Grant of Options

RNS Number : 9536G

Sylvania Platinum Limited

13 June 2013

 



Sylvania Platinum Limited

 ("Sylvania" or "the Company")

 AIM (SLP)

13 June 2013

GRANT OF OPTIONS

The Company announces that it has granted 1,000,000 options over ordinary shares of $0.10 each in the Company to Mr Stuart Murray under the Sylvania Platinum Option Plan. 

The options granted have a nil exercise price and an expiry of 11 June 2023. Exercise of the options is subject to time-based vesting, with 20% of the options vesting on 12 June 2015, a further 40% of the options vesting on 12 June 2016 and the remaining 40% vesting on 12 June 2017, subject to the participant continuing to be a member of the board.

Following this transaction, Mr Murray will hold 1,000,000 options in Sylvania.

Ends

CORPORATE INFORMATION

Registered office:        Sylvania Platinum Limited

                                    Clarendon House

                                    2 Church Street

                                    Hamilton HM 11

                                    Bermuda

Postal address:            PO Box 976

                                    Florida Hills, 1716

                                    South Africa

Sylvania Website:        www.sylvaniaplatinum.com

CONTACT DETAILS

For further information, please contact:

Terence McConnachie (Chief Executive Officer)

[phone]

Nominated Advisor and Broker

Liberum Capital Limited

Michael Rawlinson/Tom Fyson/Christopher Kololian

[phone]

Communications

Newgate Threadneedle

Graham Herring/ Beth Harris

[phone]

 

END

 

 

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