Grant of Share Options
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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.
| 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 | 213800RF6N9WA8PZH31 | ||||
| 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 | ||||
| a) | Name | Great Southern Copper plc | ||||
| b) | LEI | 213800RF6N9WA8PZH31 | ||||
| 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 | ||||
| a) | Name | Great Southern Copper plc | ||||
| b) | LEI | 213800RF6N9WA8PZH31 | ||||
| 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 | ||||
| a) | Name | Great Southern Copper plc | ||||
| b) | LEI | 213800RF6N9WA8PZH31 | ||||
| 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 | ||||
| a) | Name | Great Southern Copper plc | ||||
| b) | LEI | 213800RF6N9WA8PZH31 | ||||
| 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 |
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