REG - Jubilee Metals Group - Shareholder update and Dealing in securities

Jubilee MetalsAnnouncement

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RNS Number : 6202U  Jubilee Metals Group PLC  27 February 2026

Jubilee Metals Group PLC

Registration number: 4459850

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

('Jubilee' or 'the Company')

 

 

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jurisdiction.

 

Shareholder update and

Dealing in securities

 

Jubilee, the Zambia copper focused producer, provides a shareholder update
dealing with its Board composition strategy and a proposed capital reduction.

Board composition strategy

The sale of the chrome and PGM Operations in South Africa has now been
completed. The Company now focuses on its operations in Zambia. The Board
currently has a majority of South African resident directors as the Company
had historically been a South African centric business. Going forward the
Board agreed it should migrate towards a Board composition weighted towards
Zambia, copper and AIM experienced expertise. This migration will be managed
carefully over a period of time.

Proposed capital reduction

The Jubilee Board has tasked the Finance Director to consult with a range of
shareholders to ascertain their views on future distributions (dividends,
share buybacks, etc). These discussions are well advanced. Such distributions
to shareholders, when approved by the Board, need to be paid out of the
Company's distributable reserves. At present there are insufficient
distributable reserves. There are, however, sufficient share premium reserves
which can be converted into distributable reserves. This necessitates a High
Court process in the United Kingdom. Discussions are ongoing with legal
advisers on the precise process, which will involve a General Meeting of
shareholders to approve the capital reduction. This High Court capital
reduction process is required to enable the Company to be able to make
dividend distributions and share buybacks in the future.

Half Year results

The Company expects to release its interim results for the 6 months ending 31
December 2025 on or about 31 March 2026.

Directors share dealing

The Company issued 2 069 267 Jubilee ordinary shares (Shares) to Leon
Coetzer, Chief Executive Officer and 2 184 564 Shares to Jonathan
Morley-Kirk, Finance Director (Issuance). The Issuance is for the successful
completion of the sale of the South African chrome and PGM operations. Both
directors have elected to receive Jubilee Shares instead of a cash payment.

Following the Issuance, Mr Morley-Kirk will hold 3 184 564 Shares,
representing approximately 0.10% of the enlarged issued share capital of the
Company and Mr Coetzer will hold 3 464 267 Shares representing approximately
0.11% of the enlarged issued share capital of the Company.

Admission and total voting rights

The Shares are expected to be admitted to trading on AIM and listed on the
Altx of the JSE Limited on or about 5 March 2026 (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 Shares, will be
3 150 549 827 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.

 

27 February 2026

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

 

Jubilee Metals Group PLC

Leon Coetzer (CEO)/Jonathan 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 - Zeus Capital

Harry Ansell/Katy Mitchell

Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618

 

Joint Broker - Shard Capital Partners LLP

Erik Woolgar/Gareth Burchell

Tel +44 (0) 207 1869900

 

JSE Sponsor - Questco Corporate Advisory Proprietary Limited

Alison McLaren

Tel: +27 63 482 3802

 

The Company provides the following notifications and public disclosures of the
share purchases, by persons discharging managerial responsibilities ("PDMRs")
and persons closely associated ("PCA") with them:

 1   Details of the
     person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                                            Jonathan Morley-Kirk
 2   Reason for notification                                                                         Director of Jubilee
 a)  Position / status                                                                               Finance Director
 b)  Initial notification                                                                            Initial
     /Amendment
 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
     ISIN: GB0031852162
 b)  Nature of the transaction                                                                       Issue of ordinary shares
 c)  Price(s) and volumes(s)                                                                         Issued 2 184 564 ordinary shares at a price of 3.04 pence

 d)  Aggregated information                                                                          n/a
 e)  Date of the transaction                                                                         27 February 2026
 f)  Place of the transaction                                                                        London Stock Exchange, AIM Market (XLON)

 

 1   Details of the
     person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                                            Leon Coetzer
 2   Reason for notification                                                                         Director of Jubilee
 a)  Position / status                                                                               Chief Executive Officer
 b)  Initial notification                                                                            Initial
     /Amendment
 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
     ISIN: GB0031852162
 b)  Nature of the transaction                                                                       Issue of ordinary shares
 c)  Price(s) and volumes(s)                                                                         Issued 2 069 267 ordinary shares at a price of 3.04 pence per share

 d)  Aggregated information                                                                          n/a
 e)  Date of the transaction                                                                         27 February 2026
 f)  Place of the transaction                                                                        London Stock Exchange, AIM Market (XLON)

 

In compliance with Rules 6.78 of the JSE Listing Requirements, the following
information is disclosed:

 

 Company director       Jonathan Morley-Kirk
 Date of transaction    27 February 2026
 Number of shares       2 184 564
 Price per share        3.04p
 Class of shares        Ordinary
 Nature of transaction  Issue of ordinary shares for the successful implementation of the sale of the
                        South African chrome and PGM operations
 Nature of interest     Direct beneficial
 Total value            GBP 66 421 / ZAR 1 582 804

 

  Company director      Leon Coetzer
 Date of transaction    27 February 2026
 Number of shares       2 069 267
 Price per share        3.04p per share
 Class of shares        Ordinary
 Nature of transaction  Issue of ordinary shares following an exercise of options
 Nature of interest     Direct beneficial
 Total value            GBP 62 915 / ZAR 1 499 268

 

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