Issue Of Equity And Grant Of Options
Great Western Mining Corporation plc announced the issuance of 67,051 new ordinary shares at 3.46 pence each to its Chief Executive Officer as part of his remuneration, and the grant of options over 1,000,000 ordinary shares to the Chief Financial Officer with an exercise price of 3.61 pence. These new shares will rank pari passu with existing shares, and admission to trading on AIM and Euronext Growth is expected around October 13, 2026. Following these issuances, the total number of ordinary shares with voting rights will be 438,438,378.
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Great Western Mining Corporation PLC (AIM: GWMO & ESM: 8GW) announces the issue of 67,051 new ordinary shares of €0.0001 each at Stg 3.46 pence per share (“Remuneration Shares”) in settlement of part of the remuneration for Ed Loye, Chief Executive Officer, for the period July to September 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 1,000,000 ordinary shares of €0.0001 each in the capital of the Company to John Arthur, Chief Financial Officer. The options have an exercise price of Stg 3.61 pence per ordinary share and have been granted pursuant to the terms of Mr Arthur'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 67,051 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 13 October 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 438,438,378 following the issue of the Remuneration Shares and the Warrant 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 |
| c) | Price(s) and volume(s) | ISSUE OF SHARES Price(s) Volume(s) STG 3.46 PENCE 67,051 |
| d) | Aggregated information — Aggregated volume — Price | NOT APPLICABLE |
| e) | Date of the transaction | 6 OCTOBER 2026 |
| f) | Place of the transaction | OFF MARKET |
| g) | Additional Information | NOT APPLICABLE |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | JOHN ARTHUR |
| 2 | Reason for the notification | |
| a) | Position/status | CHIEF FINANCIAL OFFICER |
| 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 3.61 PENCE 1,000,000 |
| d) | Aggregated information — Aggregated volume — Price | NOT APPLICABLE |
| e) | Date of the transaction | 6 OCTOBER 2026 |
| f) | Place of the transaction | OFF MARKET |
| g) | Additional Information | NOT APPLICABLE |
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