Issue Of Equity And Grant Of Options
Great Western Mining Corporation PLC has issued 204,546 new ordinary shares at 2.15 pence each to settle part of the remuneration for its CEO, Ed Loye, for February to June 2026. Additionally, the company has granted Mr. Loye options over 4,000,000 ordinary shares with an exercise price of 3.24 pence each. Following these issuances, the total number of ordinary shares in issue will be 435,921,327. Dealings for the new shares are expected to commence on or around July 16, 2026.
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Great Western Mining Corporation PLC (AIM: GWMO & ESM: 8GW) announces the issue of 204,546 new ordinary shares of €0.0001 each at ("Fee Shares") in settlement of part of the remuneration for Ed Loye for the period February to June 2026. Under the terms of Mr. Loye's contract, part of his monthly remuneration is settled in shares and accrued on a monthly basis. The pricing for these shares is based on the 5-day VWAP for the last five days of trading, calculated on a monthly basis and will be settled quarterly.
In addition, the Company has granted options over 4,000,000 ordinary shares of €0.0001 each in the capital of the Company to Mr Loye, following his election to the Board of Directors. The options have an exercise price of 3.24 pence per ordinary share and have been granted pursuant to the terms of Mr Loye's employment agreement. The options are exercisable in accordance with the terms of the Company's share option scheme.
Settlement and Dealing
Application will be made to the AIM Market of the London Stock Exchange ("AIM") and Euronext Growth for a total of 204,546 ordinary shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM and Euronext Growth are expected to commence on or around 16 July 2026 ("Admission").
Total Voting Rights
In conformity with Regulation 20 of the Transparency (Directive 2004/109/EC) Regulations 2007, Great Western advises that the total number of ordinary shares of €0.0001 each in issue (with voting rights) will be 435,921,327 following the issue of the Warrant Shares and the Broker Shares. The Company does not hold any ordinary shares in treasury.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | EDWARD LOYE |
| 2. | Reason for the notification | |
| a) | Position/status | CHIEF EXECUTIVE OFFICER |
| b) | Initial Notification Amendment | Initial |
| a) | Name | GREAT WESTERN MINING CORPORATION PLC |
| b) | LEI | 635400NZ1RTHSGDVNQ43 |
| b) | Nature of the transaction | ISSUE OF ORDINARY SHARES GRANT OF OPTIONS |
| c) | Price(s) and volume(s) | ISSUE OF SHARES Price(s) Volume(s) STG 2.15 PENCE 204,546 OPTIONS: Price(s) Volume(s) STG 3.24 PENCE 4,000,000 |
| d) | Aggregated information - Aggregated volume - Price | NOT APPLICABLE |
| e) | Date of the transaction | 9 JULY 2026 |
| f) | Place of the transaction | OFF MARKET |
| g) | Additional Information | NOT APPLICABLE |
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