RE: RNS25 Sep 2020 12:21
Exercise of Options
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development company, announces the exercise of options by employees.
The Company has received binding option exercise notices from employees, who are not Directors or PDMRs, for 8,500,000 options for a total consideration of GBP137,500, including 2,500,000 options at 0.7 pence per share for consideration of GBP17,500, and 6,000,000 options at 2.0 pence per share for consideration of GBP120,000. As a result of the option conversions, 8,500,000 new ordinary shares are expected to be admitted to trading on or around 2 October 2020 ("Admission")
Following Admission, the total issued share capital of the Company will consist of 3,802,440,416 ordinary shares. As such the total number of voting rights in the Company will be 3,802,440,416 ordinary shares. This 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.