Dealing in securities




Jubilee Platinum PLC

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

(“Jubilee” or “the 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 +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913
Andrew Sarosi
Tel +44 (0) 1752 221937

 

Nominated Adviser

SPARK Advisory Partners Limited
Sean Wyndham-Quin / Mark Brady
Tel: +44 (0)203 368 3555

 

Brokers

Beaufort Securities Limited
Elliot Hance/Jon Belliss
Tel +44 (0) 20 7382 8416

 

JSE Sponsor

Sasfin Capital, a division of Sasfin Bank Limited
Sharon Owens
Tel +27 (0) 11 809 7500

 

 

 


This information is provided by RNS

The company news service from the London Stock Exchange

 

END