Business
Amendment re Pro forma financial effects
Amendment re Pro forma financial effects.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 1806C Jubilee Platinum PLC 12 April 2013 \n \n\nJubilee Platinum PLC\nRegistration number (4459850)\nJSE share code: JBL\nAIM share code: JLP\nISIN: GB0031852162\n \n12 April 2013\n \nNot 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.\n \nJubilee Platinum\n(\"Jubilee\" or the \"Company\")\n \nAmendment: Pro forma financial effects reference to currency unit amended to reflect pence not cents\n \n \nThe following announcement replaces the announcement made on 11 April 2013 at 11.30 am (UK time) and 12.30pm (SA time) with the RNS number 1262C and the SENS Number S30562. The units in the two tables should be \"pence\" rather than \"cents\", with no effect on numbers. All other details remain unchanged. The full amended text is shown below.\n \n \nUNAUDITED PRO FORMA FINANCIAL EFFECTS OF THE PROPOSED ACQUISITION BY JUBILEE OF PLATINUM AUSTRALIA LIMITED AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT\n \n \nJubilee Platinum, the JSE listed and AIM quoted 'Mine-to-Metals' exploration and development company, is pleased to announce the unaudited pro forma financial effects of the proposed acquisition of the entire issued capital of Platinum Australia Limited (\"PLA\") by Jubilee (\"the Transaction\"). \n \nKey Features based on 30 June 2012 pro forma results:\n \n· Headline loss per share reduced by 6.17%;and\n· Tangible net asset value per share up 317.72%\n \nOn 25 February 2013, the Company announced that it had executed the Implementation Deed and Supporting Transactional Documents (\"Transactional Agreements\") relating to the acquisition of PLA by Jubilee to be effected by way of a scheme of arrangement in terms of Australian law. The announcement incorporated a cautionary statement.\n \nCompletion of the Transaction would result in the creation of a significant South African platinum group metals producer supported by strong prospects for expansion through the development of its near-surface resources. This would propel Jubilee into a fully integrated, operational platinum mining company offering both short-term and long-term growth of the current operations.\...