13 Jun 2013 07:00
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Sylvania Platinum Limited
Β ("Sylvania" or "the Company")
Β AIM (SLP)
13 June 2013
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GRANT OF OPTIONS
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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.
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The options granted have a nil exercise price and an expiry of 11 June 2023.Β 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.
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Following this transaction, Mr Murray will hold 1,000,000 options in Sylvania.
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Ends
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CORPORATE INFORMATION
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Registered office: Sylvania Platinum Limited
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Postal address: PO Box 976
Florida Hills, 1716
South Africa
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Sylvania Website: www.sylvaniaplatinum.com
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CONTACT DETAILS
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For further information, please contact:
Terence McConnachie (Chief Executive Officer)
+44 777 533 7175
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Nominated Advisor and Broker
Liberum Capital Limited
Michael Rawlinson/Tom Fyson/Christopher Kololian
+44 (0) 20 3100 2000
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Communications
Newgate Threadneedle
Graham Herring/ Beth Harris
+44 (0) 20 7653 9850
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