Exercise of Options

RNS Number : 1290N

Jubilee Metals Group PLC

30 May 2022

 

Registration number (4459850)

Altx share code: JBL

AIM share code: JLP

ISIN: GB0031852162

Jubilee Metals Group PLC

("Jubilee" or "the Company" or "the Group")

Dissemination of a Regulatory Announcement that contains inside information according to UK Market Abuse Regulations. Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

Exercise of Options

Jubilee announces that it has received notification from a director, Dr NM Phosa, to exercise 1 500 000 options in the Company (the "Director Shares) at an average price of 4.5 pence (ZAR 87.8 cents) per Director Share amounting to a cash value of £ 67,500 (ZAR 1.3 million).

The Company will issue 1 500 000 Director Shares at an average issue price of 4.5 pence per share to Dr Phosa. Dr Phosa's interest in the Company after the exercise is 4 227 384 ordinary shares representing approximately 0.16% of the enlarged issued capital of the Company.

Jubilee further announces that it has received notification from employees to exercise 13 500 000 options in the Company (the "Option Shares"). The Option Shares have been exercised at an average price of 5 pence (ZAR 97.6 cents) per Option Share amounting to a cash value of £ 665,000 (ZAR 13 million).

The Director Shares and Option Shares are issued as fully paid and rank pari passu in all respects with the existing ordinary shares, including the right to receive all dividends and other distributions declared on or after the date on which they are issued.

Admission and Total Voting Rights

The Director Shares and the Option Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on 6 June 2022 ("Admission") and will rank pari passu with the ordinary shares of the Company in issue.

The Company's total issued capital, after the issue of the Director Shares and the Option Shares, will be 2 657 051 370 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.

United Kingdom

30 May 2022

For further information visit www.jubileemetalsgroup.com   or contact:

Jubilee Metals Group PLC

Leon Coetzer

Tel:  [phone]

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/ James Keeshan

Tel: [phone]

Broker - Shard Capital Partners LLP

Damon Heath/ Erik Woolgar

Tel [phone]

Joint Broker - Berenberg

Matthew Armitt/ Jennifer Lee/ Detlir Elezi

Tel [phone]

Joint Broker - WHIreland

Harry Ansell/ Katy Mitchell

Tel: [phone]

JSE Sponsor - Questco Corporate Advisory Proprietary Limited

Sharon Owens

Tel: [phone]

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway/ Charles Vivian

Tel: [phone]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nakedi Mathews Phosa
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Jubilee Metals Group PLC
b)	LEI	2138002XB5DB3B87SH92
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares
	Identification code	GB0031852162
b)	Nature of the transactions	Director share purchase pursuant to exercise of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			3.5 pence	500 000
			4 pence	500 000
			6 pence	500 000
d)	Aggregated information
	-  Aggregated volume	1 500 000
	-  Purchase Price -  Selling price	Average 4.5 pence NA
e)	Date of the transactions	30 May 2022
f)	Place of the transactions	London Stock Exchange, AIM

 

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