Jubilee Platinum PLC Exercise of Warrants & Dealing in Securities (0061P)
12 November 2016 - 12:15AM
UK Regulatory
TIDMJLP
RNS Number : 0061P
Jubilee Platinum PLC
11 November 2016
Jubilee Platinum PLC
Registration number: 4459850
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or the "Company")
11 November 2016
Exercise of Warrants
Dealing in securities
Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals
specialist, announces that is has received notification from a
warrant holder to exercise 25,000,000 existing warrants in the
issued share capital of Jubilee ("the Warrant Shares") at a price
of 3.55p (ZAR63.90c) per Warrant Share. The exercise of Warrant
Shares amounts, in aggregate, to a cash value of GBP887, 500 (ZAR16
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 17 November
2016 and will rank pari passu with the ordinary shares of the
Company in issue.
Dealing in securities
The Company is issuing the final 1,848,167 new Jubilee ordinary
shares ("Shares") at an average issue price of 2.44 pence per share
to Dr. Matthews Phosa, who has elected to receive Shares in lieu of
100% of his director's remuneration accrued to him for the period 1
October 2014 to 31 July 2016. This is the final share issuance to
Dr. Phosa and concludes the program of shares in lieu of director
remuneration for Dr Phosa. The shares are issued under the
authority of ordinary resolution number 12 and special resolution
number 2 passed at the Company's Annual General Meeting held on 27
November 2013. The issue will bring Dr. Phosa's interest in the
Company to 2,834,884 Shares, being 0.3% of the issued capital of
the Company. The 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.
Total voting rights
The Company's total issued capital, after the issue of the
Warrant Shares, will be 1,017,935,361 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.
Contacts
Jubilee Platinum plc
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913
Andrew Sarosi
Tel +44 (0)1752 221937
JSE Sponsor
Sasfin Capital, a division of Sasfin Bank Limited
Sharon Owens
Tel +27 (0)11 809 7500
Nominated Adviser
SPARK Advisory Partners Limited
Sean Wyndham-Quin/Mark Brady
Tel: +44 (0)203 368 3555
Broker
Beaufort Securities Limited
Jon Belliss
Tel: +44 (0) 20 7382 8300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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