REG - Jubilee Metals Group - Appointment of New Chairman and Joint Broker

Jubilee MetalsAnnouncement

26/05/2022 07:00

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RNS Number : 8986M  Jubilee Metals Group PLC  26 May 2022

Jubilee Metals Group PLC

Registration number (4459850)

Altx share code: JBL

AIM share code: JLP

ISIN: GB0031852162

("Jubilee" or "the Company" or "the Group")

 

Dissemination of a Regulatory Announcement that contains inside information
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jurisdiction.

 

 

Appointment of new Chairman and senior leadership roles

New Joint-Broker Appointment

 

·    Appointment of Mr Ollie Oliveira as Non-Executive Chairman

·    Expansion of Executive Committee dedicating further resources to the
Global Expansion Strategy

·    Appointment of Berenberg as Joint Broker

 

Jubilee, a leader in metals processing with operations in Africa (AIM:
JLP/Altx: JBL), is pleased to announce the appointment of Manuel Lino Silva de
Sousa Oliveira (Ollie) as independent non-executive director of the Company
with immediate effect.

 

The board has also voted unanimously to appoint Mr. Oliveira as the
independent non-executive Chairman of Jubilee with effect from 1 June 2022.
The appointment of Mr. Oliveira follows the previously announced decision by
Colin Bird, founder of Jubilee, to retire as non-executive Chairman from the
Jubilee board. Colin will step down as Chairman to pursue his various
initiatives outside of Jubilee with effect from 1 June 2022, following which
he will step into an advisory role assisting with special projects as advised
by the board with no continued executive duties.

 

Jubilee is also pleased to announce the appointment of Joh. Berenberg, Gossler
& Co KG ("Berenberg") as joint corporate broker alongside its existing
brokers, with immediate effect.

 

Jubilee also announces key changes to the members of its Executive Committee
under the leadership of the Chief Executive Officer, Leon Coetzer, in-line
with its drive to expand its business globally. Pedja Kovacevic steps into the
role as Chief Strategy Officer ("CSO") to dedicate his focus to the global
expansion drive, from his current role as Group CFO, with Peet van Coller who
joined the Company as the new Group CFO.

 

Colin Bird, outgoing non-executive Chairman, commented: "When I first founded
Jubilee and listed the business in 2004, I would never have guessed we would
forge such a unique path in the South African platinum and chrome sector and
in Zambian copper, one that took us from a prospective underground miner to
where we are today - a leader, not only in the Bushveld Complex, but now
globally, in the extraction of metals from waste.

 

"As I said at the AGM in December, when announcing the decision to step aside,
the development of Jubilee over recent years has been an exciting period for
all of us and the Company is incredibly well positioned to expand
internationally. I have no doubt that Ollie is the right person to join a very
capable executive team under the leadership of Leon Coetzer, to steer Jubilee
in the next phase of its evolution and I look forward to collaborating with
Ollie and Leon to offer my support to the Company, that I continue to hold
very dearly."

 

Leon Coetzer, CEO, commented: "I welcome Ollie to the board of Jubilee and
look forward with great confidence to working closely with him as we continue
to build on our recent period of significant growth and sustained financial
performance. Ollie's experience will be of significant value to our Company
given his vast experience, knowledge of the sector and deep understanding of
financial markets, as the roll-out of our global metals processing strategy
continues this year and beyond.

 

"I would like to take this opportunity to extend my sincere thanks to Colin
who has been instrumental in steering Jubilee to the Company it is today.
Having founded Jubilee, Colin has worked tirelessly to build our position and
reputation, and the leading metal processing expertise he has helped create
can now be deployed as we implement our strategy to grow internationally.

 

"On a personal note, Colin has been a mentor for me for many years now and I
would like to thank him for his guidance and mentorship. I look forward to
continuing my work with Colin as he steps into an advisory role and we broaden
our focus in an organised, strategic, but aggressive way, with the global
roll-out of the Company's brand, 'The Jubilee Way'."

 

Ollie Oliveira, incoming non-executive Chairman, commented: "I am excited to
be joining such a unique business at this exciting point in its growth phase.
It is rare that a metal producing company's core business also serves to clean
up the environmental liabilities of the past. And, while the opportunities to
roll out this model globally are numerous, they need to be pursued with
prudence and sound judgement.

 

"On behalf of the board, I would like to thank Colin for his stewardship over
the years, helping Jubilee become the great company it is today. Personally, I
am grateful that he has agreed to stay on in an advisory role for the next two
years. The benefits of a smooth transition and his passing on of knowledge in
the Company cannot be underestimated."

 

The appointment of Ollie is part of the Company's global development plan as
set out previously.

 

Ollie is a Chartered Accountant and economist with over 35 years of strategic
and operational experience in the mining industry and corporate finance. Mr
Oliveira has substantial international experience, having been an executive
and non-executive director, and chair of board committees, of companies quoted
on various exchanges. He previously held senior executive positions within the
Anglo-American Group, including as Executive Director - Corporate Finance as
well as Head of Strategy and Business Development at De Beers S.A. Ollie has
led and managed corporate finance assignments totalling in excess of US$ 36
billion covering every major commodity, including the US$ 19.3 billion De
Beers public-to-private transaction in 2001. With his executive experience, Mr
Oliveira has profound knowledge and contacts at Government levels in a number
of African and South American resources jurisdictions.

 

Ollie currently serves as a non-executive director and chair of the audit
committee of Vale S.A., the Brazilian multinational corporation engaged in
metals and mining and one of the largest logistics operators in Brazil. In
addition, he has previously been on the board, in non-executive capacities, of
BlackRock World Mining Trust Plc, Polymetal International plc and Antofagasta
Minerals plc - the latter two being former and current constituents,
respectively, of the FTSE 100.

 

Critically Ollie, who is based in the UK, has over 18 years of experience in
engaging with London-based institutional investors. His appointment follows a
thorough assessment of potential candidates and was approved after a unanimous
vote by Jubilee directors.

 

The following details in relation to the appointment of Manuel Lino Silva de
Sousa Oliveira (aged 70) are disclosed in accordance with Schedule 2(g) of the
AIM Rules:

 CURRENT    PREVIOUS 5 YEARS
 Vale S.A.  Antofagasta plc
            BlackRock World Mining Trust plc
            BlackRock World Mining Investment Company Limited
            Polymetal International plc
            Antofagasta plc
            Greengrove Capital LLP
            Marula Investments Limited
            Elvaston Investing Limited

 

There is no further information to be disclosed in relation to Manuel Lino
Silva de Sousa Oliveira appointment pursuant to AIM Rule 17 or paragraph (g)
of Schedule Two of the AIM Rules for Companies.

 

 

26 May 2022

For further information visit www.jubileemetalsgroup.com
(http://www.jubileemetalsgroup.com)   or contact:

 

Jubilee Metals Group PLC

Leon Coetzer

Tel:  +27 (0) 11 465 1913

 

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/James Keeshan

Tel: +44 (0) 20 3368 3555

 

Joint Broker - Berenberg

Matthew Armitt/Jennifer Lee/Detlir Elezi

Tel +44 (0) 20 3207 7800

 

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 - Questco Corporate Advisory Proprietary Limited

Sharon Owens

Tel: +27 (11) 011 9212

 

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway/Charles Vivian

Tel: +44 (0) 207 920 3150

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