Director/PDMR Shareholding
Meridian Mining plc announced on September 10, 2026, that it granted conditional share awards in the form of deferred share units (DSUs) to two Non-Executive Directors, Carlos Vilhena and Felipe Holzhacker Alves. Each director received 44,118 DSUs, valued at CAD 75,000 each based on the last equity issue price of CAD 1.70/GBP 0.92. These awards were granted to satisfy commitments made prior to their election to the Board and will vest in twelve equal monthly installments, with settlement only occurring upon a director's departure from the Board.
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LONDON, United Kingdom, 11 September, 2026 / Newsfile / Meridian Mining plc (LSE: MNO) (TSX: MNO) (FSE: N2E0) (Tradegate: N2E0) (OTCQX: MRRDF) (“Meridian” or the “Company”) announces that, on 10 September 2026 it granted the following conditional share awards under the Meridian Mining Omnibus Incentive Plan (the “Omnibus Plan”) to the following Non-Executive Directors, both of whom joined the Board immediately after the Company’s annual general and special meeting on 29 June 2026. Awards take the form of deferred share units (“DSUs”).
| Name | Role | Award type | Number of shares under award |
|---|---|---|---|
| Carlos Vilhena | Non-executive director | DSU | 44,118 |
| Felipe Holzhacker Alves | Non-executive director | DSU | 44,118 |
In calculating the number of shares in the Company over which these awards have been granted, the Remuneration Committee of the Company has applied the price of CAD1.70/GBP£0.92 (being the last equity issue price).
The Board has granted DSUs to both Non-Executive Directors in order to satisfy commitments made to each Non-Executive Director prior to and in connection with their election by the shareholders to the Board, and before the admission of the Company’s shares to trading on the London Stock Exchange. The aggregate value of the shares under each Non-Executive Director’s award (CAD75,000 based on the last equity issue price of CAD1.70) reflects the value of awards granted historically to Non-Executive Directors in connection with their appointment.
The Company has consulted on these arrangements with major shareholders.
DSUs will normally vest in twelve equal monthly instalments conditional upon the relevant individual’s continued engagement. The actual payout or settlement of a DSU is only applicable once a Director leaves the Board.
On behalf of the Board of Directors of Meridian Mining plc
Gilbert Clark - CEO and Director
Meridian Mining plc
8th Floor, 4 More London Riverside
London SE1 2AU
United Kingdom
Ph: +44 (0) 203 930 3145 (GMT)
| a) | Name | Meridian Mining plc |
| b) | LEI | 984500EB404A37FD8886 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of EUR 0.01 each |
| Identification code | GB00BVPND783 | |
| b) | Nature of the transaction | Grant of an award under the Meridian Mining Omnibus Incentive Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Nil consideration | 44,118 | |
| d) | Aggregated information | N/A |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 10 September 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Felipe Holzhacker Alves |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Meridian Mining plc |
| b) | LEI | 984500EB404A37FD8886 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of EUR 0.01 each |
| Identification code | GB00BVPND783 | |
| b) | Nature of the transaction | Grant of an award under the Meridian Mining Omnibus Incentive Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Nil consideration | 44,118 | |
| d) | Aggregated information | N/A |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 10 September 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.