Jubilee Metals Group PLC Updates to Share Register and Exercise of Warrants (2527N)
28 Enero 2021 - 7:46AM
UK Regulatory
TIDMJLP
RNS Number : 2527N
Jubilee Metals Group PLC
28 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")
Updates to Share Register and Exercise of Warrants
Jubilee announces that further to the announcement on 15 January
2021, it has registered the new institutional investors onto its
share register, including Jupiter Asset Management Limited which
now holds 3.65% of the Company's shares in issue. The total shares
held by significant institutional investors in Jubilee has reached
45% of the total issued capital, reflecting strong institutional
support.
The Company has also received notification from a warrant holder
to exercise 4 000 000 existing warrants in the Company (the
"Warrant Shares"). The Warrant Shares have been exercised at a
weighted average price of 3.4 pence (ZAR 70.66 cents) per Warrant
Share amounting to a cash value of GBP 136,000 (ZAR 2,826,270).
The Warrant Shares, representing 0.18 % of the enlarged issued
share capital of Jubilee, will be traded in the market and placed
with institutional shareholders to satisfy on-going institutional
demand.
Leon Coetzer, Chief Executive Officer, commented: " The
continued support we are experiencing from institutional investors
is extremely encouraging and again highlights the successful
implementation of our strategy to date and more importantly the
opportunity for investors going forward.
"Jubilee's share register now includes some 45% held by
institutional shareholders which reflects and confirms the
Company's successful development and growth potential.
"We have experienced a very positive start to 2021 operationally
including the construction of a new 80 000 tonne per month chrome
operation adjacent to Inyoni's PGM operation which is on track to
commence with commissioning during Q1 2021. The further expansion
of the Inyoni PGM operations is progressing well and I invite
shareholders to view the progress on our website.
"This expansion of our South African operations together with
the targeted significant ramp up of our copper operation in Zambia
is expected to continue to grow Jubilee's record H2 2020
earnings."
Website Updates
The Jubilee website has recently been updated to reflect the
development and construction progress across the Company's projects
as well as continuing updates being made to the library of images
at the projects. The Company's website has also been updated with a
summary of its significant shareholdings. Further information can
be found at www.jubileemetalsgroup.com
Admission and Total Voting Rights
The Warrant Shares are expected to be admitted to trading on AIM
and listed on the Altx of the JSE Limited on or about 03 February
2021 ("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
Warrant Shares, will be 2 238 588 079 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
28 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
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January 28, 2021 08:46 ET (13:46 GMT)
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