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Grant of Options

13th Jun 2013 07:00

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)

+44 777 533 7175

 

Nominated Advisor and Broker

Liberum Capital Limited

Michael Rawlinson/Tom Fyson/Christopher Kololian

+44 (0) 20 3100 2000

 

Communications

Newgate Threadneedle

Graham Herring/ Beth Harris

+44 (0) 20 7653 9850

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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