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Exercise of options

Published: 2022-05-30 09:03:49 ET

 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 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 £ 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 £ 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.
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


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


United Kingdom
30 May 2022

JSE Sponsor to Jubilee




Questco Corporate Advisory Proprietary Limited
Sharon Owens

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.