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JUBILEE PLATINUM PLC - Update on general meeting and invite to live webcast

Release Date: 21/07/2015 11:23
Code(s): JBL     PDF:  
Wrap Text
Update on general meeting and invite to live webcast

Jubilee Platinum PLC
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or the "Company”)


Update Notice of General Meeting

Invite to Live Webcast


Highlights

   -  Live Webcast hosted by Jubilee board 10am GMT, Thursday, 23 July 2015
   -   Jubilee set for the construction and commissioning of its two platinum surface tailings
       processing projects (“Tailings Projects”)

The Company announces that a General Meeting has been called to be held on Friday, 07
August 2015 at the offices of Fasken Martineau LLP, 17 Hanover Square, London, W1S
1HU at 14:00 (GMT). The Notice and form of proxy have been posted to all shareholders on
Monday 20 July 2015, and will also be available on the Company’s website.

The Company is also pleased to announce that a LIVE webcast is arranged for 10am GMT,
Thursday, 23 July 2015, which will offer shareholders the opportunity to engage directly with
the Jubilee Board. As announced on 16 July 2015, Jubilee executed a sale and purchase
agreement, subject to shareholder approval, to dispose of 100% of the issued shares of
Jubilee Smelting and Refining Proprietary Limited, a subsidiary of Jubilee owning the
Middelburg Smelter Complex, for ZAR72.0 million (approximately GBP3.8 million) and 70%
of the issued shares in Power Alt Proprietary Limited owning the power plant, for ZAR38.5
million (approximately GBP2.0 million) collectively referred to as the Middelburg Operations.

Following the Disposal, Jubilee will retain the right to a 5MW ConRoast smelting facility at
Middelburg and will receive significant cash to assist in the financing of its future surface
platinum tailings processing operations. Terms for further funding, required to simultaneously
execute the Tailings Projects have been offered by a number of financial institutions. The
Disposal is in keeping with the Company’s stated mission of bringing into production the
Tailings Projects targeting a processing capacity of 80 000 tons per month of surface
material.

To participate, please follow the link provided:

http://webcasting.brrmedia.co.uk/broadcast/139483




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

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 8416

JSE Sponsor
Sasfin Capital, a division of Sasfin Bank
Limited Sharon Owens
Tel +27 (0) 11 809 7500



21 July 2015

Date: 21/07/2015 11:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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