000 | 27,978,479 | £3,320,000 | 29,567,782 |\n| Elizabeth Gaines | 55,000,000 | nil | £3,652,000 | 15,388,164 | £1,826,000 | 16,447,699 |\n| Shaun Day | 72,700,000 | 44,574,065 | £4,827,280 | 20,340,355 | £2,413,640 | 23,018,658 |\n| Paul Hallam | 40,000,000 | nil | £2,656,000 | 11,191,392 | £1,328,000 | 11,986,043 |\n| Jimmy Wilson | 40,000,000 | nil | £2,656,000 | 11,191,392 | £1,328,000 | 11,986,043 |\n| PDMR |  |  |  |  |  |  |\n| Monique Connolly | 20,000,000 | 8,709,808 | £1,328,000 | 5,595,696 | £664,000 | 5,595,696 |\n| Total | 327,700,000 | 53,283,873 | £21,759,280 | 91,685,478 | £10,879,640 | 98,601,921 |\n\nAdditionally, employees have surrendered for cancellation a further 170,000,000 options for total consideration of £11,288,000, of which £5,644,000 has been reinvested to subscribe for 47,563,415 New Ordinary Shares.\n\nThe New Ordinary Shares issued to each holder (and the ordinary shares in Greatland Resources Limited to be issued in exchange for those New Ordinary Shares under the scheme of arrangement approved by shareholders on 12 May 2025) will be subject to a lock-in for a period of 12 months following the date of issue of the New Ordinary Shares, subject to limited market standard exceptions for lock-ins.\n\nAdmission of shares and total voting rights\n\nThe total issued share capital of the Company consists of 13,218,543,496 Ordinary Shares.  As each Ordinary Share carries the right to one vote, the total number of voting rights in the Company will be 13,218,543,496.  No Ordinary Shares are held in treasury.\n\nThis number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure and Transparency Rules.\n\nContact\n\nFor further information, please contact:\n\nGreatland Gold plc\n\nShaun Day, Managing Director | Rowan Krasnoff, Chief Development Officer\n\n[info@greatlandgold.com](mailto:info@greatlandgold.com) \n\n**About Greatland**\n\nGreatland is a gold and copper mining company listed on the London Stock Exchange’s AIM Market (LSE:GGP) and operates its business from Western Australia\n\nThe Greatland portfolio includes the 100% owned Telfer gold-copper mine, the adjacent 100% owned world class Havieron gold-copper project (under development), and a significant exploration portfolio within the surrounding region. The combination of Telfer and Havieron provides for a substantial and long life gold-copper operation in the Paterson Province of Western Australia.\n\nThe group is targeting a cross listing on the ASX and AIM in the June quarter 2025.\n\nPDMR dealing notifications\n\nThe following notifications are provided in accordance with the requirements of the UK Market Abuse Regulation.\n\n|   |   |   |\n| --- | --- | --- |\n| 1 | Details of the person discharging managerial responsibilities / person closely associated |  |\n| a) | Name | Company directors/officers: |\n| 1.   Mark Barnaba 2.   Elizabeth Gaines 3.   Paul Hallam 4.   James Wilson 5.   Shaun Day 6.   Monique Connolly | Chairman Non-Executive Director Non-Executive Director Non-Executive Director Managing Director Chief Financial Officer |  |\n|  |  |  |\n\n2\n\nReason for the notification\n\na)\n\nPosition/status\n\nSee 1(a) above for all positions – classified as PDMRs of the Company\n\nb)\n\nInitial notification /Amendment\n\nInitial Notification\n\n3\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\na)\n\nName\n\nGreatland Gold plc\n\nb)\n\nLEI\n\n213800KMN7LDF4VRPQ10\n\n4\n\nDetails 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\n\na)\n\nDescription of the financial instrument, type of instrument\n\nIdentification code\n\nOrdinary Shares\n\n \n\nGB00B15XDH89\n\nb)\n\nNature of the transaction \n\nSubscription for Ordinary Shares\n\nc)\n\nPrice(s) and volume(s)\n\nSubscription price of 11.87 pence per Ordinary Share\n\n|   |   |\n| --- | --- |\n|  Number of Ordinary Shares subscribed for |  |\n| 1.   Mark Barnaba 2.   Elizabeth Gaines 3.   Paul Hallam 4.   James Wilson 5.   Shaun Day 6.   Monique Connolly | 27,978,479 15,388,164 11,191,392 11,191,392 20,340,355 5,595,696 |\n\nd)\n\nAggregated information\n\nVolume Price\n\nn/a – single transaction\n\ne)\n\nDate of the transaction \n\n19 May 2025\n\nf)\n\nPlace of the transaction\n\nOutside a trading venue\n\n|   |   |   |\n| --- | --- | --- |\n| 1 | Details of the person discharging managerial responsibilities / person closely associated |  |\n| a) | Name | Company directors/officers: |\n| 1.   Mark Barnaba 2.   Elizabeth Gaines 3.   Paul Hallam 4.   James Wilson 5.   Shaun Day 6.   Monique Connolly | Chairman Non-Executive Director Non-Executive Director Non-Executive Director Managing Director Chief Financial Officer |  |\n\n2\n\nReason for the notification\n\na)\n\nPosition/status\n\nSee 1(a) above for all positions – classified as PDMRs of the Company\n\nb)\n\nInitial notification /Amendment\n\nInitial Notification\n\n3\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\na)\n\nName\n\nGreatland Gold plc\n\nb)\n\nLEI\n\n213800KMN7LDF4VRPQ10\n\n4\n\nDetails 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\n\na)\n\nDescription of the financial instrument, type of instrument\n\nIdentification code\n\nOptions over Ordinary Shares\n\n \n\nGB00B15XDH89\n\nb)\n\nNature of the transaction \n\nSurrender of Options over Ordinary Shares\n\nc)\n\nPrice(s) and volume(s)\n\n6.64 pence per option surrendered.\n\n|   |   |\n| --- | --- |\n|  Number of Options Surrendered |  |\n| 1.   Mark Barnaba 2.   Elizabeth Gaines 3.   Paul Hallam 4.   James Wilson 5.   Shaun Day 6.   Monique Connolly | 100,000,000 55,000,000 40,000,000 40,000,000 72,700,000 20,000,000 |\n\nd)\n\nAggregated information\n\nVolume Price\n\nn/a – single transaction\n\ne)\n\nDate of the transaction \n\n19 May 2025\n\nf)\n\nPlace of the transaction\n\nOutside a trading venue"}