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JUBILEE METALS GROUP PLC - Appointment of new Chairman, changes to senior leadership roles and new Joint-Broker Appointment

Release Date: 26/05/2022 08:00
Code(s): JBL     PDF:  
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Appointment of new Chairman, changes to senior leadership roles and new Joint-Broker Appointment

 Jubilee Metals Group Plc
 Registration number (4459850)
 Altx share code: JBL
 AIM share code: JLP
 ISIN: GB0031852162
 ("Jubilee" or the "Company” or the “Group”)


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Appointment of new Chairman and senior leadership roles
New Joint-Broker Appointment

    •   Appointment of Mr Ollie Oliveira as Non-Executive Chairman
    •   Expansion of Executive Committee dedicating further resources to the Global Expansion
        Strategy
    •   Appointment of Berenberg as Joint Broker

Jubilee, a leader in metals processing with operations in Africa (AIM: JLP/Altx: JBL), is pleased to
announce the appointment of Manuel Lino Silva de Sousa Oliveira (Ollie) as independent non-executive
director of the Company with immediate effect.

The board has also voted unanimously to appoint Mr. Oliveira as the independent non-executive
Chairman of Jubilee with effect from 1 June 2022. The appointment of Mr. Oliveira follows the
previously announced decision by Colin Bird, founder of Jubilee, to retire as non-executive Chairman
from the Jubilee board. Colin will step down as Chairman to pursue his various initiatives outside of
Jubilee with effect from 1 June 2022, following which he will step into an advisory role assisting with
special projects as advised by the board with no continued executive duties.

Jubilee is also pleased to announce the appointment of Joh. Berenberg, Gossler & Co KG (“Berenberg”)
as joint corporate broker alongside its existing brokers, with immediate effect.

Jubilee also announces key changes to the members of its Executive Committee under the leadership
of the Chief Executive Officer, Leon Coetzer, in-line with its drive to expand its business globally. Pedja
Kovacevic steps into the role as Chief Strategy Officer (“CSO”) to dedicate his focus to the global
expansion drive, from his current role as Group CFO, with Peet van Coller who joined the Company as
the new Group CFO.

Colin Bird, outgoing non-executive Chairman, commented: “When I first founded Jubilee and listed the
business in 2004, I would never have guessed we would forge such a unique path in the South African
platinum and chrome sector and in Zambian copper, one that took us from a prospective underground
miner to where we are today – a leader, not only in the Bushveld Complex, but now globally, in the
extraction of metals from waste.

“As I said at the AGM in December, when announcing the decision to step aside, the development of
Jubilee over recent years has been an exciting period for all of us and the Company is incredibly well
positioned to expand internationally. I have no doubt that Ollie is the right person to join a very capable
executive team under the leadership of Leon Coetzer, to steer Jubilee in the next phase of its evolution
and I look forward to collaborating with Ollie and Leon to offer my support to the Company, that I
continue to hold very dearly.”
Leon Coetzer, CEO, commented: “I welcome Ollie to the board of Jubilee and look forward with great
confidence to working closely with him as we continue to build on our recent period of significant growth
and sustained financial performance. Ollie’s experience will be of significant value to our Company given
his vast experience, knowledge of the sector and deep understanding of financial markets, as the roll-
out of our global metals processing strategy continues this year and beyond.

“I would like to take this opportunity to extend my sincere thanks to Colin who has been instrumental in
steering Jubilee to the Company it is today. Having founded Jubilee, Colin has worked tirelessly to build
our position and reputation, and the leading metal processing expertise he has helped create can now
be deployed as we implement our strategy to grow internationally.

“On a personal note, Colin has been a mentor for me for many years now and I would like to thank him
for his guidance and mentorship. I look forward to continuing my work with Colin as he steps into an
advisory role and we broaden our focus in an organised, strategic, but aggressive way, with the global
roll-out of the Company's brand, 'The Jubilee Way'.”

Ollie Oliveira, incoming non-executive Chairman, commented: “I am excited to be joining such a unique
business at this exciting point in its growth phase. It is rare that a metal producing company’s core
business also serves to clean up the environmental liabilities of the past. And, while the opportunities to
roll out this model globally are numerous, they need to be pursued with prudence and sound judgement.

“On behalf of the board, I would like to thank Colin for his stewardship over the years, helping Jubilee
become the great company it is today. Personally, I am grateful that he has agreed to stay on in an
advisory role for the next two years. The benefits of a smooth transition and his passing on of knowledge
in the Company cannot be underestimated.”

The appointment of Ollie is part of the Company’s global development plan as set out previously.

Ollie is a Chartered Accountant and economist with over 35 years of strategic and operational
experience in the mining industry and corporate finance. Mr Oliveira has substantial international
experience, having been an executive and non-executive director, and chair of board committees, of
companies quoted on various exchanges. He previously held senior executive positions within the
Anglo-American Group, including as Executive Director - Corporate Finance as well as Head of Strategy
and Business Development at De Beers S.A. Ollie has led and managed corporate finance assignments
totalling in excess of US$ 36 billion covering every major commodity, including the US$ 19.3 billion De
Beers public-to-private transaction in 2001. With his executive experience, Mr Oliveira has profound
knowledge and contacts at Government levels in a number of African and South American resources
jurisdictions.

Ollie currently serves as a non-executive director and chair of the audit committee of Vale S.A., the
Brazilian multinational corporation engaged in metals and mining and one of the largest logistics
operators in Brazil. In addition, he has previously been on the board, in non-executive capacities, of
BlackRock World Mining Trust Plc, Polymetal International plc and Antofagasta Minerals plc – the latter
two being former and current constituents, respectively, of the FTSE 100.

Critically Ollie, who is based in the UK, has over 18 years of experience in engaging with London-based
institutional investors. His appointment follows a thorough assessment of potential candidates and was
approved after a unanimous vote by Jubilee directors.

The following details in relation to the appointment of Manuel Lino Silva de Sousa Oliveira (aged 70) are
disclosed in accordance with Schedule 2(g) of the AIM Rules:

 CURRENT                                    PREVIOUS 5 YEARS
 Vale S.A.                                  Antofagasta plc
                                            BlackRock World Mining Trust plc
                                            BlackRock World Mining Investment Company Limited
                                            Polymetal International plc
                                            Antofagasta plc
                                            Greengrove Capital LLP
                                            Marula Investments Limited
                                            Elvaston Investing Limited

There is no further information to be disclosed in relation to Manuel Lino Silva de Sousa Oliveira
appointment pursuant to AIM Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for
Companies.



26 May 2022

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


Jubilee Metals Group PLC
Leon Coetzer
Tel: +27 (0) 11 465 1913


Nominated Adviser – SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555

Joint Broker - Berenberg
Matthew Armitt/Jennifer Lee/Detlir Elezi
Tel +44 (0) 20 3207 7800


Joint Broker – Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel +44 (0) 20 7186 9900


Joint Broker – WHIreland
Harry Ansell/Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618


PR & IR Adviser – Tavistock
Jos Simson/ Gareth Tredway/Charles Vivian
Tel: +44 (0) 207 920 3150

JSE Sponsor to Jubilee
Questco Corporate Advisory Proprietary Limited
Sharon Owens
T: +27 (11) 011 9212

Date: 26-05-2022 08:00:00
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