| Thu 23 Apr 2009, 15:00 | | JBL - Jubilee Platinum Plc - Issue Of Shares |
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JBL
JUJLP
JBL - Jubilee Platinum Plc - Issue Of Shares
JUBILEE PLATINUM PLC
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162
("Jubilee" or "the Company")
ISSUE OF SHARES
Application has been made to the London Stock Exchange and the JSE Limited
("JSE") for 3,224,636 new ordinary shares of GBP0.01 each in the capital of
Jubilee ("new shares") to be admitted to trading. Dealing in these shares is
expected to commence on 24 April 2009.
The new shares have been issued and allotted, in terms of the company`s general
authority to issue shares, obtained at its annual general meeting on 26 November
2008, to the public shareholders listed below. The new shares are issued and
allotted as a result of the achievement of Performance Hurdle Number 1 (renewal
of the converted prospecting right for the company`s Tjate Platinum project)
under the terms of the deferred share agreement entered into by Jubilee on 21
January 2009 and in fulfilment in part of an obligation to the Department of
Minerals and Energy the details of which were previously announced on 2 April
and 19 June 2008.
Tiego Moseneke 1,736,342 shares
Energy Inc. 496,098 shares
Pilwe Youth Group 496,098 shares
Mafath`U Mining C.C. 496.098 shares
The new shares will be issued at the subscription price of ZAR1.527147
(equivalent to 10.59p per share, assuming an exchange rate of ZAR14.42 = GBP1);
being the volume weighted average price of Jubilee shares on the JSE for the 30
trading days prior to 21 January 2009.
The new shares will rank pari passu in all respects with the existing ordinary
shares of the company.
Following admission to trading of the above new shares, the total of Jubilee
ordinary shares in issue will be 116,237,927, of which the allotted shares will
represent 2.77%.
Enquiries:
Jubilee Platinum plc
Colin Bird, Chairman
+44 (0) 20 7584 2155
Jubilee Platinum plc
Andrew Sarosi
+44 (0) 1752 221937
FinnCap
Matthew Robinson, Rose Herbert
+44 (0) 20 7600 1658
Sasfin Capital
Brian Christie, Leonard Eiser
+27 (0) 11 809 7500
Bishopsgate Communications Ltd
Suzanne Johnson-Walsh, Michael Kinirons
+44 (0) 20 7562 3350
Johannesburg
23 April 2009
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 23/04/2009 15:00:01 Produced by the JSE SENS Department.
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