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29 Apr 2025 12:00
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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 gsc@blytheray.com |
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
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