REG - Jubilee Metals Group - Management changes

Jubilee MetalsAnnouncement

19/09/2024 07:00

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RNS Number : 8485E  Jubilee Metals Group PLC  19 September 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")

 

 

Management changes

Jubilee is pleased to announce that Dr Reuel Khoza has agreed to join the
Jubilee Board. Dr Khoza is an eminent business leader having held the position
as chairman of several blue-chip firms including Nedbank Group Ltd, one of
Africa's largest banking corporations, Public Investment Corporation Ltd, the
largest asset management firm in Africa, Eskom Holdings Ltd, the largest power
generator in South Africa, and is also a director of the Johannesburg Stock
Exchange. Dr Khoza's current positions include President of the Institute of
Directors Southern Africa and Chairman of Discovery Bank. He is also a
visiting professor at several South African universities, lecturing in
Corporate Governance, Business Leadership, Business Strategy and Marketing
Communications. Dr Khoza's appointment to the Jubilee Board is subject to
regulatory approval and he is expected to join the board during October 2024.

The Company also wishes to announce that Neal Reynolds has informed the Board
of his resignation as Chief Financial Officer (CFO) to pursue a new
opportunity. Neal will leave Jubilee after publication of the Company's Annual
Results, which are targeted for release during the week of the 30 September
2024.

Neal formed part of the leadership team tasked with the successful
implementation of a decentralised executive management structure, to ensure
dedicated focused leadership by the South African and Zambian appointed
executive team. The decentralised executive teams are now each led by a
dedicated Managing Director and CFO per country and commodity area. The
implemented executive structure ensures clear accountability and leadership
across each of the Company's operations, namely copper and chrome & PGM.
This new decentralised structure has put in place significant finance
capabilities across the Group. Riaan Smit, currently Chief Financial Officer
of the chrome & PGM division in South Africa, has been appointed interim
Group CFO while a replacement is found.

Leon Coetzer says: "It is a great honour to have such an esteemed business
leader in Dr Reuel Khoza to accept the invitation to join the Jubilee Board.
Dr Khoza brings a wealth of experience and knowledge that will strongly
compliment the Jubilee Board, especially at a time when we look to expand our
operating footprint in Africa.

I would also like to extend my gratitude to Neal and thank him for his
contribution during Jubilee's restructuring into a decentralised leadership
model and wish him every success with his new venture."

 

*ENDS*

19 September 2024

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

Jubilee Metals Group PLC

Leon Coetzer (CEO)

Tel: +27 (0) 11 465 1913

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 (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, an experienced management team and a pioneering Technical
Development Centre.

 

 

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