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Management Admin

Meridian Announces Notification of Transactions of Persons Discharging Managerial Responsibilities

By The Northwire Desk — AI Analysis Jul 10, 2026 · 05:07 MNO · 1.65 Meridian Mining PLC
MNO · Price

Meridian Mining PLC announced on July 9, 2026, that it had granted conditional share awards under its Omnibus Incentive Plan to its Chief Executive Officer, Chief Financial Officer, Chairman, and several Non-Executive Directors. The grants, which include Restricted Share Units (RSUs), Performance Share Units (PSUs), and Deferred Share Units (DSUs), are subject to specific vesting conditions, including continued employment, performance metrics, and post-vesting holding periods for executive awards. This release serves as a regulatory notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs) in compliance with UK Market Abuse Regulation.

The share quantities were calculated using a valuation price of CAD 1.70 / GBP £0.92. Executive awards were granted to Gilbert Clark, CEO, and David Halkyard, CFO, with vesting scheduled for the third anniversary of the grant date. Clark was granted 166,481 RSUs and 332,963 PSUs. The RSUs, valued at 50% of his salary, vest conditional on employment and performance. The PSUs, valued at 100% of his salary, vest conditional on employment, 75% relative total shareholder return (vs. peer group), and 25% strategic/operational targets. Any unsold vested shares are subject to a two-year post-vesting holding period.

Halkyard received 107,796 RSUs and 215,593 PSUs. His RSUs, valued at 37.5% of his salary, vest conditional on employment and performance. His PSUs, valued at 75% of his salary, vest conditional on employment, 75% relative total shareholder return, and 25% strategic/operational targets.

Director awards were granted to Chairman Bruce McLeod and Non-Executive Directors Susanne Sesselmann, Douglas Ford, Neil Gregson, Carlos Vilhena, and Felipe Holzhacker Alves. McLeod was granted 66,592 DSUs, while each of the Non-Executive Directors was granted 33,296 DSUs. These DSUs are valued at 50% of the relevant director's annual fee and vest in 12 equal monthly installments conditional on continued engagement, with payout occurring only upon departure from the Board.

Read the original news release →

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