REG - Jubilee Metals Group - Exercise of Options

Jubilee MetalsAnnouncement

06/03/2024 15:00

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RNS Number : 8710F  Jubilee Metals Group PLC  06 March 2024

Jubilee Metals Group PLC

Registration number: 4459850

Altx share code: JBL

AIM share code: JLP

ISIN: GB0031852162

Jubilee Metals Group PLC (Jubilee or the Company)

 

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, a leading diversified metals processor in Africa, with a substantial
contribution to global chrome concentrate production in South Africa and
expanding copper operations in Zambia, announces that it received notification
today, from an option holder to exercise 9 million options at an average price
of 2.11 pence per option (the "Option Shares").

The 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 Option Shares are expected to be admitted to trading on AIM and listed on
the Altx of the JSE Limited on or about 12 March 2024 ("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 Option Shares, will
be 2 983 493 617 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

6 March 2024

 

For further information, visit www.jubileemetalsgroup.com
(http://www.jubileemetalsgroup.com) , follow Jubilee on Twitter
(@Jubilee_Metals) or contact:

Jubilee Metals Group PLC

Leon Coetzer (CEO)/Neal Reynolds (CFO)

Tel: +27 (0) 11 465 1913

 

Nominated adviser - SPARK Advisory Partners Limited

Andrew Emmott/James Keeshan

Tel: +44 (0) 20 3368 3555

 

Public Relations and Investor Relations adviser - Tavistock

Jos Simson/Gareth Tredway

Tel: +44 (0) 20 7920 3150

 

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

Alison McLaren

Tel: +27 (0) 11 011 9207

 

About Jubilee

 

Jubilee is a low-cost, diversified producer, specialising in the recovery and
processing of metals from previously overlooked resources, such as unprocessed
historical waste rock, run-of-mine materials and tailings in Zambia and South
Africa. The Company's low-capex, modular processing facilities are deployed
close to these various types of material, producing high grade concentrates
for sale or further refining to finished metal at the Company's downstream
facilities. Production currently consists of copper, chrome, and platinum
group metals (PGMs). The modular processing facilities offer a platform for
growth and the rapid expansion of Jubilee's operational footprint in Zambia
and South Africa. Jubilee's success is derived from operational and technical
excellence, a highly experienced management team and a pioneering Technical
Development Centre.

 

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