RNS Number : 7668Z
Great Southern Copper PLC
16 January 2024
 

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)

 

Price(s)

Volume(s)

2.5862p*

302,276



 

*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

 

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