Last checked at 19 Feb 2013 12:15
Jubilee Platinum plc
(Registration number 4459850)
JSE share code: JBL
AIM share code: JLP
ISIN: GB0031852162
19 February 2013
Jubilee Platinum PLC
("Jubilee" or the "Company")
Update regarding the proposed merger between Jubilee and Platinum Australia Ltd ("PLA") and renewal of cautionary announcement
Jubilee Platinum, the AIM and JSE Limited quoted mine-to-metal specialist, is pleased to announce that, further to previously announced cautionary announcements, the most recent of which was announced on 5 February 2013, all transactional documents for the proposed merger ("Merger") by Jubilee with PLA, have been finalised for execution save for the finalisation of the PLA creditors' compromise arrangements which are expected to be concluded within the next 72 hours. A further announcement will be made upon completion of execution by both parties.
The projected completion date of the Merger remains unchanged for mid-May 2013.
Shareholders are advised to continue to exercise caution when dealing in their securities until a further detailed announcement is made.
Contacts
Jubilee Platinum plc
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0)11 465 1913
Andrew Sarosi
Tel +44 (0) 1752 221937
finnCap Ltd
Matthew Robinson/Ben Thompson - corporate finance
Joanna Weaving - corporate broking
Tel +44 (0) 20 7220 0500
Shore Capital Stockbrokers Limited (Joint Broker)
Jerry Keen/Edward Mansfield
Tel: +44 (0) 20 7 408 4090
Sasfin Capital
Leonard Eiser/Sharon Owens
Tel +27 (0) 11 809 7500
Bishopsgate Communications Ltd
Nick Rome/Anna Michniewicz/Ivana Petkova
Tel +44 (0) 20 7562 3350