Rubicon Diversified Investments PLC Grant of Options (8531I)

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: [phone] 

Ed Winter

David Lenigas

Geoffrey White

Richard Blakesley

Citigate Dewe Rogerson (on behalf of Rubicon and FastJet) Tel: [phone]

Angharad Couch

Sally Marshak

Eleni Menikou

   W.H. Ireland                                              Tel: [phone] 

James Joyce

Nick Field

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSSDAFMSFESEEW