Granting of Options

RNS Number : 0012N

Jubilee Metals Group PLC

27 May 2022

 

Registration number (4459850)

Altx share code: JBL

AIM share code: JLP

ISIN: GB0031852162

Jubilee Metals Group PLC

("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.

Director	Number of options granted	Vesting date	Strike price (pence)	Strike price (ZAR cents) 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 Taylor	7 500 000
	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:  [phone]

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/James Keeshan

Tel: [phone]

Broker - Shard Capital Partners LLP

Damon Heath/Erik Woolgar

Tel [phone]

Joint Broker - Berenberg

Matthew Armitt/Jennifer Lee/Detlir Elezi

Tel [phone]

Joint Broker - WHIreland

Harry Ansell/Katy Mitchell

Tel: [phone]

JSE Sponsor - Questco Corporate Advisory Proprietary Limited

Sharon Owens

Tel: [phone]

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway/Charles Vivian

Tel: [phone]

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 instrument, type of instrument	Options
	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 -  Selling price	Different strike prices averaging 19.3 pence per option 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 instrument, type of instrument	Options
	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 -  Selling price	Different strike prices averaging 7.5 pence per option 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 instrument, type of instrument	Options
	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 -  Selling price	Different strike prices at an average of 9.5 pence per option NA
e)	Date of the transactions	26 May 2022
f)	Place of the transactions	London Stock Exchange, AIM

 

END

 

 

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