Grant of Share Options
Great Southern Copper plc announced the grant of 23,750,000 share options at 2.7p to Directors and employees, and an additional 2,700,000 options at 1.0p to the Chilean exploration team. These options vest in three years, conditional on continued employment. Following this award, the company has 73,283,256 share options outstanding, representing 9.5% of its issued share capital. Key executives receiving options include Charles Bond (Chairman) with 3,000,000 options, Sam Garrett (CEO) with 8,000,000 options, and Martin Page (CFO) with 5,000,000 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"), the Board has approved the grant of 23,750,000 share options priced at 2.7p to Directors and employees of the Company. In addition, the Board has approved the grant of 2,700,000 share options at 1.0p to the Chilean exploration team 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 (of the grant | Total options held post issue |
|---|---|---|---|---|
| Charles Bond | Chairman | 3,000,000 | 2.7p | 8,500,000 |
| Sam Garrett | Chief Executive Officer | 8,000,000 | 2.7p | 24,000,000 |
| Martin Page | Chief Financial Officer | 5,000,000 | 2.7p | 15,000,000 |
| Nicholas Briers | Non-executive Director | 2,500,000 | 2.7p | 6,500,000 |
| Stuart Greene | Non-executive Director | 2,500,000 | 2.7p | 6,500,000 |
| Employees/Consultants | Exploration team | 2,750,000 | 2.7p | 9,438,233 |
| Employees | Exploration team | 2,700,000 | 1.0p | 4,345,023 |
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 73,283,256 share options in issue under the existing share option schemes, representing 9.5% 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 8,500,000 options to purchase ordinary shares. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume - Price | 2.7p | ||||
| e) | Date of the transaction | 4 June 2026 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 Garrett holds 24,000,000 options to purchase ordinary shares. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume - Price | 2.7p | ||||
| e) | Date of the transaction | 4 June 2026 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 Page holds 15,000,000 options to purchase ordinary shares. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume - Price | 2.7p | ||||
| e) | Date of the transaction | 4 June 2026 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 Briers holds 6,500,000 options to purchase ordinary shares. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume - Price | 2.7p | ||||
| e) | Date of the transaction | 4 June 2026 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 Greene holds 6,500,000 options to purchase ordinary shares. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume - Price | 2.7p | ||||
| e) | Date of the transaction | 4 June 2026 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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