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Exercise of Warrants and Options
Registration number (4459850)
AIM share code: JLP
Altx share code: JBL
ISIN: GB0031852162
Jubilee Metals Group PLC
("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 and Options
Jubilee, a leading diversified metals processor in Africa with significant operations in South Africa and
Zambia, is announcing that it has received notification from a warrant holder to exercise 3 068 740
existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of 4 pence per
Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of £0.12 million.
The Company also announces the issue of 4 000 000 new ordinary shares following the exercise of
options (the "Option Shares"). The Option Shares have been exercised at an average price of 5 pence
per Option Share.
The new Warrant and Option Shares represent 0.24% of the total issued capital of the Company.
Admission and Total Voting Rights
The Warrant Shares and Option Shares are expected to be admitted to trading on AIM and listed on the
Altx of the JSE Limited on or about 7 June 2024 ("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 Option and Warrant Shares, will be 2 990 562
357 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
3 June 2024
For further information visit www.jubileemetalsgroup.com or please contact:
Jubilee Metals Group PLC
Leon Coetzer (CEO) /Neal Reynolds (CFO)
Tel: +27 (0) 11 465 1913
Nominated Adviser - SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
Tel: +44 (0) 20 3368 3555
Joint Broker – RBC Capital Markets
Farid Dadashev/Jamil Miah
Tel +44 (0) 20 7653 4000
Joint Broker - WHIreland
Harry Ansell/Katy Mitchell
Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618
JSE Sponsor - Questco Corporate Advisory Proprietary Limited
Alison McLaren
Tel: +27 (0)11 011 9207
PR & IR Adviser - Tavistock
Jos Simson/ Gareth Tredway
Tel: +44 (0) 207 920 3150
About Jubilee
Jubilee is listed on the Alternative Investment Market of the London Stock Exchange (AIM: JLP) and on
the Alternative Exchange of the Johannes Stock Exchange (Altx: JBL). Jubilee is a low-cost, diversified
producer, specialising in the recovery and processing of metals from previously overlooked resources,
such as unprocessed historical waste rock, Run-Of-Mine materials and tailings in Zambia and South
Africa. The Company's low-capex, modular processing facilities are deployed close to these various types
of material, producing high grade concentrates for sale or further refining to finished metal at the
Company's downstream facilities. Production currently consists of copper, chrome, and Platinum Group
Metals (PGMs). The modular processing facilities offer a platform for growth and the rapid expansion of
Jubilee's operational footprint in Zambia and South Africa. Jubilee's success is derived from operational
and technical excellence, a highly experienced management team and a pioneering Technical
Development Centre.
Date: 03-06-2024 09:00:00
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