What PDMR share awards did Meridian Mining (OTCQX: MRRDF) announce on 10 July 2026?

Meridian Mining announced grants of RSUs, PSUs and DSUs to its CEO, CFO, chairman and non-executive directors. According to Meridian, awards were made on 9 July 2026 under the Omnibus Incentive Plan and are subject to standard vesting and service conditions.

At what reference price were Meridian Mining’s July 2026 share awards calculated?

The awards were calculated using a reference price of CAD1.70 or GBP£0.92 per share. According to Meridian, this price was applied by the Remuneration Committee when determining the number of shares underlying the RSU, PSU and DSU awards granted to PDMRs.

Meridian Announces Notification of Transactions of Persons Discharging Managerial Responsibilities

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Meridian Mining (OTCQX: MRRDF) granted conditional share awards on 9 July 2026 under its Omnibus Incentive Plan to directors and other persons discharging managerial responsibilities. Awards comprise restricted share units (RSUs), performance share units (PSUs) and deferred share units (DSUs), calculated using a reference price of CAD1.70/GBP£0.92.

The CEO, Gilbert Clark, received 166,481 RSUs and 332,963 PSUs; the CFO, David Halkyard, 107,796 RSUs and 215,593 PSUs. Chairman Bruce McLeod received 66,592 DSUs, while five non-executive directors each received 33,296 DSUs. RSUs and PSUs generally vest after three years; DSUs vest monthly and settle when a director leaves the Board.

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07/10/2026 - 05:06 AM

London, United Kingdom--(Newsfile Corp. - July 10, 2026) - Meridian Mining plc (LSE: MNO) (TSX: MNO) (FSE: N2E0) (Tradegate: N2E0) (OTCQX: MRRDF) ("Meridian" or the "Company") announces that, on 9 July 2026 it granted the following conditional share awards under the Meridian Mining Omnibus Incentive Plan (the "Omnibus Plan") to the following Directors and persons discharging managerial responsibilities ("PDMRs"). Awards take the form of restricted share units ("RSUs"), performance share units ("PSUs") or deferred share units ("DSUs"), as explained below.

Name	Role	Award type	Number of shares under award
Gilbert Clark	CEO	RSU	166,481
Gilbert Clark	CEO	PSU	332,963
David Halkyard	CFO	RSU	107,796
David Halkyard	CFO	PSU	215,593
Bruce McLeod	Chairman	DSU	66,592
Susanne Sesselmann	Non-executive director	DSU	33,296
Douglas Ford	Non-executive director	DSU	33,296
Neil Gregson	Non-executive director	DSU	33,296
Carlos Vilhena	Non-executive director	DSU	33,296
Felipe Holzhacker Alves	Non-executive director	DSU	33,296

In calculating the number of shares in the Company over which these awards have been granted, the Remuneration Committee of the Company has applied the price of CAD1.70/GBP£0.92.

Any shares that vest under the CEO's RSU or PSU which are not sold to pay tax and social security liabilities will be subject to a two-year post-vesting holding period.

RSUs

The Company's remuneration committee (the "Committee") has granted RSUs at 50% of salary for the CEO and 37.5% of salary for the CFO.

RSUs will normally vest on the third anniversary of grant conditional upon the relevant individual's continued employment and the Committee's determination that the vesting outcome appropriately reflects the Company's underlying performance and progress during the relevant vesting period.

PSUs

The Committee has granted PSUs at 100% of salary for the CEO and 75% of salary for the CFO.

PSUs will normally vest on the third anniversary of grant conditional upon the relevant individual's continued employment and the Committee's determination of performance against a combination of the following measures:

relative total shareholder return (75%) against a bespoke peer group of similar companies based on development stage/advanced exploration copper and copper-gold focused businesses; and
strategic/operational targets (25%).

DSUs

The Committee has granted DSUs at 50% of the relevant director's annual fee.

DSUs will normally vest in twelve equal monthly instalments conditional upon the relevant individual's continued engagement. The actual payout or settlement of a DSU is only applicable once a Director leaves the Board.

The relevant notifications set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.

