Last checked at 17 Jun 2011 14:30
17 June 2011
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162
JUBILEE PLATINUM PLC
("Jubilee" or "the Company")
SHAREHOLDER UPDATE AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Further to the announcement dated 20 May 2011, in which Jubilee advised that it had received an approach and held discussions regarding the making of a possible offer for the Company, Jubilee advises that due to current market conditions both parties have ended talks regarding a merger of the two entities. However, discussions continue with regards to the formation of strategic joint ventures for the co-funding of Jubilee's short and medium term business plan whilst ensuring that Jubilee retains its exclusive processing rights to the ConRoast process.
Shareholders are referred to the cautionary announcement published on 20 May 2011 and are advised that as the subject matter of the cautionary announcement has ended the said cautionary announcement is withdrawn.
For further information please contact:
Colin Bird/Leon Coetzer/Andrew Sarosi
Jubilee Platinum plc
Tel +44 (0) 20 7584 2155 / Tel +27 (0)11 465 1913/+44 (0)1752 221937
Matthew Robinson/Ed Frisby/Ben Thompson - Corporate Finance
finnCap Ltd
Tel +44 (0) 20 7600 1658
Michael Kinirons/Nick Rome
Bishopsgate Communications Ltd
Tel +44 (0) 20 7562 3350
Johannesburg
Sponsor
Sasfin Capital
(A division of Sasfin Bank Ltd)