LONDON - Greatland Resources Limited (AIM:GGP, ASX:GGP) today announced the issuance of 1,760,856 new ordinary shares to the Greatland Resources Limited Employee Share Trust at A$14.11 per share.
The shares will satisfy future exercises of awards granted to employees under the company’s employee incentive schemes. The issuance represents a combination of rights which have vested and rights expected to vest on or before June 30, 2026, subject to satisfaction of employment conditions.
The company has applied to the London Stock Exchange for the shares to be admitted to trading on AIM. Admission is expected to take effect at 8:00 a.m. on or around May 26.
Following admission, Greatland’s issued share capital will comprise 674,667,361 ordinary shares, each with one voting right per share. The company holds no shares in treasury.
