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.