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JBL
JUJLP
JBL - Jubilee Platinum Plc - Additional issue of shares
JUBILEE PLATINUM PLC
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162
("Jubilee" or "the Company")
ISSUE OF SHARES
THIS ANNOUNCEMENT IS MADE IN TERMS OF AIM REQUIREMENTS AND IS A VOLUNTARY
ANNOUNCEMENT MADE ON THE JSE LIMITED
Application has been made for 1 222 004 ordinary shares of 1p each ("new
shares") in the Company to be admitted to trading on the AIM market of the
London Stock Exchange plc and the JSE Limited. Admission to trading is
expected to occur at 08h00 a.m. GMT 22 December 2010 on AIM and at 09h00 a.m.
SAST on JSE Limited.
The new shares will rank pari passu in all respects with the existing ordinary
shares of the Company.
The Company is issuing, in lieu of cash, 1 222 004 new shares at 31p
(ZAR3.35), being the agreed number of equivalent shares for cash at the
closing price on AIM on 15 December 2010, in settlement of liabilities to a
contractor.
Following admission to trading of the new shares, the total of Jubilee
ordinary shares in issue will be 256 536 092.
The new shares are in lieu of cash, as per an agreement between the Company
and CVMR, as final settlement for the successful completion of a feasibility
study on the Carbonyl Refining process. This feasibility study strongly
supports the inclusion of the Carbonyl Refining process in the further
refining of the platinum containing iron alloy produced by the ConRoast
process. The refining process will move Jubilee into the production of final
metals as part of the execution of its strategy of establishing a total
capability company from exploration through to final metals.
Jubilee is committed to the establishment of its first fully commercialised
ConRoast process at its Middleburg facility during 2011. The Carbonyl
Refining process will significantly enhance this investment.
For further information please contact:
Colin Bird/Leon Coetzer
Jubilee Platinum plc
Tel + 27 (0) 11 465 1913 Tel +44 (0) 20 7584 2155
Andrew Sarosi
Jubilee Platinum plc
Tel +44 (0) 1752 221937
Matthew Robinson/Rose Herbert
finnCap Ltd
Tel +44 (0) 20 7600 1658
Leonard Eiser /Sharon Owens
Sasfin Capital
Tel +27 (0) 11 809 7500
Michael Kinirons/Nick Rome
Bishopsgate Communications Ltd
Tel +44 (0) 20 7562 3350
Johannesburg
20 December 2010
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 20/12/2010 11:00:01 Produced by the JSE SENS Department.
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