Issue of Equity

RNS Number : 7306Y

Jubilee Platinum PLC

27 February 2013

 



Registration number (4459850)                                          

JSE share code: JBL

AIM share code: JLP  

ISIN: GB0031852162                                 

 27 February 2013

Jubilee Platinum PLC

("Jubilee" or the "Company")

Issue of Equity

Further to the announcement on 27 September 2012, Jubilee, the AIM and JSE Limited ("JSE") quoted mine-to-metal specialist, is issuing 1,194,455 Shares as the third and final tranche of consideration for the purchase of further shares in Jubilee subsidiary Power Alt (Pty) Ltd ("Power Alt"). As a result, Jubilee's holding in Power Alt will increase by 1.9% to 70% and completes its acquisition goal for Power Alt, thereby enabling the Company to pursue its strategy to maximise Jubilee's exposure to the growing demand for the sale of private energy to the South African electricity public utility.

The Company expects that 1,194,455 ordinary shares of 1 pence each will be admitted to trading on AIM and the JSE on 28 February at 8am United Kingdom time and 10am South African time respectively.

Following the above share issue, the total issued share capital of the Company will be 346,304,576. The Company holds no ordinary shares in treasury. Therefore, following the issue of equity, the total number of voting rights in the Company will be 346,304,576.

Contacts

Jubilee Platinum plc                          

Colin Bird/Leon Coetzer                   

Tel [phone] / Tel [phone]

Andrew Sarosi         

Tel [phone]

finnCap Ltd

Matthew Robinson/Ben Thompson - corporate finance

Joanna Weaving - corporate broking

Tel [phone]

Shore Capital Stockbrokers Limited (Joint Broker)

Jerry Keen/Edward Mansfield

Tel: [phone]

Sasfin Capital

Leonard Eiser/Sharon Owens

Tel [phone]

Bishopsgate Communications Ltd

Nick Rome/Anna Michniewicz/Ivana Petkova

Tel [phone]

 

END

 

 

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