Exercise of Options


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RNS Number : 0483O
Jubilee Metals Group PLC
04 February 2021
 

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (withdrawal) act 2018, as amended. On publication of this announcement via a regulatory information service, this information is considered to be in the public domain.

 

Registration number (4459850)

Altx share code: JBL

AIM share code: JLP

ISIN: GB0031852162

 

Jubilee Metals Group PLC

(“Jubilee” or “the Company” or “the Group”)

Exercise of Options

 

Jubilee announces that it has received notification from an employee to exercise 3 000 000 options in the Company (the “Option Shares”).  Under the Share Option Scheme the employee has elected to acquire and retain the Option Shares. The Option Shares have been exercised at price of 6 pence (ZAR 123 cents) per Option Share amounting to a cash value of £ 180,000 (ZAR 3.7 million).

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 10 February 2021 (“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 2 241 588 079 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

4 February 2021

**ENDS**

For further information visit www.jubileemetalsgroup.com  or contact:

Jubilee Metals Group PLC

Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913

Nominated Adviser – SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555

Joint Broker – Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel +44 (0) 20 7186 9900

Joint Broker – WHIreland

Harry Ansell/Katy Mitchell

Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618

JSE Sponsor – Sasfin Capital (a member of the Sasfin group)

Sharon Owens
Tel +27 (0) 11 809 7500

PR & IR Adviser – St Brides Partners Limited

Catherine Leftley/Beth Melluish

Tel +44 (0) 20 7236 1177

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END