JLP

TIDMJLP

RNS Number : 4781H

Jubilee Metals Group PLC

24 November 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.

Exercise of Warrants

Jubilee Metals Group ("Jubilee" or the "Company" or the 'Group') , the AIM and Altx traded metals processing company is announcing that it has received notification from a warrant holder to exercise 8 509 713 existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of 6.12 pence (ZAR125 cents) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of GBP0.52 million (ZAR10.65 million).

Following the exercise of the Warrant Shares the warrant holder holds no further warrants. The Warrant Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about 30 November 2022 and will rank pari passu with the ordinary shares of the Company in issue.

Total voting rights

The Company's total issued capital, after the issue of the Warrant Shares, will be 2 689 854 150 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

24 November 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 - 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) Dow Jones Newswires

November 24, 2022 02:30 ET (07:30 GMT)

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