Jubilee Metals Group PLC Granting of Options (0012N)
27 Mayo 2022 - 1:01AM
UK Regulatory
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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