Exercise of Warrants

RNS Number : 5440Z

Jubilee Platinum PLC

27 May 2016

 

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

27 May 2016

Jubilee Platinum PLC

("Jubilee" or "Company")

Exercise of Warrants

Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist announces that it has received notification from a warrant holder to exercise 1 875 000 existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of 1.6p (ZAR36.53c) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of GBP30, 000 (ZAR684, 900). The cash consideration was received on 26 May 2016. These were the last remaining warrants issued at a price below 2p.

The Warrant Shares are expected to be admitted to trading on AIM and listed on the AltX of the JSE Limited on or about 3 June 2016 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 991 087 194 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 [phone] / Tel [phone]
Andrew Sarosi
Tel [phone]

Nominated Adviser

SPARK Advisory Partners Limited
Sean Wyndham-Quin/Mark Brady
Tel: [phone]

Broker

Beaufort Securities Limited
Jon Belliss
Tel: [phone]

JSE Sponsor

Sasfin Capital, a division of Sasfin Bank Limited
Sharon Owens
Tel [phone]

 

END

 

 

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