Director Share Purchase
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM quoted precious and base metals exploration and development company was today notified of the following transactions by directors relating to their beneficial interests in the share capital of the Company.
Paul Johnson, Non-Executive Director of Greatland Gold purchased 1,500,000 ordinary shares of 0.1 pence each (“Ordinary Shares”) in the Company today at an average price of 0.276 pence per share.
Andrew Bell, Non-Executive Chairman of Greatland Gold, yesterday transferred 2,800,000 Ordinary Shares to his ISA at a price per Ordinary Share of 0.3425 pence.
Director Beneficial Holdings
Following this purchase, Paul and Michelle Johnson (Paul Johnson’s spouse) together are the beneficial holders of 60,166,667 Ordinary Shares, representing 5.05 per cent of issued share capital of the Company.
In addition, subject to shareholders approval at the General Meeting on 11 May 2016, announced on 25 April 2016, Paul Johnson has elected to accept 10,000,000 Greatland Gold Ordinary Shares in exchange for a proportion of his salary for the next 12 months (announced on 20 April 2016).
Conditional on receiving shareholder approval at the same General Meeting, Paul Johnson is also participating in the placing announced on 22 April 2016, with an acquisition of 13,333,333 Ordinary Shares at a cost of £25,000.
Subject to shareholder approval at the General Meeting and allowing for the above transactions, Paul and Michelle Johnson will then hold 83,500,000 Greatland Gold Ordinary Shares, representing 5.62 per cent of the issued share capital, enlarged as a result of the issue of Ordinary Shares issued pursuant to the placing and salary sacrifice proposal.
Paul Johnson is also a director and shareholder of Metal Tiger Plc, which has a beneficial interest in 150,000,000 Greatland Gold Ordinary Shares, representing 12.6 per cent of the issued share capital of the Company.
Andrew Bell’s beneficial interest in the Company remains unchanged at 23,737,999 Ordinary Shares, representing 1.99 per cent of the current issued share capital of the Company.
Andrew Bell is also a director and shareholder of Regency Mines Plc, which has a beneficial interest in 1,500,000 Greatland Gold Ordinary Shares, representing 0.13 per cent of the issued share capital of the Company.