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Grant of Share Options

29th Apr 2025 12:00

RNS Number : 6503G
Great Southern Copper PLC
29 April 2025
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

29 April 2025

 

Great Southern Copper plc

("GSC" or the "Company")

 

 

Grant of Share Options

 

Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold and silver exploration in Chile, announces that pursuant to its Share Option Plan 2023 ("2023 SOP"), [as approved at the Company's Annual General Meeting], the Board has approved the grant of 24,800,000 share options priced at 2.9p to Directors and employees of the Company. The share options have been granted on the recommendation of the Remuneration Committee.

 

The share options have been granted as follows:

 

Name  

Role

Number of options granted  

Exercise price 

Total options held post issue

Charles Bond

Chairman

3,000,000

2.9p

5,500,000

Sam Garrett

Chief Executive Officer

8,000,000

2.9p

16,000,000

Martin Page

Chief Financial Officer

5,000,000

2.9p

10,000,000

Nicholas Briers

Non-executive Director

2,500,000

2.9p

4,000,000

Stuart Greene

Non-executive Director

2,500,000

2.9p

4,000,000

Employees

Country Manager and geologists

3,800,000

2.9p

8,661,611

 

Conditional upon continuing employment with the Company, the options will vest in three years from grant. There are no other vesting conditions.

Following this award the Company will have 48,161,611 share options in issue under the existing share option schemes, representing 8.4% of the existing issued share capital of the Company.

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Charles Bond

2

Reason for the notification

a)

Position/status

Chairman

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

Name

Great Southern Copper plc

b)

LEI

213800RF6N9WA8PZH31

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 financial instrument, type of instrument

 

Identification code

Ordinary shares of no par value

 

 

GB00BLB5BF24

b)

Nature of the transaction

 

Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Bond holds [ ] options to purchase ordinary shares.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

2.9p

3,000,000

d)

Aggregated information

 

Aggregated volume

 

- Price

 

 

 

 

 

2.9p

e)

Date of the transaction

 

29 April 2025

Note: the Company is not considered in a close period at the time of this transaction.

 

f)

Place of the transaction 

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Sam Garrett

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

Name

Great Southern Copper plc

b)

LEI

213800RF6N9WA8PZH31

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 financial instrument, type of instrument

 

Identification code

Ordinary shares of no par value

 

 

GB00BLB5BF24

b)

Nature of the transaction

 

Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Bond holds [ ] options to purchase ordinary shares.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

2.9p

8,000,000

d)

Aggregated information

 

Aggregated volume

 

- Price

 

 

 

 

 

2.9p

e)

Date of the transaction

 

29 April 2025

Note: the Company is not considered in a close period at the time of this transaction.

 

f)

Place of the transaction 

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Martin Page

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

Name

Great Southern Copper plc

b)

LEI

213800RF6N9WA8PZH31

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 financial instrument, type of instrument

 

Identification code

Ordinary shares of no par value

 

 

GB00BLB5BF24

b)

Nature of the transaction

 

Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Bond holds [ ] options to purchase ordinary shares.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

2.9p

5,000,000

d)

Aggregated information

 

Aggregated volume

 

- Price

 

 

 

 

 

2.9p

e)

Date of the transaction

 

29 April 2025

Note: the Company is not considered in a close period at the time of this transaction.

 

f)

Place of the transaction 

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nicholas Briers

2

Reason for the notification

a)

Position/status

Non-executive Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

Name

Great Southern Copper plc

b)

LEI

213800RF6N9WA8PZH31

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 financial instrument, type of instrument

 

Identification code

Ordinary shares of no par value

 

 

GB00BLB5BF24

b)

Nature of the transaction

 

Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Bond holds [ ] options to purchase ordinary shares.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

2.9p

2,500,000

d)

Aggregated information

 

Aggregated volume

 

- Price

 

 

 

 

 

2.9p

e)

Date of the transaction

 

29 April 2025

Note: the Company is not considered in a close period at the time of this transaction.

 

f)

Place of the transaction 

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stuart Greene

2

Reason for the notification

a)

Position/status

Non-executive Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

Name

Great Southern Copper plc

b)

LEI

213800RF6N9WA8PZH31

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 financial instrument, type of instrument

 

Identification code

Ordinary shares of no par value

 

 

GB00BLB5BF24

b)

Nature of the transaction

 

Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Bond holds [ ] options to purchase ordinary shares.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

2.9p

2,500,000

d)

Aggregated information

 

Aggregated volume

 

- Price

 

 

 

 

 

2.9p

e)

Date of the transaction

 

29 April 2025

Note: the Company is not considered in a close period at the time of this transaction.

 

f)

Place of the transaction 

Outside a trading venue

 

Contact Details:

 

Great Southern Copper plc

Sam Garrett, Chief Executive Officer

+44 (0) 20 4582 3500

SI Capital Limited

Nick Emerson

+44 (0) 1483 413500

BlytheRay

Tim Blythe / Megan Ray

+44 (0) 20 7138 3204

[email protected]

 

 

Notes for Editors:

 

About Great Southern Copper

 

Great Southern Copper PLC is a UK-listed mineral exploration company focused on the discovery of copper-gold-silver deposits in Chile. The Company has the option to acquire rights to 100% of two projects in the under-explored coastal belt of Chile that are prospective for large scale copper-gold deposits. Chile is a globally significant mining jurisdiction being the world's largest copper producer and the second-largest producer of lithium.

 

The two early-stage Cu-Au projects comprise the Especularita and San Lorenzo Projects, both located in the coastal metallogenic belt of Chile which hosts significant copper mines and deposits, including Teck's Carmen de Andacollo copper mine, and boasts excellent access to infrastructure such as roads, power and ports. Significant historical small-scale and artisanal workings for both copper and gold are readily evident in both exploration project areas.

 

Great Southern Copper is strategically positioned to support the global market for copper - a critical battery metal in the clean energy transition around the world. The Company is actively engaged in exploration and evaluation work programmes targeting both large tonnage, low to medium grade Cu-Au deposits as well as high-grade Cu-Au deposits.

 

Further information on the Company is available on the Company's website: https://gscplc.com

 

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 [email protected] 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
 
 
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