Issue of Equity



 

Issue of Equity

 Jubilee Platinum, the AIM and JSE Limited (“JSE”) quoted mine-to-metal specialist,  wishes to advise that it has made application to AIM and the JSE for the listing of the following shares:

6,187,765 shares as consideration for the purchase of further shares in Jubilee subsidiary Power Alt (Pty) Ltd (“Power Alt”). As a result Jubilee’s holding in Power Alt will increase by 9.5% to 68.1%;

 907,276 shares as consideration for the purchase of a further 5% interest in Jubilee subsidiary Pollux Investment Holdings (Pty) Ltd (“Pollux”). As a result Jubilee will own 67.5% of Pollux; and

 584,689 shares to Majestic Filtration Solutions (Pty) Ltd as vendor consideration.

  

It is expected that the above issue of 7,679,730 ordinary shares of 1 pence each will be admitted to trading on AIM and the JSE on 28 January at 8am GMT and 10am SAST respectively.

 

Following the above shares issue, the total issued share capital of the Company will be 345,110,121. The Company holds no ordinary shares in treasury. Therefore, following the issue of equity, the total number of voting rights in the Company will be 345,110,121.

 

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