Exercise of Warrants
Great Southern Copper plc announced that two Directors, Sam Garrett and Charles Bond, exercised their warrant rights to subscribe for 2,416,666 new ordinary shares at 3.0p per share, raising £72,500 in gross proceeds. These new shares are expected to be admitted to trading on the London Stock Exchange on July 6th, bringing the total issued share capital to 773,370,156. This transaction represents an exercise of warrants by key management personnel at a price of 3.0 pence per share.
Select text to share a quote on X · sign in to keep highlights & notes in your GSCU notes
Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold-silver exploration in Chile, announces that two Directors have exercised their warrant rights to subscribe for 2,416,666 new ordinary shares of 1p each in capital of the Company ("Ordinary Shares") at an exercise price of 3.0p per share for gross proceeds of £72,500.
This total consists of 2,083,333 and 333,333 new ordinary shares subscribed for by Sam Garrett (CEO) and Charles Bond (Non-Executive Chairman) respectively.
Admission to Trading and Total Voting Rights
Application for admission has been made and the admission of these 2,416,666 new Ordinary Shares to trading on the Main Market of the London Stock Exchange plc, which is expected to become effective on or around 8.00am on 6 July ("Admission").
Following Admission, the total number of issued shares and the total number of voting rights in the Company will be 773,370,156. This 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.
| 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 on exercise of warrants | ||||
| c) | Price(s) and volume(s) |
| ||||
| e) | Date of the transaction | 29 June 2026 | ||||
| f) | Place of the transaction | Outside of trading venue - issued of new ordinary shares | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Samuel Garrett | ||||
| 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 on exercise of warrants | ||||
| c) | Price(s) and volume(s) |
| ||||
| e) | Date of the transaction | 29 June 2026 | ||||
| f) | Place of the transaction | Outside of trading venue - issued of new ordinary shares |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.