Grant of Share Options
Great Western Mining Corporation plc has granted 7.5 million share options to Directors and persons discharging managerial responsibilities at an exercise price of 2.10 pence per share, with a seven-year term and immediate vesting subject to a 50% share price uplift performance condition. The total number of ordinary shares in issue is 411,832,131, and the company currently has 6,120,000 share options and 315,335,713 warrants outstanding.
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Great Western Mining Corporation PLC (AIM: GWMO & ESM: 8GW) announces that it has granted a total of 7.5 million share options, including grants to Directors, in accordance with the rules of the Company's Share Option Plan 2014.
The share option awards were approved by the Board on 17 April 2026 (the "Award Date") and the exercise price of the new options will be Sterling 2.10 pence per share, representing the average closing price for the ten preceding days. The options are for seven years and vest immediately with exercise subject to performance conditions being a minimum 50% uplift in the share price.
Share Options issued to persons discharging management responsibilities are:
| Gemma Cryan | 500,000 |
| Alastair Ford | 500,000 |
| Brian Hall | 2,000,000 |
| Andrew Hay | 500,000 |
| Robert O'Connell | 2,000,000 |
| Max Williams | 2,000,000 |
Great Western has 411,832,131 ordinary shares of €0.0001 in issue. In addition to the options being granted today, the Company has 6,120,000 Share Options outstanding with exercise prices ranging from 8.0 pence per share to 26.0 pence per share. The Company also has also granted warrants and currently has outstanding a total of 315,335,713 Warrants with exercise prices ranging from 1.0 pence per share to 2.0 pence per share.
The Directors' interests in the shares of Great Western are:
| Shares | Options pre-grant | Options post-grant | |
|---|---|---|---|
| Gemma Cryan | 45,454 | 135,000 | 635,000 |
| Alastair Ford | 18,181 | 135,000 | 635,000 |
| Brian Hall | 1,575,378 | 570,000 | 2,570,000 |
| Andrew Hay | 159,409 | 135,000 | 635,000 |
| Robert O'Connell | 170,850 | 570,000 | 2,570,000 |
| Max Williams | 526,136 | 570,000 | 2,570,000 |
* Number of options re-stated after share reorganisation completed on 28 March 2025
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | GEMMA CRYAN |
| 2 | Reason for the notification | |
| a) | Position/status | DIRECTOR |
| b) | Initial Notification Amendment | Initial |
| a) | Name | GREAT WESTERN MINING CORPORATION PLC |
| b) | LEI | 635400NZ1RTHSGDVNQ43 |
| b) | Nature of the transaction | GRANT OF OPTIONS |
| c) | Price(s) and volume(s) | Price(s) Volume(s) STG 2.10 PENCE 500,000 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 17 APRIL 2026 |
| f) | Place of the transaction | OFF MARKET |
| g) | Additional Information | n/a |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | ALASTAIR FORD |
| 2 | Reason for the notification | |
| a) | Position/status | DIRECTOR |
| b) | Initial Notification Amendment | Initial |
| a) | Name | GREAT WESTERN MINING CORPORATION PLC |
| b) | LEI | 635400NZ1RTHSGDVNQ43 |
| b) | Nature of the transaction | GRANT OF OPTIONS |
| c) | Price(s) and volume(s) | Price(s) Volume(s) STG 2.10 PENCE 500,000 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 17 APRIL 2026 |
| f) | Place of the transaction | OFF MARKET |
| g) | Additional Information | n/a |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | BRIAN HALL |
| 2 | Reason for the notification | |
| a) | Position/status | EXECUTIVE CHAIRMAN |
| b) | Initial Notification Amendment | Initial |
| a) | Name | GREAT WESTERN MINING CORPORATION PLC |
| b) | LEI | 635400NZ1RTHSGDVNQ43 |
| b) | Nature of the transaction | GRANT OF OPTIONS |
| c) | Price(s) and volume(s) | Price(s) Volume(s) STG 2.10 PENCE 2,000,000 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 17 APRIL 2026 |
| f) | Place of the transaction | OFF MARKET |
| g) | Additional Information | n/a |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | ANDREW HAY |
| 2 | Reason for the notification | |
| a) | Position/status | DIRECTOR |
| b) | Initial Notification Amendment | Initial |
| a) | Name | GREAT WESTERN MINING CORPORATION PLC |
| b) | LEI | 635400NZ1RTHSGDVNQ43 |
| b) | Nature of the transaction | GRANT OF OPTIONS |
| c) | Price(s) and volume(s) | Price(s) Volume(s) STG 2.10 PENCE 500,000 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 17 APRIL 2026 |
| f) | Place of the transaction | OFF MARKET |
| g) | Additional Information | n/a |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | ROBERT O'CONNELL |
| 2 | Reason for the notification | |
| a) | Position/status | OPERATIONS DIRECTOR |
| b) | Initial Notification Amendment | Initial |
| a) | Name | GREAT WESTERN MINING CORPORATION PLC |
| b) | LEI | 635400NZ1RTHSGDVNQ43 |
| b) | Nature of the transaction | GRANT OF OPTIONS |
| c) | Price(s) and volume(s) | Price(s) Volume(s) STG 2.10 PENCE 2,000,000 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 17 APRIL 2026 |
| f) | Place of the transaction | OFF MARKET |
| g) | Additional Information | n/a |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | MAX WILLIAMS |
| 2 | Reason for the notification | |
| a) | Position/status | FINANCE DIRECTOR |
| b) | Initial Notification Amendment | Initial |
| a) | Name | GREAT WESTERN MINING CORPORATION PLC |
| b) | LEI | 635400NZ1RTHSGDVNQ43 |
| b) | Nature of the transaction | GRANT OF OPTIONS |
| c) | Price(s) and volume(s) | Price(s) Volume(s) STG 2.10 PENCE 2,000,000 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 17 APRIL 2026 |
| f) | Place of the transaction | OFF MARKET |
| g) | Additional Information | n/a |
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