Greatland Resources Lists on ASX 200 as UK Scheme Becomes Effective

June 23, 2025 04:55 PM AEST | By Team Kalkine Media

Greatland Resources Lists on ASX 200 as UK Scheme Becomes Effective — Image source: Shutterstock

Admission to ASX and AIM Confirmed

Following confirmation of the UK Scheme’s effectiveness, Greatland Resources has now been admitted to both the Australian Securities Exchange and the London Stock Exchange’s AIM platform. Trading in the company’s ordinary shares began on AIM at the start of the current trading session, while trading on the ASX is scheduled to begin on a standard settlement basis.

This dual listing supports greater access to capital and reflects the company's operational base in Western Australia, with further project developments underway in the region.

Cancellation of Greatland Gold Listing and New Share Allocations

In line with the reorganisation, the listing of Greatland Gold plc shares on AIM has now been cancelled. A new total of over six hundred million Ordinary Shares in Greatland Resources have been issued, forming the updated capital base for the group.

Several directors and persons discharging managerial responsibilities (PDMRs) have been allocated Ordinary Shares through the scheme or related offer. These include individuals such as Shaun Day, Mark Barnaba, and Elizabeth Gaines, with the share allocations reflecting their prior holdings and participation in the transition.

Equity Plan Adjustments and Warrant Re-Issuance

The restructure also involved the cancellation of legacy options and performance share rights in Greatland Gold. These rights will be reissued through the newly established Greatland Resources Legacy Long Term Incentive Plan under substantially similar terms.

Furthermore, Greatland has cancelled previously issued warrants held by Wyloo Consolidated Investments Pty Ltd and will issue new replacement warrants on an adjusted basis. These new instruments reflect the share consolidation executed as part of the scheme.

Focus Shifts to Growth and Feasibility Delivery

According to the company's Managing Director, the restructure and successful capital raising will allow Greatland Resources to build on its operational momentum, particularly at its Telfer operations. The team is now preparing to advance its development timeline with the delivery of the Havieron Feasibility Study scheduled later this year.

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