Update Notice of GM and Invite to Live Webcast




Jubilee Platinum PLC

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

(“Jubilee” or “the Company”)

 

Update Notice of GM and Invite to Live Webcast

 

Highlights

 

·  Live Webcast hosted by Jubilee board 10am GMT, Thursday, 23 July 2015

·  Jubilee set for the construction and commissioning of its two platinum surface tailings processing projects(“Tailings Projects”)

 

The Company announces that a General Meeting has been called to be held on Friday, 07 August 2015 at the offices of Fasken Martineau LLP, 17 Hanover Square, London,   W1S 1HU at 14:00 (GMT).  The Notice and form of proxy have been posted to all shareholders on Monday 20 July 2015, and will also be available on the Company’s website.

 

The Company is also pleased to announce that a LIVE webcast is arranged for 10am GMT, Thursday, 23 July 2015, which will offer shareholders the opportunity to engage directly with the Jubilee Board.  As announced on 16 July 2015, Jubilee executed a sale and purchase agreement, subject to shareholder approval, to dispose of 100% of the issued shares of Jubilee Smelting and Refining Proprietary Limited, a subsidiary of Jubilee owning the Middelburg Smelter Complex, for ZAR72.0 million (approximately GBP3.8 million) and 70% of the issued shares in Power Alt Proprietary Limited owning the power plant, for ZAR38.5 million (approximately GBP2.0 million) collectively referred to as the Middelburg Operations.

 

Following the Disposal, Jubilee will retain the right to a 5MW ConRoast smelting facility at Middelburg and will receive significant cash to assist in the financing of its future surface platinum tailings processing operations. Terms for further funding, required to simultaneously execute the Tailings Projects have been offered by a number of financial institutions.  The Disposal is in keeping with the Company’s stated mission of bringing into production the Tailings Projects targeting a processing capacity of 80 000 tons per month of surface material.

 

To participate, please follow the link provided:

http://webcasting.brrmedia.co.uk/broadcast/139483

 

 

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 8416

 

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