Jubilee Metals Group PLC
Registration number: 4459850
Altx share code: JBL
AIM
share code: JLP
ISIN: GB0031852162
Jubilee Metals Group PLC (Jubilee or the
Company)
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
Options
Jubilee, a leading diversified
metals processor in Africa, with a substantial contribution to
global chrome concentrate production in South Africa and expanding
copper operations in Zambia, announces that it received
notification today, from an option holder to exercise 9 million
options at an average price of 2.11 pence per option
(the "Option Shares").
The Option Shares are issued as
fully paid and rank pari passu in all respects with the existing
ordinary shares, including the right to receive all dividends and
other distributions declared on or after the date on which they are
issued.
Admission and total voting
rights
The Option Shares are expected to be
admitted to trading on AIM and listed on the Altx of the JSE
Limited on or about 12 March 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 Shares, will be 2 983 493 617
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
6 March 2024
For further information,
visit www.jubileemetalsgroup.com,
follow Jubilee on Twitter (@Jubilee_Metals) or 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
Public Relations and Investor
Relations adviser - Tavistock
Jos Simson/Gareth Tredway
Tel: +44 (0) 20 7920
3150
Joint broker -
Berenberg
Matthew Armitt/Jennifer Lee/Detlir
Elezi
Tel: +44 (0) 20 3207
7800
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
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, a highly experienced
management team and a pioneering Technical Development
Centre.