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.