Admission of Shares and Director/PDMR Shareholding
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
19 May 2023
Great Southern Copper plc
("GSC" or the "Company")
Admission of Shares and Director/PDMR Shareholding
Further to the announcement on 15 May 2023, Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold exploration in Chile, announces that the admission of the 41,749,998 new ordinary shares to trading on the main market of the London Stock Exchange plc, became effective at 8.00am this morning.
The 41,749,998 new ordinary shares of 1p each, at a price of 1.2p per ordinary share for a total amount of £501,000, were issued as part of the £1,002,000 fundraise.
Director Participation
All of the Directors of the Company participated in the fundraise and subscribed, in aggregate, for 3,333,332 shares. Details of the subscriptions by Directors are as follows:
|
Name |
Existing shareholding |
Number of Placing Shares subscribed for |
Resulting shareholding on Admission |
Percentage of issued share capital on Admission |
|
|
|
|
|
|
|
Charles Bond |
1,260,311 |
833,333 |
2,093,644 |
0.82% |
|
Sam Garrett |
4,926,878 |
833,333 |
5,760,211 |
2.26% |
|
Nick Briers |
200,000 |
833,333 |
1,033,333 |
0.41% |
|
Stuart Greene |
100,000 |
833,333 |
933,333 |
0.37% |
Total Voting Rights
The total number of issued shares and the total number of voting rights in the Company is 255,086,409. The above figure should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Enquiries:
|
Great Southern Copper plc |
|
|
Sam Garrett, Chief Executive Officer |
+44 20 4582 3500 |
|
|
|
|
SI Capital Limited |
|
|
Nick Emerson |
+44 (0)14 8341 3500 |
|
|
|
|
Gracechurch Group |
|
|
Harry Chathli, Alexis Gore, Henry Gamble |
+44 (0)20 4582 3500 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name
|
Company directors/officers: 1. Charles Bond - Chairman 2. Sam Garrett - Chief Executive Officer 3. Nick Briers - Non-Executive Director 4. Stuart Greene - Non-Executive Director |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position/status |
See 1(a) above for all positions |
||||
|
b) |
Initial notification/Amendment |
Initial Notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor |
|||||
|
a) |
Name |
Great Southern Copper plc |
||||
|
b) |
LEI |
213800RF6N9WA8PZH313 |
||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument |
Ordinary Shares of 1 pence each |
||||
|
b) |
Identification code |
ISIN: GB00BLB5BF24 |
||||
|
c) |
Nature of the transactions |
Purchase of Ordinary Shares |
||||
|
d) |
Price(s) and volume(s) |
|
||||
|
e) |
Aggregated information - Aggregated volume - Price |
|
||||
|
f) |
Date of the transactions |
19 May 2023 |
||||
|
f) |
Place of the transactions |
London Stock Exchange |
||||
About Great Southern Copper
Great Southern Copper is a mineral exploration company focused on copper-gold deposits in Chile. The Company has the option to acquire rights to 100% of two projects that are prospective for large scale copper-gold deposits in the underexplored coastal belt of Chile, a globally significant mining jurisdiction and the world's largest copper producer.
The two projects comprise the San Lorenzo Project, northeast of the coastal town of La Serena in northern Chile, and the Especularita Project located approximately 170km to the south of the San Lorenzo project. The two early-stage Cu-Au exploration projects are within the same coastal metallogenic belt as other major deposits including Teck's Andacollo copper and gold mine. Significant historical small-scale and artisanal workings for both copper and gold are readily evident in both exploration project areas.
Great Southern Copper is strategically positioned to support the global market for copper, a key metal in the clean energy transition around the world. The Company is actively engaged in a two-year exploration and evaluation work programme targeting principally large tonnage, low to medium grade porphyry style Cu-Au deposits.
Further information on the Company is available on the Company's website: https://gscplc.com
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