REG - Jubilee Platinum PLC - Interim Results <Origin Href="QuoteRef">JLP.L</Origin> - Part 2
31/03/2016 07:05
- Part 2: For the preceding part double click ID:nRSe6089Ta
64,099 8,859
Total liabilities (663) (6) (17) (821) (1,506) (3,463)
Segment report for the 6 months ended 31 December 2014
£'000 PGM processing Nickel Tailings Evaluation and development Other operations South Africa Base Metal Smelting South Africa Electricity Generation Total
Total revenues - - 62 - (2 101) (1 316) (3 354)
Less: Intercompany revenue - - - - 592 - 592
Revenue from external customers - - 62 - (1 508) (1 316) (2 762)
Loss before taxation 36 5 402 399 470 (293) 1 019
Taxation - - - - - (6) (6)
Loss after taxation 36 5 402 399 470 (299) 1 013
Interest received - - - (1) (0) - (1)
Interest paid - - 0 70 0 - 70
Depreciation and Amortisation - - 344 - 187 160 692
Total assets 13 162 29 923 4 087 16 849 5 309 3 608 72 938
Total liabilities (5) (10) (146) (1 564) (17 411) (272) (19 409)
Segment report for the year ended 30 June 2015
PGM processing Nickel Tailings Exploration and development Other operations Total Continued operations Total Discontinuedoperations
£'000
Total revenues (4) - - (45) (49) (5 160)
Cost of sales - - - 26 26 (2 167)
Forex losses (0) - 3 21 24 -
Loss before taxation 1 561 19 61 1 300 2 941 452
Taxation - - - - - 52
Loss after taxation 1 561 19 61 1 300 2 941 504
Interest received - - - (65) (65) (1)
Interest paid 0 - - 195 195 0
Depreciation and Amortisation 694 - 2 - 696 744
Total assets 7 450 27 758 24 037 611 59 856 7 696
Total liabilities (14 230) (6) (29) (1 509) (15 773) (2 271)
9. Shares issued
The Company issued 146,315,973 shares during the period under review which commenced on 1 July 2015 as follows:
Date Numberof shares Issue price -pence Nature ofthe issue
Opening balance 749,860,507
1 July 2015 26,850,931 2.10 Debt
5 August 2015 1,264,837 4.00 Debt
5 August 2015 5,786,380 2.01 Warrants
5 August 2015 10,550,581 3.23 Warrants
5 August 2015 71,834,833 3.40 Cash
18 August 2015 10,000,000 2.63 Warrants
22 September 2015 2,000,000 3.13 Warrants
5 October 2015 2,706,765 3.40 Debt
14 October 2015 7,142,936 3.16 Warrants
20 October 2015 5,160,000 3.16 Warrants
12 November 2015 1,500,000 3.16 Warrants
11 December 2015 1,518,710 3.06 Acquisition
Closing balance at 31 December 2015 896,176,480
Shares issued after 31 December 2015
29 February 2016 3,750,000 3.16 Warrants
30 March 2016 89,285,714 2.80 Cash
989,212,194
(i) Debt includes payment of advisory and placement fees in relation to the issue of shares. Share issue expenses are written off against share premium where permitted.
(ii) Shareholders are referred to announcements on, or about the dates above for details of equity issues
10. Going concern
The directors have adopted the going-concern basis in preparing the financial
statements.
11. Events subsequent to reporting date
Warrants issued but not exercised at 31 December 2015 are set out below:
Number of warrants Issue date Subscriptionprice (£) Expiry date
1,875,000 09/06/2015 0.016000 09/06/2018
11,340,000 21/02/2014 0.031598 21/02/2017
840,000 23/02/2014 0.031598 23/02/2016
38,097,689 14/07/2015 0.035500 30/12/2016
3,591,742 12/08/2015 0.047500 12/08/2018
55,744,431
Warrants issued but not exercised at the last practicable date are set out
below:
Number of warrants Issue date Subscriptionprice(£) Expiry date
1,875,000 09/06/2015 0.016000 09/06/2018
7,590,000 21/02/2014 0.031598 21/02/2017
840,000 23/02/2014 0.031598 23/02/2016
38,097,689 14/07/2015 0.035500 30/12/2016
3,591,742 12/08/2015 0.047500 12/08/2018
51,994,431
12. Interim report
Printed copies of the interim report are available to the public free of
charge from the Company at 4th Floor, Cromwell Place, London, SW7 2JE and from
Jigsaw Office Park, Ground Floor, Support Services Place,
7 Einstein Street, Highveld Techno Park, Centurion, 0157, Gauteng during
normal office hours for 30 days from the date of this report and are also
available for download from www.jubileeplatinum.com.
Andrew Sarosi, Technical Director of Jubilee, who holds a B.Sc. Metallurgy and
M.Sc. Engineering, the University of the Witwatersrand and is a member of The
Institute of Materials, Minerals and Mining, is a "qualified person" as
defined under the AIM Rules for Companies. The technical parts of this
announcement have been prepared under Andrew Sarosi's supervision and he has
approved the release of this announcement.
Contacts
Jubilee Platinum plc
Colin Bird
Tel +44 (0) 20 7584 2155
Leon Coetzer
Tel +27 (0)11 465 1913
Andrew Sarosi
Tel +44 (0) 1752 221937
NOMAD
SPARK Advisory Partners Limited
Sean Wyndham-Quin / Mark Brady
+44 (0)113 370 8975
JSE Sponsor
Sasfin Capital, a division of Sasfin Bank Limited
Sharon Owens
Tel +27 (0) 11 809 7500
Brokers
Beaufort Securities Limited
Elliot Hance/Jon Belliss
Tel +44 (0) 20 7382 8416
Registered offices:
United Kingdom
4th Floor, 2 Cromwell Place, London, SW7 2JE
South Africa
Jigsaw Office Park, Ground Floor, Support Services Place
7 Einstein Street, Highveld Techno Park, Centurion, 0157
Transfer secretaries:
Computershare Investor Services Proprietary Limited
70 Marshall Street, Johannesburg 2001
PO Box 61051, Marshalltown 2107
Company Secretary:
Capita Company Secretarial Services
40 Dukes Place
London, EC3A 7NH
This information is provided by RNS
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