Last checked at 6 Aug 2009 12:00
6 August 2009
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN GB0031852169
JUBILEE PLATINUM PLC
("Jubilee" or "the company")
Further Issue of shares re Deferred Share Agreement and K-Plats Agreement
The Company advises that application has been made to the London Stock Exchange for a total of 8,857,183 new ordinary shares of 1p each in Jubilee to be issued and admitted to trading on AIM on 7 August 2009. Of these shares, 4,960,978 are being issued following the deemed achievement of Performance Hurdle 2 of a Deferred Share Agreement, the terms of which were previously announced on 6 April 2009.
In addition, 3,896,205 new ordinary shares of 1p each are being admitted to trading in relation to a preference share subscription and sale agreement between Jubilee and K-Plats (Proprietary) Limited, as announced on 31 July 2009.
The new shares have been allotted and issued and will rank pari passu in all respects with the existing ordinary shares of the Company.
Following admission to trading of the above new shares, the total of Jubilee ordinary shares of 1p each in issue will be 129,007,437.
For further information please contact:
Colin Bird Suzanne Johnson-Walsh
/Michael Kinirons
Jubilee Platinum plc Bishopsgate Communications Ltd
Tel +27 (0) 11 253 3280 Tel +44 (0) 20 7562 3350
Andrew Sarosi Brian Christie/Leonard Eiser
Jubilee Platinum plc Sasfin Capital
Tel +44 (0) 1752 221937 Tel +27 (0) 11 809 7500
Clive Carver/Rose Herbert
FinnCap
Tel +44 (0) 20 7600 1658