TIDMJLP

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         Vesting         Strike       Strike price 
                      options granted       date       price (pence)    (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: +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

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                    Ollie Oliveira 
      --------------------------------------  ---------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------- 
 a)    Position/status                         Non-Executive Director 
      --------------------------------------  ---------------------------------------- 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  ---------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------- 
 a)    Name                                    Jubilee Metals Group PLC 
      --------------------------------------  ---------------------------------------- 
 b)    LEI                                     2138002XB5DB3B87SH92 
      --------------------------------------  ---------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                      Options 
        financial 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 
 
                                          15 000 000 
    *    Aggregated volume 
                                          Different strike prices averaging 
    *    Purchase Price                    19.3 pence per option 
                                           NA 
 
    *    Selling price 
 
 e)    Date of the transactions                26 May 2022 
      --------------------------------------  ---------------------------------------- 
 f)    Place of the transactions               London Stock Exchange, AIM 
      --------------------------------------  ---------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Nicholas Taylor 
      ---------------------------------------  ---------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------- 
 a)    Position/status                          Non-Executive Director 
      ---------------------------------------  ---------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ---------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                                     Jubilee Metals Group PLC 
      ---------------------------------------  ---------------------------------------- 
 b)    LEI                                      2138002XB5DB3B87SH92 
      ---------------------------------------  ---------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Options 
        financial 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 
 
                                           7 500 000 
    *    Aggregated volume 
                                           Different strike prices averaging 
    *    Purchase Price                     7.5 pence per option 
                                            NA 
 
    *    Selling price 
 
 e)    Date of the transactions                 26 May 2022 
      ---------------------------------------  ---------------------------------------- 
 f)    Place of the transactions                London Stock Exchange, AIM 
      ---------------------------------------  ---------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                    Evan Kirby 
      --------------------------------------  -------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                         Non-Executive Director 
      --------------------------------------  -------------------------------------------- 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  -------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------ 
 a)    Name                                    Jubilee Metals Group PLC 
      --------------------------------------  -------------------------------------------- 
 b)    LEI                                     2138002XB5DB3B87SH92 
      --------------------------------------  -------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                      Options 
        financial 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 
 
                                          2 000 000 
    *    Aggregated volume 
                                          Different strike prices at an average 
    *    Purchase Price                    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 
      --------------------------------------  -------------------------------------------- 
 

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END

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May 27, 2022 02:01 ET (06:01 GMT)

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