TIDMJLP
RNS Number : 8986M
Jubilee Metals Group PLC
26 May 2022
Jubilee Metals Group PLC
Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("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.
Appointment of new Chairman and senior leadership roles
New Joint-Broker Appointment
-- Appointment of Mr Ollie Oliveira as Non-Executive Chairman
-- Expansion of Executive Committee dedicating further resources
to the Global Expansion Strategy
-- Appointment of Berenberg as Joint Broker
Jubilee, a leader in metals processing with operations in Africa
(AIM: JLP/Altx: JBL), is pleased to announce the appointment of
Manuel Lino Silva de Sousa Oliveira (Ollie) as independent
non-executive director of the Company with immediate effect.
The board has also voted unanimously to appoint Mr. Oliveira as
the independent non-executive Chairman of Jubilee with effect from
1 June 2022. The appointment of Mr. Oliveira follows the previously
announced decision by Colin Bird, founder of Jubilee, to retire as
non-executive Chairman from the Jubilee board. Colin will step down
as Chairman to pursue his various initiatives outside of Jubilee
with effect from 1 June 2022, following which he will step into an
advisory role assisting with special projects as advised by the
board with no continued executive duties.
Jubilee is also pleased to announce the appointment of Joh.
Berenberg, Gossler & Co KG ("Berenberg") as joint corporate
broker alongside its existing brokers, with immediate effect.
Jubilee also announces key changes to the members of its
Executive Committee under the leadership of the Chief Executive
Officer, Leon Coetzer, in-line with its drive to expand its
business globally. Pedja Kovacevic steps into the role as Chief
Strategy Officer ("CSO") to dedicate his focus to the global
expansion drive, from his current role as Group CFO, with Peet van
Coller who joined the Company as the new Group CFO.
Colin Bird, outgoing non-executive Chairman, commented: "When I
first founded Jubilee and listed the business in 2004, I would
never have guessed we would forge such a unique path in the South
African platinum and chrome sector and in Zambian copper, one that
took us from a prospective underground miner to where we are today
- a leader, not only in the Bushveld Complex, but now globally, in
the extraction of metals from waste.
"As I said at the AGM in December, when announcing the decision
to step aside, the development of Jubilee over recent years has
been an exciting period for all of us and the Company is incredibly
well positioned to expand internationally. I have no doubt that
Ollie is the right person to join a very capable executive team
under the leadership of Leon Coetzer, to steer Jubilee in the next
phase of its evolution and I look forward to collaborating with
Ollie and Leon to offer my support to the Company, that I continue
to hold very dearly."
Leon Coetzer, CEO, commented: "I welcome Ollie to the board of
Jubilee and look forward with great confidence to working closely
with him as we continue to build on our recent period of
significant growth and sustained financial performance. Ollie's
experience will be of significant value to our Company given his
vast experience, knowledge of the sector and deep understanding of
financial markets, as the roll-out of our global metals processing
strategy continues this year and beyond.
"I would like to take this opportunity to extend my sincere
thanks to Colin who has been instrumental in steering Jubilee to
the Company it is today. Having founded Jubilee, Colin has worked
tirelessly to build our position and reputation, and the leading
metal processing expertise he has helped create can now be deployed
as we implement our strategy to grow internationally.
"On a personal note, Colin has been a mentor for me for many
years now and I would like to thank him for his guidance and
mentorship. I look forward to continuing my work with Colin as he
steps into an advisory role and we broaden our focus in an
organised, strategic, but aggressive way, with the global roll-out
of the Company's brand, 'The Jubilee Way'."
Ollie Oliveira, incoming non-executive Chairman, commented: "I
am excited to be joining such a unique business at this exciting
point in its growth phase. It is rare that a metal producing
company's core business also serves to clean up the environmental
liabilities of the past. And, while the opportunities to roll out
this model globally are numerous, they need to be pursued with
prudence and sound judgement.
"On behalf of the board, I would like to thank Colin for his
stewardship over the years, helping Jubilee become the great
company it is today. Personally, I am grateful that he has agreed
to stay on in an advisory role for the next two years. The benefits
of a smooth transition and his passing on of knowledge in the
Company cannot be underestimated."
The appointment of Ollie is part of the Company's global
development plan as set out previously.
Ollie is a Chartered Accountant and economist with over 35 years
of strategic and operational experience in the mining industry and
corporate finance. Mr Oliveira has substantial international
experience, having been an executive and non-executive director,
and chair of board committees, of companies quoted on various
exchanges. He previously held senior executive positions within the
Anglo-American Group, including as Executive Director - Corporate
Finance as well as Head of Strategy and Business Development at De
Beers S.A. Ollie has led and managed corporate finance assignments
totalling in excess of US$ 36 billion covering every major
commodity, including the US$ 19.3 billion De Beers
public-to-private transaction in 2001. With his executive
experience, Mr Oliveira has profound knowledge and contacts at
Government levels in a number of African and South American
resources jurisdictions.
Ollie currently serves as a non-executive director and chair of
the audit committee of Vale S.A., the Brazilian multinational
corporation engaged in metals and mining and one of the largest
logistics operators in Brazil. In addition, he has previously been
on the board, in non-executive capacities, of BlackRock World
Mining Trust Plc, Polymetal International plc and Antofagasta
Minerals plc - the latter two being former and current
constituents, respectively, of the FTSE 100.
Critically Ollie, who is based in the UK, has over 18 years of
experience in engaging with London-based institutional investors.
His appointment follows a thorough assessment of potential
candidates and was approved after a unanimous vote by Jubilee
directors.
The following details in relation to the appointment of Manuel
Lino Silva de Sousa Oliveira (aged 70) are disclosed in accordance
with Schedule 2(g) of the AIM Rules:
CURRENT PREVIOUS 5 YEARS
Vale S.A. Antofagasta plc
----------------------------------
BlackRock World Mining Trust plc
----------------------------------
BlackRock World Mining Investment
Company Limited
----------------------------------
Polymetal International plc
----------------------------------
Antofagasta plc
----------------------------------
Greengrove Capital LLP
----------------------------------
Marula Investments Limited
----------------------------------
Elvaston Investing Limited
----------------------------------
There is no further information to be disclosed in relation to
Manuel Lino Silva de Sousa Oliveira appointment pursuant to AIM
Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for
Companies.
26 May 2022
For further information visit www.jubileemetalsgroup.com or contact:
Jubilee Metals Group PLC
Leon Coetzer
Tel: +27 (0) 11 465 1913
Nominated Adviser - SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555
Joint Broker - Berenberg
Matthew Armitt/Jennifer Lee/Detlir Elezi
Tel +44 (0) 20 3207 7800
Joint Broker - Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel +44 (0) 20 7186 9900
Joint Broker - WHIreland
Harry Ansell/Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618
JSE Sponsor - Questco Corporate Advisory Proprietary Limited
Sharon Owens
Tel: +27 (11) 011 9212
PR & IR Adviser - Tavistock
Jos Simson/ Gareth Tredway/Charles Vivian
Tel: +44 (0) 207 920 3150
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END
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(END) Dow Jones Newswires
May 26, 2022 02:01 ET (06:01 GMT)
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