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JUBILEE PLATINUM PLC - Update notification

Release Date: 17/01/2017 15:00
Code(s): JBL     PDF:  
Wrap Text
Update notification

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

Update notification and Exercise of Warrants
Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist intends to provide a
comprehensive update on the commissioning progress of its chromite and PGM plant
at Hernic within the following week. The current target is the circulation of fluid
through the integrated chromite recovery circuit following the mechanical testing and
circuit integration. The chromite recovery plant tailings provides the feed to the PGM
circuit.
The Company also announces that it has received notification from a warrant holder
to exercise 2 300 000 existing warrants in the issued share capital of Jubilee ("the
Warrant Shares") at a price of 3.159 pence (ZAR51.85 cents) per Warrant Share.
The exercise of Warrant Shares amounts, in aggregate, to a cash value of GBP72,
674.25 (ZAR1, 192, 620).
The Warrant Shares are expected to be admitted to trading on AIM and listed on the
AltX of the JSE Limited on or about 23 January 2017 and will rank pari passu with
the ordinary shares of the Company in issue.
Total voting rights
The Company's total issued capital, after the issue of the Warrant Shares, will be
1 020 235 361 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.

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

JSE Sponsor

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

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 8300

17 January 2017
United Kingdom

Date: 17/01/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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