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JBL
JUJLP
JBL - Jubilee Platinum Plc - Issue of Ordinary Shares for Cash
JUBILEE PLATINUM PLC
(Registration number 4459850)
JSE: JBL
AIM: JLP
ISIN GB0031852162
("Jubilee" or "the company")
ISSUE OF ORDINARY SHARES FOR CASH
INTRODUCTION
At the annual general meeting of the company held on 26 November 2008, the
requisite majority of shareholders approved an ordinary resolution authorising
the directors of the company to issue shares for cash in accordance with the
Listings Requirements of the JSE Limited ("the general authority")
As previously announced on 22 September 2009, shareholders are advised that 6
000 000 ordinary shares have been issued to public shareholders at an issue
price of 32.5 GBP pence per share ("the share issue"). The issue price
represents a discount of 8.81% to the 30 day weighted average price of 35.64 GBP
pence for the period to 18 September 2009, being the date on which the share
issue was agreed upon by the directors of Jubilee. The JSE has granted a listing
of the shares with effect from 30 September 2009.
As the share issue, cumulative with a previous issue in the current financial
year in terms of the general authority, represents a larger than 5% increase in
the number of issued ordinary shares of the company used in calculating its
financial results, the following disclosure is made in terms of section 11.22 of
the Listings Requirements.
PRO FORMA FINANCIAL EFFECTS
The unaudited pro forma financial effects of the share issue, based on the
published unaudited interim results of Jubilee for the six months to 31 December
2008, are set out below. These financial effects are the responsibility of the
directors of the company and have been prepared for illustrative purposes only
to provide information on how the share issue may have impacted on Jubilee`s
results and financial position. Due to the nature of the unaudited pro forma
financial effects it may not give a fair reflection of the company`s financial
position.
Published After the % change
Before the share issue
share issue 1
Loss per share (p)2 -0.37 -0.33 10.8%
Headline loss per -0.37 -0.33 10.8%
share (p)2
Net asset value per 32.71 32.70 0.0%
share (pence)2
Net tangible asset 8.63 9.83 13.9%
value per share
(pence)2
Number of shares in 113 013 291 119 013 291 5.3%
issue
Weighted average 108 150 721 114 150 721 5.5%
number of shares in
issue
Notes:
1. The figures in the before column are extracted from the published interim
results of Jubilee for the six months to 31 December 2008.
2. The figures in the After column assume that the shares were issued and the
cash received on 1 July 2008 and invested for 6 months at a net after tax
return of 1.4% per annum (2% before tax) for earnings purposes and that the
shares were issued and the cash received on 31 December 2008 for asset
value purposes.
Cape Town
30 September 2009
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
www.jubileeplatinum.com.
For further information please contact:
Colin Bird Suzanne Johnson-Walsh /Michael Kinirons
Jubilee Platinum plc Bishopsgate Communications Ltd
Tel +44 (0) 20 7584 2155 Tel +44 (0) 20 7562 3350
Andrew Sarosi Brian Christie/Leonard Eiser
Jubilee Platinum plc Sasfin Capital
Tel +44 (0) 1752 221937 Tel +27 (0) 11 809 7500
Matthew Robinson/Ed Frisby
FinnCap
Tel +44 (0) 20 7600 1658
Date: 30/09/2009 14:36:01 Produced by the JSE SENS Department.
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