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JUBILEE PLATINUM PLC - Dealing in securities

Release Date: 20/05/2016 13:30
Code(s): JBL     PDF:  
Wrap Text
Dealing in securities

Jubilee Platinum PLC
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
 ("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


20 May 2016
johannesburg

Date: 20/05/2016 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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