REG - Jubilee Metals Group - Exercise of Options

Jubilee MetalsAnnouncement

30/05/2022 07:15

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RNS Number : 1290N  Jubilee Metals Group PLC  30 May 2022

Registration number (4459850)

Altx share code: JBL

AIM share code: JLP

ISIN: GB0031852162

Jubilee Metals Group PLC

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

 

Dissemination of a Regulatory Announcement that contains inside information
according to UK Market Abuse Regulations. Not for release, publication or
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jurisdiction.

 

Exercise of Options

 

Jubilee announces that it has received notification from a director, Dr NM
Phosa, to exercise 1 500 000 options in the Company (the "Director Shares) at
an average price of 4.5 pence (ZAR 87.8 cents) per Director Share amounting to
a cash value of £ 67,500 (ZAR 1.3 million).

 

The Company will issue 1 500 000 Director Shares at an average issue price
of 4.5 pence per share to Dr Phosa. Dr Phosa's interest in the Company after
the exercise is 4 227 384 ordinary shares representing approximately 0.16% of
the enlarged issued capital of the Company.

 

Jubilee further announces that it has received notification from employees to
exercise 13 500 000 options in the Company (the "Option Shares"). The Option
Shares have been exercised at an average price of 5 pence (ZAR 97.6 cents) per
Option Share amounting to a cash value of £ 665,000 (ZAR 13 million).

 

The Director Shares and Option Shares are issued as fully paid and rank pari
passu in all respects with the existing ordinary shares, including the right
to receive all dividends and other distributions declared on or after the date
on which they are issued.

 

Admission and Total Voting Rights

 

The Director Shares and the Option Shares are expected to be admitted to
trading on AIM and listed on the Altx of the JSE Limited on 6 June 2022
("Admission") and will rank pari passu with the ordinary shares of the Company
in issue.

 

The Company's total issued capital, after the issue of the Director Shares and
the Option Shares, will be 2 657 051 370 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.

 

United Kingdom

30 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

 

Broker - Shard Capital Partners LLP

Damon Heath/ Erik Woolgar

Tel +44 (0) 20 7186 9900

 

Joint Broker - Berenberg

Matthew Armitt/ Jennifer Lee/ Detlir Elezi

Tel +44 (0) 20 3207 7800

 

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

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Nakedi Mathews Phosa

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Director

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Jubilee Metals Group PLC

 b)   LEI                                                          2138002XB5DB3B87SH92

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares

      Identification code                                          GB0031852162

 b)   Nature of the transactions                                   Director share purchase pursuant to exercise of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     3.5 pence         500 000
                                                                                     4 pence           500 000
                                                                                     6 pence           500 000

 d)   Aggregated information

      -     Aggregated volume                                      1 500 000
      -     Purchase Price                                         Average 4.5 pence

      -     Selling price                                          NA

 e)   Date of the transactions                                     30 May 2022

 f)   Place of the transactions                                    London Stock Exchange, AIM

 

 

 

 

 

 

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