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Granting of options to directors
Jubilee Metals Group Plc
Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or the "Company” or the “Group”)
Dissemination of a Regulatory Announcement that contains inside information according to UK
Market Abuse Regulations. Not for release, publication or distribution in whole or in part in, into or
from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations
of such jurisdiction.
Dealings
Grant of Options
Jubilee announces, following the earlier announcement confirming the appointment of Manuel Lino
Silva de Sousa Oliveira (Ollie De Sousa-Oliveira) as independent non-executive director of the Company
with immediate effect and his appointment as Chairman effective 1 June 2022, the granting of a total
of 24 500 000 options to directors in accordance with its approved Share Option Plan.
Strike price
Number of Strike price (ZAR cents)
Director Vesting date
options granted (pence) at current
exchange rates
9 000 000 26 May 2023 15 297
3 000 000 26 May 2024 19 376
3 000 000 26 May 2025 24 475
Total – Ollie Oliveira 15 000 000
2 000 000 26 May 2022 6 119
2 500 000 01 Oct 2022 7 139
3 000 000 01 Oct 2023 8 158
Total – Nicholas
7 500 000
Taylor
1 000 000 26 May 2022 10 198
1 000 000 26 May 2023 19 376
Total – Evan Kirby 2 000 000
In the cases of Ollie Oliveira and Nicholas Taylor, the options have been priced based on the market
price at the time of their appointments, with further tranches priced at a premium. The options are
valid for a period of 10 years from the date of grant. The directors do not have any current interests in
the issued capital of the Company. Following the grant of the above options, total options granted in
terms of the Company’s approved Share Option Scheme represents approximately 5.9% of the issued
capital of the Company after the issue of the Option Shares.
Related Party Transactions
The award of options to the directors are regarded as related party transactions under the AIM Rules.
Accordingly, the independent directors (being all of the directors other than Messrs Oliveira, Taylor
and Kirby) consider, having consulted with SPARK Advisory Partners Limited as nominated adviser,
that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.
United Kingdom
27 May 2022
For further information visit www.jubileemetalsgroup.com or contact:
Jubilee Metals Group PLC
Leon Coetzer
Tel: +27 (0) 11 465 1913
Nominated Adviser – SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555
Broker – Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel +44 (0) 20 7186 9900
Joint Broker - Berenberg
Matthew Armitt/Jennifer Lee/Detlir Elezi
Tel +44 (0) 20 3207 7800
Joint Broker – WHIreland
Harry Ansell/Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618
PR & IR Adviser – Tavistock
Jos Simson/ Gareth Tredway/Charles Vivian
Tel: +44 (0) 207 920 3150
United Kingdom
27 May 2022
JSE Sponsor to Jubilee
Questco Corporate Advisory Proprietary Limited
Sharon Owens
T: +27 (11) 011 9212
Notification and public disclosure of transactions by persons discharging managerial responsibilities
and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Ollie Oliveira
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 Jubilee Metals Group PLC
b) LEI 2138002XB5DB3B87SH92
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 Options
instrument, type of instrument
Identification code GB0031852162
b) Nature of the transactions Option grant
c) Price(s) and volume(s)
Price(s) Volume(s)
15.0 pence 9 000 000
19.0 pence 3 000 000
24.0 pence 3 000 000
d) Aggregated information
- Aggregated volume 15 000 000
- Purchase Price Different strike prices averaging 19.3 pence per option
- Selling price NA
e) Date of the transactions 26 May 2022
f) Place of the transactions London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Nicholas Taylor
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 Jubilee Metals Group PLC
b) LEI 2138002XB5DB3B87SH92
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 Options
instrument, type of instrument
Identification code GB0031852162
b) Nature of the transactions Option grant
c) Price(s) and volume(s)
Price(s) Volume(s)
6.0 pence 2 000 000
7.0 pence 2 500 000
8.0 pence 3 000 000
d) Aggregated information
- Aggregated volume 7 500 000
- Purchase Price Different strike prices averaging 7.5 pence per option
- Selling price NA
e) Date of the transactions 26 May 2022
f) Place of the transactions London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Evan Kirby
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 Jubilee Metals Group PLC
b) LEI 2138002XB5DB3B87SH92
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 Options
instrument, type of instrument
Identification code GB0031852162
b) Nature of the transactions Option grant
c) Price(s) and volume(s)
Price(s) Volume(s)
10.0 pence 1 000 000
19.0 pence 1 000 000
d) Aggregated information
- Aggregated volume 2 000 000
- Purchase Price Different strike prices at an average of 9.5 pence per
option
- Selling price NA
e) Date of the transactions 26 May 2022
f) Place of the transactions London Stock Exchange, AIM
Date: 27-05-2022 08:00:00
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