Last checked at 6 Mar 2024 15:00
Jubilee Metals Group PLC
Registration number: 4459850
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
Jubilee Metals Group PLC (Jubilee or the Company)
Dissemination of a Regulatory Announcement that contains inside information according to UK Market Abuse Regulations. Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.
Exercise of Options
Jubilee, a leading diversified metals processor in Africa, with a substantial contribution to global chrome concentrate production in South Africa and expanding copper operations in Zambia, announces that it received notification today, from an option holder to exercise 9 million options at an average price of 2.11 pence per option (the "Option Shares").
The Option Shares are issued as fully paid and rank pari passu in all respects with the existing ordinary shares, including the right to receive all dividends and other distributions declared on or after the date on which they are issued.
Admission and total voting rights
The Option Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about 12 March 2024 ("Admission") and will rank pari passu with the ordinary shares of the Company in issue.
The Company's total issued capital, after the issue of the Option Shares, will be 2 983 493 617 ordinary shares. As the Company does not hold any shares in treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission.
United Kingdom
6 March 2024
For further information, visit www.jubileemetalsgroup.com, follow Jubilee on Twitter (@Jubilee_Metals) or contact:
Jubilee Metals Group PLC
Leon Coetzer (CEO)/Neal Reynolds (CFO)
Tel: +27 (0) 11 465 1913
Nominated adviser - SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555
Public Relations and Investor Relations adviser - Tavistock
Jos Simson/Gareth Tredway
Tel: +44 (0) 20 7920 3150
Joint broker?- Berenberg
Matthew Armitt/Jennifer Lee/Detlir Elezi
Tel: +44 (0) 20 3207 7800
Joint broker - WHIreland
Harry Ansell/Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618
JSE sponsor - Questco Corporate Advisory Proprietary Limited
Alison McLaren
Tel: +27 (0) 11 011 9207
About Jubilee
Jubilee is a low-cost, diversified producer, specialising in the recovery and processing of metals from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials and tailings in Zambia and South Africa. The Company's low-capex, modular processing facilities are deployed close to these various types of material, producing high grade concentrates for sale or further refining to finished metal at the Company's downstream facilities. Production currently consists of copper, chrome, and platinum group metals (PGMs). The modular processing facilities offer a platform for growth and the rapid expansion of Jubilee's operational footprint in Zambia and South Africa. Jubilee's success is derived from operational and technical excellence, a highly experienced management team and a pioneering Technical Development Centre.