REG - Jubilee Metals Group - Competition Tribunal Approval

Jubilee MetalsAnnouncement

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RNS Number : 7644H  Jubilee Metals Group PLC  17 November 2025

Jubilee Metals Group Plc

Registration number (4459850)

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

('Jubilee' or 'Company' or 'Group')

 

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Competition Tribunal Approval for the Sale of South African Chrome and PGM
Operations

Jubilee, the Zambia copper focused producer, is pleased to announce that South
African Competition Tribunal (SACT) has issued the Company with a merger
clearance certificate, and as such, has unconditionally approved the sale of
the South African Chrome and PGM Operations to One Chrome (Pty) Ltd (One
Chrome) under the Competition Act (Disposal). SACT approval was a suspensive
condition to the Disposal as outlined in the Circular to shareholders. (see
announcement dated 12 August 2025).

Approval of the South African Reserve Bank is still required, and the Company
does not envision this being reasonably withheld.

The last material condition precedent is audit related. This workstream is
well underway and is expected to be completed by 30 November 2025. Following
completion of the Disposal, which is expected by the end of CY2025, the
Company will be focused solely on its Zambian copper projects whilst retaining
its investment in the Tjate platinum project in South Africa.

If all of the suspensive conditions of the Disposal are not satisfied or
waived by 31 December 2025 then the sale agreement for the Disposal may be
terminated by either Jubilee or One Chrome.

17 November 2025

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

 

Financial Advisor to the transaction

Absa Corporate and Investment Bank, a division of Absa Bank Limited

Craig Brewer

Tel: +27 83 303 0980

 

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