On behalf of the Board of Directors of Meridian Mining plc

Mr. Gilbert Clark - CEO and Director
Meridian Mining plc
8th Floor, 4 More London Riverside
London SE1 2AU
United Kingdom
Email: info@meridianmining.co
Ph: +44 (0) 203 930 3145 (GMT)

Media Enquiries:
Gareth Tredway / Saskia Sizen
Tel: +44 (0) 207 920 3150
Email: meridianmining@tavistock.co.uk
Stay up to date by subscribing for news alerts here: https://meridianmining.co/contact/
Follow Meridian on X: https://X.com/MeridianMining
Further information can be found at: www.meridianmining.co

NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Donald (Bruce) McLeod
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Meridian Mining plc
b)	LEI	984500EB404A37FD8886
4	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	Ordinary Shares of EUR 0.01 each

	Identification code	GB00BVPND783

b)	Nature of the transaction	Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	66,592

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	9 July 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Susanne Sesselmann
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Meridian Mining plc
b)	LEI	984500EB404A37FD8886
4	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	Ordinary Shares of EUR 0.01 each

	Identification code	GB00BVPND783

b)	Nature of the transaction	Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	33,296

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	9 July 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Douglas Ford
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Meridian Mining plc
b)	LEI	984500EB404A37FD8886
4	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	Ordinary Shares of EUR 0.01 each

	Identification code	GB00BVPND783

b)	Nature of the transaction	Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	33,296

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	9 July 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Gregson
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Meridian Mining plc
b)	LEI	984500EB404A37FD8886
4	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	Ordinary Shares of EUR 0.01 each

	Identification code	GB00BVPND783

b)	Nature of the transaction	Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	33,296

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	9 July 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Carlos Vilhena
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Meridian Mining plc
b)	LEI	984500EB404A37FD8886
4	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	Ordinary Shares of EUR 0.01 each

	Identification code	GB00BVPND783

b)	Nature of the transaction	Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	33,296

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	9 July 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Felipe Holzhacker Alves
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Meridian Mining plc
b)	LEI	984500EB404A37FD8886
4	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	Ordinary Shares of EUR 0.01 each

	Identification code	GB00BVPND783

b)	Nature of the transaction	Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	33,296

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	9 July 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gilbert Clark
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Meridian Mining plc
b)	LEI	984500EB404A37FD8886
4	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	Ordinary Shares of EUR 0.01 each

	Identification code	GB00BVPND783

b)	Nature of the transaction	Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	332,963
			Nil consideration	166,481
d)	Aggregated information

	- Aggregated volume	499,444

	- Price	N/A

e)	Date of the transaction	9 July 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Halkyard
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Meridian Mining plc
b)	LEI	984500EB404A37FD8886
4	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	Ordinary Shares of EUR 0.01 each

	Identification code	GB00BVPND783

b)	Nature of the transaction	Grant of an award under the Meridian Mining Omnibus Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	107,796
			Nil consideration	215,593
d)	Aggregated information

	- Aggregated volume	323,389

	- Price	N/A

e)	Date of the transaction	9 July 2026
f)	Place of the transaction	Outside a trading venue

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304688

FAQ

How many RSUs and PSUs did Meridian Mining CEO Gilbert Clark receive (MRRDF)?

CEO Gilbert Clark received 166,481 RSUs and 332,963 PSUs. According to Meridian, any vested shares not sold to cover tax and social security will be subject to a two-year post-vesting holding period, aligning part of his remuneration with long-term shareholder outcomes.

What are the vesting conditions for Meridian Mining RSUs and PSUs granted in July 2026?

RSUs and PSUs generally vest on the third anniversary of grant. According to Meridian, vesting requires continued employment and Remuneration Committee assessment of company performance, including relative total shareholder return and strategic/operational targets for PSUs, before any payout occurs.

How are Meridian Mining (MRRDF) non-executive directors compensated with DSUs?

Non-executive directors received DSUs equal to 50% of their annual fee. According to Meridian, DSUs normally vest in twelve equal monthly instalments, with actual payout or settlement only occurring once a director leaves the Board, deferring compensation into equity-linked units.

What performance measures determine Meridian Mining PSU vesting for the CEO and CFO?

PSU vesting depends on relative total shareholder return and strategic/operational targets. According to Meridian, 75% of the PSU outcome is based on relative TSR versus a bespoke copper and copper-gold peer group, and 25% on specified strategic and operational measures.