REG - Jubilee Metals Group - Granting of Options

Jubilee MetalsAnnouncement

27/05/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220527:nRSa0012Na&default-theme=true

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
(http://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

 

JSE Sponsor - Questco Corporate Advisory Proprietary Limited

Sharon Owens

Tel: +27 (11) 011 9212

 

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway/Charles Vivian

Tel: +44 (0) 207 920 3150

 

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                                         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 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                                         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 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                                         Different strike prices at an average of 9.5 pence per option

                                                                   NA

      -     Selling price

 e)   Date of the transactions                                     26 May 2022

 f)   Place of the transactions                                    London Stock Exchange, AIM

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHEAPSKAAAAEFA