Jubilee Metals Regulatory News (JLP)

31 Jul 2007 09:00

Jubilee Platinum PLC31 July 2007 Jubilee Platinum Plc ("Jubilee" or "the Company") Jubilee Platinum today announces that Colin Bird, a Director and Chief Executiveofficer of the Company has agreed to release 3 million of his personal shares toa South African institution at a price of ZAR16 per share (market price). The transaction was agreed by Mr. Bird to make shares available for trading onthe JSE Limited ("JSE") with the purpose to increase liquidity in Johannesburg.Jubilee has traded on the JSE since its secondary listing in December 2006 andonly 14.28 percent of its total shareholder base is registered on the JSE. The transaction will result in Mr. Bird's holding in Jubilee being reduced bysome 33 percent and allows him to diversify his portfolio after some six yearsof intensive involvement during the private phase and the subsequent AIMlisting. Malcolm Burne, Chairman of Jubilee, said: "This transaction was agreed on thebasis of a need for South African liquidity in Jubilee without diluting Jubileeshareholders". In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, thefollowing information is disclosed: Company director: Colin BirdDate of transaction: 27 July 2007Number of shares: 3,000,000Price of shares: Rand 16Class of shares: Ordinary shares of £0.01Nature of transaction: SaleNature of interest: Direct Clearance: Clearance in terms of par. 3.66 of the JSE Listings Requirements was obtained. For further information please contact: Colin Bird Louise Goodeve/Justine Howarth Jubilee Platinum plc Parkgreen Communications LtdTel +44 (0) 20 7584 2155 Tel +44 (0) 20 7851 7480 Sponsor:Investec Bank Limited This information is provided by RNS The company news service from the London Stock Exchange