Rubicon Diversified Investments PLC Grant of Options (8531I)
July 31 2012 - 2:02AM
UK Regulatory
TIDMRUBI
RNS Number : 8531I
Rubicon Diversified Investments PLC
31 July 2012
Rubicon Diversified Investments Plc ("Rubicon" or the
"Company")
Grant of Options
The Board of Rubicon announces today the grant by the Company on
27(th) July 2012 of options over, in aggregate, 40,000,000 ordinary
shares of 1p each in the share capital of the Company to Edward
Winter, Executive Director and Chief Executive Officer of the
Company, as follows:
No. Options Granted Exercise Price Exercise Period Performance Target
-------------------- --------------- ------------------ -------------------------
When the Company
and its subsidiaries
have, in aggregate,
carried in excess
of 3,000,000 passengers
27(th) July 2013 by aircraft in
- the preceding
20,000,000 5p 26(th) July 2017 12 month period.
-------------------- --------------- ------------------ -------------------------
When the Company
and its subsidiaries
have, in aggregate,
carried in excess
of 6,000,000 passengers
27th July 2015 by aircraft in
- the preceding
5,000,000 5p 26th July 2017 12 month period.
-------------------- --------------- ------------------ -------------------------
When the Company
and its subsidiaries
operate scheduled
airline services
under the 'Fastjet'
27th July 2015 brand in 12 countries
- within the continent
5,000,000 5p 26th July 2017 of Africa.
-------------------- --------------- ------------------ -------------------------
When the Company
achieves an EBITDA
27th July 2015 of over US$10,000,000
- in the preceding
5,000,000 5p 26th July 2017 12 month period.
-------------------- --------------- ------------------ -------------------------
When the Company's
volume weighted
average price
of its Ordinary
Shares admitted
to trading on
27th July 2015 AIM over a period
- of 60 days is
5,000,000 5p 26th July 2017 greater than GBP0.10.
-------------------- --------------- ------------------ -------------------------
David Lenigas, Rubicon's Executive Chairman stated:
"The Company is very pleased to have secured the full time
services of Ed Winter, whose experience in the Low Cost aviation
sector will be invaluable to Rubicon's business plans for launching
FastJet in Africa. To drive the business forward at the pace the
Company demands, he has now been incentivised with a share options
package that rewards him for achieving ambitious passenger growth,
EBITDA and share price targets."
For further information please contact:
Rubicon Diversified Investments Plc Tel: +44 (0) 20 7887 1421
Ed Winter
David Lenigas
Geoffrey White
Richard Blakesley
Citigate Dewe Rogerson (on behalf of Rubicon and FastJet) Tel:
+44 (0) 20 7638 9571
Angharad Couch
Sally Marshak
Eleni Menikou
W.H. Ireland Tel: +44 (0) 20 7220 1666
James Joyce
Nick Field
This information is provided by RNS
The company news service from the London Stock Exchange
END
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