Further Issue of shares re Deferred Share Agreement

 

06 August 2009
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162

Jubilee Platinum Plc
(“Jubilee” or “the Company”)

Further Issue of shares re Deferred Share 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 Agreementthe 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