Director/PDMR Shareholding
Meridian Mining plc announced that two persons discharging managerial responsibilities, Non-Executive Director Ms. Susanne Sesselmann and CEO Mr. Gilbert Clark, exercised options under the company's incentive plan. Ms. Sesselmann exercised 300,000 options at CAD1.10 per share, receiving 136,634 new shares, of which 39,015 were sold at an average of 101.002 pence to cover taxes, leaving her with 97,619 shares and a total holding of 234,619 shares. Mr. Clark exercised 300,000 options at CAD1.10 per share, receiving 122,581 new shares which he retains, bringing his total holding to 4,565,313 shares. These new shares rank pari passu with existing shares and have been admitted to trading on the London Stock Exchange.
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LONDON, United Kingdom, 28 October, 2026 / RNS / Meridian Mining plc (LSE: MNO) (TSX: MNO) (FSE: N2E0) (Tradegate: N2E0) (OTCQX: MRRDF) (“Meridian” or the “Company”) announces that, on 23 October 2026 it received notification from Ms Susanne Sesselmann, Non-Executive Director of the Company, and on 26 October 2026 it received notification from Mr Gilbert Clark, Chief Executive Officer, both persons discharging managerial responsibilities ("PDMR"), that they have exercised certain options over ordinary shares of €0.01 each in the capital of the Company (the "Shares") granted to them under the Meridian Mining Omnibus Incentive Plan at an exercise price of CAD1.10 per Share (the "Options").
The Options were exercised on a cashless basis for both PDMRs. On 23 October 2026 the Company issued 136,634 new Shares to Ms Sesselmann on exercise of her 300,000 Options. On 28 October 2026, 39,015 of those Shares were sold on the Main Market of the London Stock Exchange at an average price of 101.002 pence per Share to satisfy tax liabilities resulting from the exercise. Ms Sesselmann retains the balance of 97,619 Shares.
Following the exercise of the Options and subsequent sale of Shares, Ms Sesselmann’s total holding of Shares in the Company is 234,619.
Mr Clark exercised his 300,000 Options on 26 October 2026. On 27 October 2026 the Company issued 122,581 new Shares to Mr Clark, which he retains in full. Mr Clark’s total holding of Shares in the Company following the exercise of his Options is 4,565,313.
The 259,215 new ordinary Shares rank pari passu in all respects with the existing ordinary shares of €0.01 each in the Company including the right to receive any dividend or other distribution thereafter declared, made or paid. The new Shares were issued out of the Company’s block admission of 1.6 million ordinary shares, which became effective on 6 October 2026, and are admitted to trading on the Main Market of the London Stock Exchange. The Company will include them in its next notification of admission to trading and total voting rights.
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 | Exercise of share options under the Meridian Mining Omnibus Incentive Plan on a cashless basis |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| CAD1.10 | 136,634 | |
| d) | Aggregated information | n/a |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 23 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Susanne Sesselmann |
| 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 | Sale of Shares to satisfy tax liabilities arising from the option exercise |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 101.002 pence | 39,015 | |
| d) | Aggregated information | |
| - | ||
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 28 October 2026 |
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Gilbert Clark |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer (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 | Exercise of share options under the Meridian Mining Omnibus Incentive Plan on a cashless basis |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| CAD1.10 | 122,581 | |
| d) | Aggregated information | |
| - | ||
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 26 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
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