Issue of Shares and Director/PDMR Shareholdings
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Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold and lithium exploration in Chile, announces that it has issued new ordinary shares of 1p each ("New Ordinary Shares") to Charles Bond, Chairman of Great Southern Copper, in accordance with the terms of Mr. Bond's letter of appointment whereby it was agreed his salary will be paid quarterly in ordinary shares.
The New Ordinary Shares represent the share compensation due from 1 October 2023 to 31 December 2023. A total of 302,276 New Ordinary Shares have been issued. The details of the issuance are set out below:
| Period | Value of share issuance GBP£ | Number of new ordinary shares issued | Number of new ordinary shares held following the issuance | Percentage of the enlarged ordinary share capital |
|---|---|---|---|---|
| 1/10/2023 - 31/12/2023 | £7,817 | 302,276 | 4,263,644 | 1.24% |
Admission and Total Voting Rights
Application will be made for the 302,276 New Ordinary Shares, which will rank pari passu in all respects with the existing ordinary shares in the Company, to be admitted to the Standard List segment of Official List and to trading on the main market of the London Stock Exchange plc, which is expected to occur on or around 8.00 a.m. on 16 January 2024 ("Admission").
The total number of issued shares and the total number of voting rights in the Company is 343,491,487. The above figure should be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
| 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 |
| a) | Name | Great Southern Copper plc |
| b) | LEI | 213800RF6N9WA8PZH313 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1 pence each GB00BLB5BF24 |
| b) | Nature of the transaction | Shares issued in lieu of salary |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 2.5862p* 302,276 *weighted average share price from 1 October 2023 to 31 December 2023 |
| e) | Date of the transaction | 16 January 2024 |
| f) | Place of the transaction | Outside of trading venue - issued of new ordinary shares |
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