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.
16 January 2024
Great Southern Copper plc
("GSC" or the "Company")
Issue of Shares and Director/PDMR Shareholdings
Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold and lithium exploration in Chile, announces that it has issued new ordinary shares of 1p each ("New Ordinary Shares") to Charles Bond, Chairman of Great Southern Copper, in accordance with the terms of Mr. Bond's letter of appointment whereby it was agreed his salary will be paid quarterly in ordinary shares.
The New Ordinary Shares represent the share compensation due from 1 October 2023 to 31 December 2023. A total of 302,276 New Ordinary Shares have been issued. The details of the issuance are set out below:
| Period | Value of share issuance GBP£ | Number of new ordinary shares issued | Number of new ordinary shares held following the issuance | Percentage of the enlarged ordinary share capital |
|
1/10/2023 - 31/12/2023
|
£7,817 |
302,276 |
4,263,644 |
1.24% |
Admission and Total Voting Rights
Application will be made for the 302,276 New Ordinary Shares, which will rank pari passu in all respects with the existing ordinary shares in the Company, to be admitted to the Standard List segment of Official List and to trading on the main market of the London Stock Exchange plc, which is expected to occur on or around 8.00 a.m. on 16 January 2024 ("Admission").
The total number of issued shares and the total number of voting rights in the Company is 343,491,487. 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 (0)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 | Charles Bond
| ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Chairman | ||||||
| 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, type of instrument
Identification code | Ordinary shares of 1 pence each
GB00BLB5BF24 | ||||||
| b) | Nature of the transaction
| Shares issued in lieu of salary
| ||||||
| c) | Price(s) and volume(s)
|
*weighted average share price from 1 October 2023 to 31 December 2023
| ||||||
| e) | Date of the transaction
| 16 January 2024
| ||||||
| f) | Place of the transaction | Outside of trading venue - issued of new ordinary shares | ||||||
About Great Southern Copper
Great Southern Copper PLC is a UK-listed mineral exploration company focused on the discovery of copper-gold and lithium deposits in Chile. The Company has the option to acquire rights to 100% of two projects in the under-explored coastal belt of Chile that are prospective for large scale copper-gold deposits. In addition, the Company has the option to acquire rights to 100% of a lithium project located in the Salar de Atacama district of Chile. Chile is a globally significant mining jurisdiction being the world's largest copper producer and the second-largest producer of lithium.
The two, early-stage Cu-Au projects comprise the San Lorenzo and Especularita Projects, both located in the coastal metallogenic belt of Chile which hosts significant copper mines and deposits, including Teck's Carmen de Andacollo copper mine, and boasts excellent access to infrastructure such as roads, power and ports. Significant historical small-scale and artisanal workings for both copper and gold are readily evident in both exploration project areas.
The Company's Monti Lithium project is strategically located in the pre-Andean region of Salar de Atacama which is Chile's premier lithium-producing region with well-established lithium mining operations and infrastructure.
Great Southern Copper is strategically positioned to support the global market for copper and lithium - both critical battery metals in the clean energy transition around the world. The Company is actively engaged in exploration and evaluation work programmes targeting both large tonnage, low to medium grade Cu-Au and Li deposits as well as high-grade Cu-Au deposits.
Further information on the Company is available on the Company's website: https://gscplc.com
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.