Exercise of Warrants




Jubilee Metals Group PLC

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

(“Jubilee” or “the Company”)

 

Exercise of Warrants

 

 

Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist announces that it has received notification from a warrant holder to exercise 1 875 000 existing warrants in the issued share capital of Jubilee (“the Warrant Shares”) at a price of 1.6p (ZAR36.53c) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of GBP30, 000 (ZAR684, 900). The cash consideration was received on 26 May 2016. These were the last remaining warrants issued at a price below 2p.

 

The Warrant Shares are expected to be admitted to trading on AIM and listed on the AltX of the JSE Limited on or about 3 June 2016 and will rank pari passu with the ordinary shares of the Company in issue.

 

Total voting rights

The Company’s total issued capital, after the issue of the Warrant Shares, will be 991 087 194 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.

 

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

Nominated Adviser

SPARK Advisory Partners Limited
Sean Wyndham-Quin/Mark Brady
Tel: +44 (0)203 368 3555

Broker

Beaufort Securities Limited
Jon Belliss
Tel: +44 (0) 20 7382 8300

 

 

JSE Sponsor

Sasfin Capital, a division of Sasfin Bank Limited
Sharon Owens
Tel +27 (0)11 809 7500

 


This information is provided by RNS

The company news service from the London Stock Exchange

 

END