Jubilee Metals Group PLC
Registration number (4459850)
AIM
share code: JLP
Altx share code: JBL
ISIN: GB0031852162
("Jubilee" or "the Company" or "the Group")
Management
changes
Jubilee is pleased to announce that
Dr Reuel Khoza has agreed to join the Jubilee Board. Dr Khoza is an
eminent business leader having held the position as chairman of
several blue-chip firms including Nedbank Group Ltd, one of
Africa's largest banking corporations, Public Investment
Corporation Ltd, the largest asset management firm in Africa, Eskom
Holdings Ltd, the largest power generator in South Africa, and is
also a director of the Johannesburg Stock Exchange. Dr Khoza's
current positions include President of the Institute of Directors
Southern Africa and Chairman of Discovery Bank. He is also a
visiting professor at several South African universities, lecturing
in Corporate Governance, Business Leadership, Business Strategy and
Marketing Communications. Dr Khoza's appointment to the Jubilee
Board is subject to regulatory approval and he is expected to join
the board during October 2024.
The Company also wishes to announce
that Neal Reynolds has informed the Board of his resignation as
Chief Financial Officer (CFO) to pursue a new opportunity. Neal
will leave Jubilee after publication of the Company's Annual
Results, which are targeted for release during the week of the 30
September 2024.
Neal formed part of the leadership
team tasked with the successful implementation of a decentralised
executive management structure, to ensure dedicated focused
leadership by the South African and Zambian appointed executive
team. The decentralised executive teams are now each led by a
dedicated Managing Director and CFO per country and commodity area.
The implemented executive structure ensures clear accountability
and leadership across each of the Company's operations, namely
copper and chrome & PGM. This new decentralised structure has
put in place significant finance capabilities across the Group.
Riaan Smit, currently Chief Financial Officer of the chrome &
PGM division in South Africa, has been appointed interim Group CFO
while a replacement is found.
Leon Coetzer says: "It is a great
honour to have such an esteemed business leader in Dr Reuel Khoza
to accept the invitation to join the Jubilee Board. Dr Khoza brings
a wealth of experience and knowledge that will strongly compliment
the Jubilee Board, especially at a time when we look to expand our
operating footprint in Africa.
I would also like to extend my
gratitude to Neal and thank him for his contribution during
Jubilee's restructuring into a decentralised leadership model and
wish him every success with his new venture."
*ENDS*
19
September 2024
For further information visit
www.jubileemetalsgroup.com,
follow Jubilee on Twitter (@Jubilee_Metals) or contact
below:
Jubilee Metals Group PLC
Leon Coetzer (CEO)
Tel: +27 (0) 11 465
1913
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 - RBC Capital Markets
Farid Dadashev/Jamil Miah
Tel +44 (0) 20 7653 4000
Joint Broker - Zeus Capital
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, an experienced management
team and a pioneering Technical Development Centre.