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JUBILEE PLATINUM PLC - Issue of shares for equity

Release Date: 25/01/2013 09:00
Code(s): JBL     PDF:  
Wrap Text
Issue of shares for equity

JUBILEE PLATINUM PLC
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162
("Jubilee" or "the Company")

ISSUE OF EQUITY


Jubilee Platinum, the AIM and JSE Limited ("JSE") quoted mine-
to-metal specialist, wishes to advise that it has made
application to AIM and the JSE for the listing of the
following shares:

- 6,187,765 shares as consideration for the purchase of
further shares in Jubilee subsidiary Power Alt (Pty) Ltd
(“Power Alt”). As a result Jubilee’s holding in Power Alt will
increase by 9.5% to 68.1%;

- 907,276 shares as consideration for the purchase of a
further 5% interest in Jubilee subsidiary Pollux Investment
Holdings (Pty) Ltd (“Pollux”). As a result Jubilee will own
67.5% of Pollux; and

- 584,689 shares to Majestic Filtration Solutions (Pty) Ltd as
vendor consideration.

It is expected that the above issue of 7,679,730 ordinary
shares of 1 pence each will be admitted to trading on AIM and
the JSE on 28 January at 8am GMT and 10am SAST respectively.


Following the above shares issue, the total issued share
capital of the Company will be 345,110,121. The Company holds
no ordinary shares in treasury. Therefore, following the issue
of equity, the total number of voting rights in the Company
will be 345,110,121.


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 7220 0500


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


25 January 2013
Johannesburg


Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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