IN BRIEF: High Court greenlights Jubilee Metals share reduction plan

Jubilee Metals Group PLC - London-based metal processing company operating in Zambia - Says the High Court of Justice has approved its capital reduction plan, which will take effect once the court order confirming the plan is registered. Earlier this month, Jubilee shareholders approved the share reduction scheme, which the company sees restructuring its balance sheet in order to boost distributable reserves.

Current share price in London: 2.98 pence, up 2.8% on Wednesday morning

12-month change: down 5.7%

Current share price in Johannesburg: ZAR0.67, up 1.5%

12-month change: down 18%

By Holly Munks, Alliance News reporter

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Jubilee Metals