Update regarding proposed merger with PLA

RNS Number : 2030Y

Jubilee Platinum PLC

19 February 2013

 



Jubilee Platinum plc                                                    

(Registration number 4459850)                                                    

JSE share code: JBL                                                

AIM share code: JLP  

ISIN: GB0031852162                                      

19 February 2013

Jubilee Platinum PLC

("Jubilee" or the "Company")

Update regarding the proposed merger between Jubilee and Platinum Australia Ltd ("PLA") and renewal of cautionary announcement

Jubilee Platinum, the AIM and JSE Limited quoted mine-to-metal specialist, is pleased to announce that, further to previously announced cautionary announcements, the most recent of which was announced on 5 February 2013, all transactional documents for the proposed merger ("Merger") by Jubilee with PLA, have been finalised for execution save for the finalisation of the PLA creditors' compromise arrangements which are expected to be concluded within the next 72 hours. A further announcement will be made upon completion of execution by both parties.

The projected completion date of the Merger remains unchanged for mid-May 2013.

Shareholders are advised to continue to exercise caution when dealing in their securities until a further detailed announcement is made.

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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