Exercise of Warrants

RNS Number : 9862V

Jubilee Platinum PLC

03 February 2017

 

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

3 February 2017

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 2 500 000 existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of 3.15975p (ZAR53.59c) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of GBP 78,993.75 (ZAR1, 339, 870).

The warrants relate to past funding arrangements for the Company with no further warrants been issued by the Company.

As at the date of this announcement the following warrants remain outstanding:

Number of warrants	Subscription price £s	Expiry
625,000	0.02000	31/03/2017
500,000	0.02500	31/03/2017
5,450,000	0.03160	12/08/2018
3,591,742	4.75000	12/08/2018
18,244,825	4.72500	23/03/2019

The Warrant Shares are expected to be admitted to trading on AIM and listed on the AltX of the JSE Limited on or about 09 February 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      1 035 785 942 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]

JSE Sponsor

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

Nominated Adviser

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

Broker

Beaufort Securities Limited
Jon Belliss
Tel: [phone]

 

END

 

 

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