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JUBILEE METALS GROUP PLC - Result of Placing

Release Date: 15/09/2021 12:45
Code(s): JBL     PDF:  
Wrap Text
Result of Placing

Jubilee Metals Group PLC
Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or "the Company" or "the Group")

Result of Placing

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. ON PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS
CONSIDERED TO BE IN THE PUBLIC DOMAIN.


The Company is pleased to announce that it has today, raised gross proceeds of £ 30 million
(ZAR 592 million) as result of the fundraising announced earlier today (the “Fundraising”).

A total of 187 149 096 new ordinary shares in the capital of the Company (“New Ordinary
Shares”) have been placed by WH Ireland Limited with new and existing investors (the
“Placing”) at a price of 16.03 pence (ZAR 316.27 cents) per share (the “Issue Price”).

As previously announced, application has been made to London Stock Exchange plc for the
New Ordinary Shares to be admitted to trading on AIM. It is expected that admission will be
effective, and dealings in the New Ordinary Shares will commence, at 8.00 a.m. on 21
September 2021.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules
("DTRs"), the issued ordinary share capital of the Company following Admission will consist of
2 429 658 564 Ordinary Shares with voting rights attached (one vote per Ordinary Share).
There are no Ordinary Shares held in treasury. This total voting rights figure may be used by
shareholders as the denominator for the calculations by which they will determine whether
they are required to notify their interests in, or a change to their interest in, the Company
under the DTRs.


15 September 2021



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
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

JSE Sponsor - Sasfin Capital (a member of the Sasfin group)
Sharon Owens
Tel +27 (0) 11 809 7500

PR & IR Adviser – Tavistock
Jos Simson/ Gareth Tredway/Charles Vivian
Tel: +44 (0) 207 920 3150

PR & IR Adviser – St Brides Partners


Notes:

Jubilee Metals Group is a diversified metal recovery business with a world-class portfolio of
projects in South Africa and Zambia. We create value for all stakeholders through the
transformation of mining liabilities into profitable assets in a manner that addresses mining's
historical footprint and improves the quality of life for surrounding communities. Our
distinguishing value proposition is our net positive impact on all stakeholders and the
environment.

Our business model focuses on the retreatment and metals recovery from mine tailings,
waste, slag, slurry and other secondary materials generated from mining operations. In effect,
while extracting maximum financial returns, we responsibly rehabilitate environments
scarred by the surface footprint of historical mining operations and solving air and water
pollution issues associated with those installations.

The Company's expanding multi-project portfolio provides exposure to a broad commodity
basket including Platinum Group Metals ('PGMs'), chrome, lead, zinc, vanadium, copper and
cobalt.

Jubilee is listed on the London Stock Exchange's AIM (ticker: JLP) and the Johannesburg Stock
Exchange (ticker: JB).

Date: 15-09-2021 12:45:00
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