RNS Number : 8142Q
Jubilee Metals Group PLC
03 June 2024
 

Registration number (4459850)

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

Jubilee Metals Group PLC

("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 distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.


Exercise of Warrants and Options

 

Jubilee, a leading diversified metals processor in Africa with significant operations in South Africa and Zambia, is announcing that it has received notification from a warrant holder to exercise 3 068 740 existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of 4 pence per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of £0.12 million.

The Company also announces the issue of 4 000 000 new ordinary shares following the exercise of options (the "Option Shares"). The Option Shares have been exercised at an average price of 5 pence per Option Share.

 

The new Warrant and Option Shares represent 0.24% of the total issued capital of the Company.

 

Admission and Total Voting Rights

 

The Warrant Shares and Option Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about 7 June 2024 ("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 Option and Warrant Shares, will be 2 990 562 357 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

3 June 2024

 

 

For further information visit www.jubileemetalsgroup.com or please contact:

 

Jubilee Metals Group PLC

Leon Coetzer (CEO) /Neal Reynolds (CFO)

Tel:  +27 (0) 11 465 1913

 

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/James Keeshan

Tel: +44 (0) 20 3368 3555

 

Joint Broker - RBC Capital Markets

Farid Dadashev/Jamil Miah

Tel +44 (0) 20 7653 4000

 

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

Alison McLaren

Tel: +27 (0)11 011 9207

 

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway

Tel: +44 (0) 207 920 3150

 

 

About Jubilee

 

Jubilee is listed on the Alternative Investment Market of the London Stock Exchange (AIM: JLP) and on the Alternative Exchange of the Johannes Stock Exchange (Altx: JBL). 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, a highly experienced management team and a pioneering Technical Development Centre.

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCQKNBBABKKQAK
Grafico Azioni Jubilee Metals (LSE:JLP)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Jubilee Metals
Grafico Azioni Jubilee Metals (LSE:JLP)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Jubilee Metals