To view the PDF file, sign up for a MySharenet subscription.

JUBILEE METALS GROUP PLC - Exercise of Warrants

Release Date: 20/11/2024 17:19
Code(s): JBL     PDF:  
Wrap Text
Exercise of Warrants

Jubilee Metals Group Plc
Registration number (4459850)
AIM share code: JLP
Altx share code: JBL
ISIN: GB0031852162
('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

Jubilee Metals Group ("Jubilee" or the "Company" or the 'Group'), the AIM and Altx traded metals
processing company is announcing that it has received notification from warrant holders to
exercise 4 750 000 and 750 000 existing warrants in the issued share capital of Jubilee ("the
Warrant Shares") at a price of 4 pence (ZAR913 cents) and 3.4 pence (ZAR776 cents) respectively
per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of £215
500 (ZAR4.9 million).

The Warrant Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE
Limited on or about Tuesday, 26 November 2024 and will rank pari passu with the ordinary shares
of the Company in issue.

Following the admission of the Warrant Shares, the remaining warrants consist of 4 036 431
issued at 13 pence and 22 279 492 issued at 7.14 pence.

Total voting rights

The Company's total issued capital, after the issue of the Warrant Shares, will be 3 011 159 155
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.

ENDS

20 November 2024

For further information visit www.jubileemetalsgroup.com, follow Jubilee on Twitter
(@Jubilee_Metals) or contact:

Jubilee Metals Group Plc

Leon Coetzer (CEO)/Jonny 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 - 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 63 482 3802


About Jubilee Metals Plc

Jubilee is a low-cost, diversified producer, specialising in the recovery of metal from previously
overlooked resources, such as unprocessed historical waste rock, run-of-mine materials and tailings
in South Africa and Zambia. 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 chrome,
copper and platinum group metals (PGMs). The modular processing facilities offer a platform for
growth and the rapid expansion of its operational footprint. Jubilee's success is derived from
operational excellence, a highly experienced management team and a pioneering Technical
Development Centre.

Date: 20-11-2024 05:19:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.