Announcement PDF RNS Number : 8980O Great Southern Copper PLC 06 October 2023 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. 06 October 2023 Great Southern Copper plc ("GSC" or the "Company") Conditional Grant of Share Options Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold and lithium exploration in Chile, announces that pursuant to its Share Option Plan 2023 ("2023 SOP"), as approved at the Company's Annual General Meeting, the Board has approved the conditional grant of 22.5 million share options priced at 1p to Directors and employees of the Company. The share options have been granted on the recommendation of the Remuneration Committee and are subject to the publication of a prospectus approved by the Financial Conduct Authority. The share options have been conditionally granted as follows: Name Role Charles Bond Chairman Sam Garrett Chief Executive Officer Chief Financial Officer Non-executive Director Non-executive Director Country Manager and geologists Martin Page Nicholas Briers Stuart Greene Employees Number of options granted 2,500,000 Exercise price 1p Total options held post issue 3,763,194 8,000,000 1p 10,021,111 5,000,000 1p 5,000,000 1,500,000 1p 2,257,917 1,500,000 1p 2,257,917 4,000,000 1p 6,101,956 Conditional upon continuing employment with the Company, the options will vest in equal tranches over three years from grant: one third after 12 months, one third after 24 months and one third after 36 months. There are no other vesting conditions. Following this award, and once the grant of these new options becomes unconditional, assuming no other share issuance other than the issue of 41,749,995 Ordinary 1p shares to be issued on the conversion of the Convertible Loan as announced in the fundraising announcement of 15 May 2023, the Company will have 29,402,094 share options in issue under the existing share option schemes, representing 9.9% of the existing issued share capital of the Company. Notification and public disclosure of transactions by persons managerial responsibilities and persons closely associated with them. 1 a) 2 a) b) 3 a) b) 4 a) Details of the person discharging managerial responsibilities/person closely associated Name Charles Bond Reason for the notification Position/status Chairman Initial notification/ Initial Notification Amendment Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Great Southern Copper plc LEI 213800RF6N9WA8PZH313 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 Description of the financial instrument, type of instrument b) Identification code Nature of the transaction c) Price(s) and volume(s) d) Aggregated information Ordinary shares of no par value GB00BLB5BF24 Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Bond holds 3,763,194 options to purchase ordinary shares. Price(s) 1p Volume(s) 2,500,000 Aggregated volume - Price 1p e) Date of the transaction 5 October 2023 Note: the Company is not considered in a close period at the time of this transaction. f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities/person closely associated Name Sam Garrett Reason for the notification Position/status Chief Executive Officer Initial notification/ Initial Notification Amendment Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Great Southern Copper plc a) 2 a) b) 3 a) discharging b) 4 LEI 213800RF6N9WA8PZH31 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 b) Identification code Nature of the transaction c) Price(s) and volume(s) d) Aggregated information Ordinary shares of no par value GB00BLB5BF24 Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Garrett holds 10,021,111 options to purchase ordinary shares. Price(s) 1p Volume(s) 8,000,000 Aggregated volume - Price 1p e) Date of the transaction 5 October 2023 Note: the Company is not considered in a close period at the time of this transaction. f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities/person closely associated Name Martin Page Reason for the notification Position/status Chief Financial Officer Initial notification/ Initial Notification Amendment Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Great Southern Copper plc LEI 213800RF6N9WA8PZH31 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) 2 a) b) 3 a) b) 4 a) Description of the financial instrument, type of instrument b) Identification code Nature of the transaction c) Price(s) and volume(s) d) Aggregated information Ordinary shares of no par value GB00BLB5BF24 Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Page holds 5,000,000 options to purchase ordinary shares. Price(s) 1p Aggregated volume e) Price Date of the transaction 1p 5 October 2023 Volume(s) 5,000,000 Note: the Company is not considered in a close period at the time of this transaction. f) Place of the transaction 1 Details of the person discharging managerial responsibilities/person closely associated Name Nicholas Briers Reason for the notification Position/status Non-executive Director Initial notification/ Initial Notification Amendment Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Great Southern Copper plc LEI 213800RF6N9WA8PZH31 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) 2 a) b) 3 a) b) 4 a) Description of the financial instrument, type of instrument b) Identification code Nature of the transaction c) Price(s) and volume(s) d) Aggregated information Outside a trading venue Ordinary shares of no par value GB00BLB5BF24 Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Briers holds 2,257,917 options to purchase ordinary shares. Price(s) 1p Volume(s) 1,500,000 Aggregated volume - Price 1p e) Date of the transaction 5 October 2023 Note: the Company is not considered in a close period at the time of this transaction. f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities/person closely associated Name Stuart Greene Reason for the notification Position/status Non-executive Director Initial notification/ Initial Notification Amendment Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Great Southern Copper plc LEI 213800RF6N9WA8PZH31 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) 2 a) b) 3 a) b) 4 a) Description of the financial instrument, type of Ordinary shares of no par value instrument b) Identification code Nature of the transaction c) Price(s) and volume(s) d) Aggregated information GB00BLB5BF24 Award of option to purchase ordinary shares of the Company. Following the transaction, Mr Greene holds 2,257,917 options to purchase ordinary shares. Price(s) 1p Volume(s) 1,500,000 Aggregated volume - Price 1p e) Date of the transaction 5 October 2023 Note: the Company is not considered in a close period at the time of this transaction. f) Place of the transaction Outside a trading venue Contact Details: Great Southern Copper plc Sam Garrett, Chief Executive Officer +44 (0) 20 4582 3500 SI Capital Limited Nick Emerson +44 (0) 1483 413500 Gracechurch Group Harry Chathli, Alexis Gore, Henry Gamble +44 (0) 20 4582 3500 Notes for Editors: About Great Southern Copper Great Southern Copper is a mineral exploration company focused on copper-gold and lithium deposits in Chile. The Company has the option to acquire rights to 100% of three projects that are prospective for large scale copper-gold deposits and lithium brine deposits. Chile is a globally significant mining jurisdiction being recognised as the world's largest copper producer and the second largest producer of lithium. The three projects comprise the San Lorenzo and Especularita Cu-Au Projects, located in the central north of Chile, and the Monti Lithium Project located in the Salar de Atacama. 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 smallscale 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 and lihium, both key 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 deposits as well as lithium brine and lithium clay-hosted deposits. Further information on the Company is available on the Company's website: https://gscplc.com This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.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. 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