Update regarding proposed merger with PLA



 

Update regarding the proposed merger between Jubilee and Platinum Australia Ltd (“PLA”) and renewal of cautionary announcement

Jubilee Platinum, the AIM and JSE Limited quoted mine-to-metal specialist, is pleased to announce that, further to previously announced cautionary announcements, the most recent of which was announced on 5 February 2013, all transactional documents for the proposed merger (“Merger”) by Jubilee with PLA, have been finalised for execution save for the finalisation of the PLA creditors’ compromise arrangements which are expected to be concluded within the next 72 hours. A further announcement will be made upon completion of execution by both parties.

The projected completion date of the Merger remains unchanged for mid-May 2013.

Shareholders are advised to continue to exercise caution when dealing in their securities until a further detailed announcement is made.

 

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