RNS Number : 1290N

Jubilee Metals Group PLC

30 May 2022

Registration number (4459850)

Altx share code: JBL

AIM share code: JLP

ISIN: GB0031852162

Jubilee Metals Group PLC

("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.

Exercise of Options

Jubilee announces that it has received notification from a director, Dr NM Phosa, to exercise 1 500 000 options in the Company (the "Director Shares) at an average price of 4.5 pence (ZAR 87.8 cents) per Director Share amounting to a cash value of GBP 67,500 (ZAR 1.3 million).

The Company will issue 1 500 000 Director Shares at an average issue price of 4.5 pence per share to Dr Phosa. Dr Phosa's interest in the Company after the exercise is 4 227 384 ordinary shares representing approximately 0.16% of the enlarged issued capital of the Company.

Jubilee further announces that it has received notification from employees to exercise 13 500 000 options in the Company (the "Option Shares"). The Option Shares have been exercised at an average price of 5 pence (ZAR 97.6 cents) per Option Share amounting to a cash value of GBP 665,000 (ZAR 13 million).

The Director Shares and Option Shares are issued as fully paid and rank pari passu in all respects with the existing ordinary shares, including the right to receive all dividends and other distributions declared on or after the date on which they are issued.

Admission and Total Voting Rights

The Director Shares and the Option Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on 6 June 2022 ("Admission") and will rank pari passu with the ordinary shares of the Company in issue.

The Company's total issued capital, after the issue of the Director Shares and the Option Shares, will be 2 657 051 370 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.

United Kingdom

30 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

Broker - Shard Capital Partners LLP

Damon Heath/ Erik Woolgar

Tel +44 (0) 20 7186 9900

Joint Broker - Berenberg

Matthew Armitt/ Jennifer Lee/ Detlir Elezi

Tel +44 (0) 20 3207 7800

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Nakedi Mathews Phosa 
      ---------------------------------------  --------------------------------------- 
       Reason for the notification 
 a)    Position/status                          Non-Executive Director 
      ---------------------------------------  --------------------------------------- 
 b)    Initial notification                     Initial notification 
      ---------------------------------------  --------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
 a)    Name                                     Jubilee Metals Group PLC 
      ---------------------------------------  --------------------------------------- 
 b)    LEI                                      2138002XB5DB3B87SH92 
      ---------------------------------------  --------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
 a)    Description of the                       Ordinary shares 
        financial instrument, 
        type of instrument 
       Identification code                      GB0031852162 
 b)    Nature of the transactions               Director share purchase pursuant 
                                                 to exercise of options 
      ---------------------------------------  --------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -------------------  --------------- 
                                                 Price(s)             Volume(s) 
                                                -------------------  --------------- 
    3.5 pence                                                         500 000 
   ----------------------------------------------------------------  --------------- 
    4 pence                                                           500 000 
   ----------------------------------------------------------------  --------------- 
    6 pence                                                           500 000 
   ----------------------------------------------------------------  --------------- 
 d)    Aggregated information 
                                           1 500 000 
    *    Aggregated volume 
                                           Average 4.5 pence 
    *    Purchase Price                     NA 
    *    Selling price 
 e)    Date of the transactions                 30 May 2022 
      ---------------------------------------  --------------------------------------- 
 f)    Place of the transactions                London Stock Exchange, AIM 
      ---------------------------------------  --------------------------------------- 

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(END) Dow Jones Newswires

May 30, 2022 02:00 ET (06:00 GMT)

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