RNS Options26 Sep 2019 10:43
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and
development company, announces the grant of the following performance share
options to directors and key employees.
Grant of Options
Director Position Number of Options Exercise Price Expiry Date
Alex Borrelli Non-Executive Chairman Nil 2.5p 25 Sep 2023
3.0p
Gervaise Heddle Chief Executive Officer 9,000,000 2.5p 25 Sep 2023
9,000,000 3.0p
Callum Baxter Chief Technical Officer 9,000,000 2.5p 25 Sep 2023
9,000,000 3.0p
Clive Latcham Non-Executive Director 1,500,000 2.5p 25 Sep 2023
1,500,000 3.0p
Key Employees Various Positions 12,500,000 2.5p 25 Sep 2023
12,500,000 3.0p
Each option has a 12 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. All options will vest immediately upon a change of control event.
Following the grant of options to directors, the resultant total directors'
shareholdings are as follows:
Director Position Shares Held Options Held
Alex Borrelli Chairman 13,000,000 51,500,000
Gervaise Heddle Chief Executive Officer 25,750,000 91,500,000
Callum Baxter Chief Technical Officer 77,572,951 63,500,000
Clive Latcham Non-Executive Director Nil 13,000,000