Dealing in securities

RNS Number : 8820Y

Jubilee Platinum PLC

20 May 2016

 

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

20 May 2016

Jubilee Platinum PLC

("Jubilee" or "Company")

Dealing in securities

Jubilee Platinum plc (AIM: JLP, AltX: JBL) announces that, in relation to its Share Option Plan 2016 as approved by shareholders at the General Meeting held on Friday, 29 April 2016, the Board has agreed the award of options at the option prices designated in the table below for an exercise period of 10 years and which replaces all options previously held.

Strike price		Par Value	3.5p	4p	6p
Leon Coetzer		7,000,000	8,000,000	4,000,000	4,000,000
Colin Bird		5,000,000	4,000,000	2,000,000	2,000,000
Andrew Sarosi		3,000,000	3,000,000	2,000,000	2,000,000
Chris Molefe		-	500,000	500,000	500,000
Dr Matthews Phosa		-	500,000	500,000	500,000

Colin Bird Chairman says:" It is some two years since the company's directors and management share option scheme expired. A new share option scheme was agreed by shareholders on the 29th of April 2016. In awarding these options the Board was cognisant of the efforts and personal motivation directed towards the Company's objectives by all members of the board and staff. The Board advises shareholders that some 4.05% of the Company's current issued capital has been reserved for the possible grant of options to high calibre staff that may be recruited to meet our planned growth. This is consistent with the Company's mid-term strategy to preserve and promote value for the Company's shareholders. "

Contacts

Jubilee Platinum plc

Colin Bird/Leon Coetzer 
Tel [phone] / Tel [phone] 
Andrew Sarosi
Tel [phone]

Nominated Adviser

SPARK Advisory Partners Limited
Sean Wyndham-Quin / Mark Brady
Tel: [phone]

Brokers

Beaufort Securities Limited
Elliot Hance/Jon Belliss
Tel [phone]

JSE Sponsor

Sasfin Capital, a division of Sasfin Bank Limited 
Sharon Owens
Tel [phone]

 

 

END

 

 

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