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Shareholder update and Dealing in securities
Jubilee Metals Group PLC
Registration number: 4459850
AIM share code: JLP
Altx share code: JBL
ISIN: GB0031852162
('Jubilee' or 'the Company')
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.
Shareholder update and Dealing in securities
Jubilee, the Zambia copper focused producer, provides a shareholder update dealing with its
Board composition strategy and a proposed capital reduction.
Board composition strategy
The sale of the chrome and PGM Operations in South Africa has now been completed. The
Company now focuses on its operations in Zambia. The Board currently has a majority of
South African resident directors as the Company had historically been a South African centric
business. Going forward the Board agreed it should migrate towards a Board composition
weighted towards Zambia, copper and AIM experienced expertise. This migration will be
managed carefully over a period of time.
Proposed capital reduction
The Jubilee Board has tasked the Finance Director to consult with a range of shareholders to
ascertain their views on future distributions (dividends, share buybacks, etc). These
discussions are well advanced. Such distributions to shareholders, when approved by the
Board, need to be paid out of the Company's distributable reserves. At present there are
insufficient distributable reserves. There are, however, sufficient share premium reserves
which can be converted into distributable reserves. This necessitates a High Court process in
the United Kingdom. Discussions are ongoing with legal advisers on the precise process,
which will involve a General Meeting of shareholders to approve the capital reduction. This
High Court capital reduction process is required to enable the Company to be able to make
dividend distributions and share buybacks in the future.
Half Year results
The Company expects to release its interim results for the 6 months ending 31 December
2025 on or about 31 March 2026.
Directors share dealing
The Company issued 2 069 267 Jubilee ordinary shares (Shares) to Leon Coetzer, Chief
Executive Officer and 2 184 564 Shares to Jonathan Morley-Kirk, Finance Director (Issuance).
The Issuance is for the successful completion of the sale of the South African chrome and
PGM operations. Both directors have elected to receive Jubilee Shares instead of a cash
payment.
Following the Issuance, Mr Morley-Kirk will hold 3 184 564 Shares, representing
approximately 0.10% of the enlarged issued share capital of the Company and Mr Coetzer will
hold 3 464 267 Shares representing approximately 0.11% of the enlarged issued share capital
of the Company.
Admission and total voting rights
The Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE
Limited on or about 5 March 2026 (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 Shares, will be 3 150 549 827
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.
27 February 2026
For further information visit www.jubileemetalsgroup.com, follow Jubilee on X
(@Jubilee_Metals) or contact:
Jubilee Metals Group PLC
Leon Coetzer (CEO)/Jonathan 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 - Zeus Capital
Harry Ansell/Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618
Joint Broker – Shard Capital Partners LLP
Erik Woolgar/Gareth Burchell
Tel +44 (0) 207 1869900
JSE Sponsor - Questco Corporate Advisory Proprietary Limited
Alison McLaren
Tel: +27 63 482 3802
The Company provides the following notifications and public disclosures of the share
purchases, by persons discharging managerial responsibilities ("PDMRs") and persons
closely associated ("PCA") with them:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jonathan Morley-Kirk
2 Reason for notification Director of Jubilee
a) Position / status Finance Director
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer, or auction monitor
a) Name Jubilee Metals Group PLC
b) LEI 2138002XB5DB3B87SH92
4 Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each type of transaction
(iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type Ordinary Shares
of instrument Identification code
ISIN: GB0031852162
b) Nature of the transaction Issue of ordinary shares
c) Price(s) and volumes(s) Issued 2 184 564 ordinary
shares at a price of 3.04
pence
d) Aggregated information n/a
e) Date of the transaction 27 February 2026
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Leon Coetzer
2 Reason for notification Director of Jubilee
a) Position / status Chief Executive Officer
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer, or auction monitor
a) Name Jubilee Metals Group PLC
b) LEI 2138002XB5DB3B87SH92
4 Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each type of transaction
(iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type Ordinary Shares
of instrument Identification code
ISIN: GB0031852162
b) Nature of the transaction Issue of ordinary shares
c) Price(s) and volumes(s) Issued 2 069 267 ordinary
shares at a price of 3.04
pence per share
d) Aggregated information n/a
e) Date of the transaction 27 February 2026
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
In compliance with Rules 6.78 of the JSE Listing Requirements, the following information is
disclosed:
Company director Jonathan Morley-Kirk
Date of transaction 27 February 2026
Number of shares 2 184 564
Price per share 3.04p
Class of shares Ordinary
Nature of transaction Issue of ordinary shares for the successful
implementation of the sale of the South
African chrome and PGM operations
Nature of interest Direct beneficial
Total value GBP 66 421 / ZAR 1 582 804
Company director Leon Coetzer
Date of transaction 27 February 2026
Number of shares 2 069 267
Price per share 3.04p per share
Class of shares Ordinary
Nature of transaction Issue of ordinary shares following an
exercise of options
Nature of interest Direct beneficial
Total value GBP 62 915 / ZAR 1 499 268
Date: 27-02-2026 09:00:00
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