REG - Jubilee Metals Group - Issue of Equity

Jubilee MetalsAnnouncement

18/01/2023 08:00

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RNS Number : 0994N  Jubilee Metals Group PLC  18 January 2023

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
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 two warrant holders to exercise    32 159 446 existing
warrants in the issued share capital of Jubilee ("the Warrant Shares") at a
price of 6.12 pence (ZAR127 cents) per Warrant Share. The exercise of Warrant
Shares amounts, in aggregate, to a cash value of approximately £2 million
(ZAR42 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 Monday, 24 January 2023 and will rank
pari passu with the ordinary shares of the Company in issue.

Following the admission of the Warrant Shares, the balance of warrants issued
at 6.12 pence is 921 940 warrants.

Total voting rights

The Company's total issued capital, after the issue of the Warrant Shares,
will be 2 727 013 596 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

18 January 2023

 

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 - 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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