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Exercise of Warrants

Published: 2023-01-18 11:00:35 ET
<<<  go to JSE:JBL company page
 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 two warrant holders to exercise
32 159 446 existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of
6.12 pence (ZAR127 cents) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate,
to a cash value of approximately £2 million (ZAR42 million).

The Warrant Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE
Limited on or about Monday, 24 January 2023 and will rank pari passu with the ordinary shares of the
Company in issue.

Following the admission of the Warrant Shares, the balance of warrants issued at 6.12 pence is 921 940
warrants.

Total voting rights

The Company's total issued capital, after the issue of the Warrant Shares, will be 2 727 013 596 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

18 January 2023



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


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

JSE Sponsor to Jubilee




Questco Corporate Advisory Proprietary Limited
Sharon Owens

Tel: +27 (11) 011 9212