TIDMJLP

RNS Number : 6824K

Jubilee Metals Group PLC

06 January 2021

Jubilee Metals Group PLC

Registration number (4459850)

Altx share code: JBL

AIM share code: JLP

ISIN: GB0031852162

("Jubilee" or "the Company" or "the Group")

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 19 417 476 existing warrants of the Company, representing 0.9 % of the enlarged issued share capital of Jubilee ("the Warrant Shares") at a price of 3.375 pence (ZAR 68.92 cents) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of GBP 655,340 (ZAR 13,382,039).

The Warrant Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about 12 January 2021 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 2 132 621 494 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

6 January 2021

**ENDS**

   For further information visit www.jubileemetalsgroup.com   or contact:

Jubilee Metals Group PLC

Colin Bird/Leon Coetzer

Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/James Keeshan

Tel: +44 (0) 20 3368 3555

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 - Sasfin Capital (a member of the Sasfin group)

Sharon Owens

Tel +27 (0) 11 809 7500

PR & IR Adviser - St Brides Partners Limited

Catherine Leftley/Beth Melluish

Tel +44 (0) 20 7236 1177

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END

MSCBAMRTMTAMBRB

(END) Dow Jones Newswires

January 06, 2021 02:00 ET (07:00 GMT)

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