REG - Jubilee Metals Group - Exercise of Warrants

Jubilee MetalsAnnouncement

20/11/2024 15:15

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RNS Number : 0202N  Jubilee Metals Group PLC  20 November 2024

Jubilee Metals Group Plc

Registration number (4459850)

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

('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 Warrants

Jubilee Metals Group ("Jubilee" or the "Company" or the "Group"), the AIM and
Altx traded metals processing company is announcing that it has received
notification from warrant holders to exercise 4 750 000 and 750 000 existing
warrants in the issued share capital of Jubilee ("the Warrant Shares") at a
price of 4 pence (ZAR913 cents) and 3.4 pence (ZAR776 cents) respectively per
Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash
value of £215 500 (ZAR4.9 million).

The Warrant Shares are expected to be admitted to trading on AIM and listed on
the Altx of the JSE Limited on or about Tuesday, 26 November 2024 and will
rank pari passu with the ordinary shares of the Company in issue.

Following the admission of the Warrant Shares, the remaining warrants consist
of 4 036 431 issued at 13 pence and 22 279 492 issued at 7.14 pence.

Total voting rights

The Company's total issued capital, after the issue of the Warrant Shares,
will be 3 011 159 155 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.

ENDS

20 November 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)/Jonny Morley-Kirk (FD)

Tel: +27 (0) 11 465 1913 / Tel: +44 (0) 7797 775546

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/James Keeshan

Tel: +44 (0) 20 3368 3555

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway

Tel: +44 (0) 207 920 3150

Joint Broker - RBC Capital Markets

Farid Dadashev/Jamil Miah

Tel +44 (0) 20 7653 4000

Joint Broker - Zeus Capital

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 63 482 3802

About Jubilee Metals Plc

Jubilee is a low-cost, diversified producer, specialising in the recovery of
metal from previously overlooked resources, such as unprocessed historical
waste rock, run-of-mine materials and tailings in South Africa and Zambia. 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 chrome, copper and platinum group metals
(PGMs). The modular processing facilities offer a platform for growth and the
rapid expansion of its operational footprint. Jubilee's success is derived
from operational excellence, a highly experienced management team and a
pioneering Technical Development Centre.

 

 

 

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