Clarification

RNS Number : 6105Y

Jubilee Platinum PLC

25 February 2013

 



Registration number (4459850)                                          

JSE share code: JBL

AIM share code: JLP  

ISIN: GB0031852162                                      

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.

Jubilee Platinum PLC

("Jubilee" or the "Company")

CLARIFICATION

Shareholders are referred to an announcement released on the Securities Exchange News Service ("SENS") of the JSE Limited ("JSE") and through the Regulatory News Service ("RNS") of the London Stock Exchange ("LSE") on even date.

Jubilee wishes to clarify three items included in the announcement namely:

1.   The ratio of Jubilee shares offered to PLA shareholders of 1 Jubilee share for every 2.593 PLA share, as announced, is calculated with reference to the total shares in issue of Jubilee as of the date of the execution of the transaction agreements and will be updated based on the shares in issue by Jubilee at the effective date which is anticipated to be mid-May 2013;

2.   The debt to equity conversion as stated at AU$11.1 million(£7.5 million) calculates to approximately 50% of the expected total debt as at the effective date; and

3.   Under paragraph 3.5 exclusivity, the date referenced as 30 June 2013 should reference 31 May 2013.

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

Angela Teeling-Smith/Sharon Owens

Tel [phone]

NOMAD        

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]

Bishopsgate Communications Ltd

Nick Rome/Anna Michniewicz/Ivana Petkova

Tel [phone]

Johannesburg

25 February 2013

 

END

 

 

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