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Issue of equity in terms of general authority
JUBILEE PLATINUM PLC
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162
("Jubilee" or "the Company")
Issue of Equity
Jubilee, the AIM and JSE quoted mine-to-metal specialist, is pleased to announce a conditional
placing of up to 20,175,439 new ordinary shares of 1 pence each in the Company (the “Placing
Shares”) at a price of 8.55 pence to raise up to GBP 1.725 million (the “Placing”).
The Placing Shares have been placed jointly by Shore Capital Stockbrokers Limited and finnCap
Limited as agents to the Company, subject to the conditions of a placing agreement which include
admission of the shares to trading on AIM market of the London Stock Exchange (“AIM”) which is
expected to occur on 19 October 2012.
The proceeds of the Placing will be used, together with existing cash resources, to support growth
within the Company’s strategic business areas, through which Jubilee is implementing its mine-to-
metals strategy.
The Placing Shares will rank pari passu with the existing shares in issue of Jubilee.
In addition to the Placing, the Company, further to the announcement dated 27 September 2012, is
issuing 3,863,276 new ordinary shares for £384,900 (ZAR5,255,600) as the first tranche of
consideration for the acquisition of an additional 19% interest in Power Alt (Pty) Ltd. Additionally,
Jubilee is issuing 434,690 new ordinary shares to a party for £38,975 (ZAR518,890) and 625,000 new
ordinary shares to a second party for £57,895 (ZAR766,710) in part consideration of the settlement
agreement with the shareholders of Jubilee Smelting and Refining (Pty) Ltd (“JSR”) to acquire 100%
of JSR.
Following the above share issues and the Placing, the total issued share capital of the Company will
be 313,220,211. The Company holds no ordinary shares in treasury. Therefore, following the placing,
the total number of voting rights in the Company will be 313,330,211.
Leon Coetzer, Chief Executive Officer of Jubilee Platinum said: “The Board of Jubilee is pleased with
the continued support of our shareholders while the addition of new investors following the Placing
further strengthens our shareholder base.”
PRO FORMA FINANCIAL EFFECTS
At the general meeting of the Company held on 11 June 2012, the requisite majority of Jubilee
shareholders approved an ordinary resolution authorising the directors to issue shares for cash in
accordance with the Listings Requirements of the JSE (“general authority”). The Placing is being
undertaken in accordance with the general authority.
The unaudited pro forma financial effects of the issue of new ordinary shares in terms of general
authority, based on the published reviewed financial results of Jubilee for the twelve months to 30
June 2012, are set out below. The financial effects have been prepared in accordance with the terms of
the Listings Requirements of the JSE Limited, are for illustrative purposes only and due to their
nature, may not truly reflect Jubilee's financial position or results of operations. The directors of
Jubilee are responsible for the preparation of the unaudited pro forma financial effects.
Percentage
Effects per Jubilee share Before 1 After placing 2
change
(Loss)/ earnings per share (pence) 2.61 2.36 9.46%
Headline (loss)/ earnings per share (pence) 2.61 2.36 9.46%
Net asset value per share (pence) 25.20 24.11 -4.32%
Tangible net asset value per share (pence) 5.07 5.30 4.49%
Weighted average shares in issue ('000) 279,146.63 279,201.91 0.02%
Shares in issue ('000) 288,121.81 308,297.25 7.00%
Notes:
1. The figures in the Before column are extracted from the published reviewed results of Jubilee for
the twelve month to 30 June 2012. The shares in issue include 31,585,714 shares issued in terms of
the general authority prior to 30 June 2012.
2. The figures in the After placing column assume that:
The Placing Shares issued in terms of the general authority were in issue from 30 June 2012 for loss
per share and headline loss per share purposes and the cash received on 30 June 2012 for net asset
value per share and tangible net asset value per share purposes.
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
finnCap Ltd
Matthew Robinson/Ben Thompson– corporate finance
Joanna Weaving – corporate broking
Tel +44 (0) 20 7600 1658
Shore Capital Stockbrokers Limited (Joint Broker)
Jerry Keen/Edward Mansfield
Tel: +44 (0) 20 7 408 4090
Sasfin Capital
Leonard Eiser/Sharon Owens
Tel +27 (0) 11 809 7500
Bishopsgate Communications Ltd
Nick Rome/Anna Michniewicz/Ivana Petkova
Tel +44 (0) 20 7562 3350
Johannesburg
15 October 2012
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 15/10/2012 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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