Grant of Options - 31 July 2012

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 27th 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

20,000,000

              5p

27th July 2013- 26th July 2017

When the Company and its subsidiaries have, in aggregate, carried in excess of 3,000,000 passengers by aircraft in the preceding 12 month period.

5,000,000

              5p

27th July 2013- 26th July 2017

When the Company and its subsidiaries have, in aggregate, carried in excess of 6,000,000 passengers by aircraft in the preceding 12 month period.

5,000,000

               5p

27th July 2013- 26th July 2017

When the company and its subsidiaries operate scheduled airline services under 'Fastjet" brand in 12 countries within the continent of Afirca.

5,000,000

               5p

27th July 2013- 26th July 2017

When the Company achieves an EBITDA of over US$1o,ooo,ooo in the preceding 12 month period.

5,000,000

               5p

27th July 2013- 26th July 2017

When the Company's volume weighted average price of it Ordinary Shares admitted to trading on AIM over a period of 60 days is greater than £0.10.

 

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

 

Posted on 31st July 2012