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 +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
