Business
Exercise of Warrants & Dealing in Securities
Exercise of Warrants & Dealing in Securities.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 0061P Jubilee Platinum PLC 11 November 2016 \n\nJubilee Platinum PLC\nRegistration number: 4459850\nAltX share code: JBL\nAIM share code: JLP\nISIN: GB0031852162\n \n(\"Jubilee\" or the \"Company\")\n \n11 November 2016\n \nExercise of Warrants\nDealing in securities\n \nJubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist, announces that is has received notification from a warrant holder to exercise 25,000,000 existing warrants in the issued share capital of Jubilee (\"the Warrant Shares\") at a price of 3.55p (ZAR63.90c) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of GBP887, 500 (ZAR16 million).\nThe Warrant Shares are expected to be admitted to trading on AIM and listed on the AltX of the JSE Limited on or about 17 November 2016 and will rank pari passu with the ordinary shares of the Company in issue.\n \nDealing in securities\n \nThe Company is issuing the final 1,848,167 new Jubilee ordinary shares (\"Shares\") at an average issue price of 2.44 pence per share to Dr. Matthews Phosa, who has elected to receive Shares in lieu of 100% of his director's remuneration accrued to him for the period 1 October 2014 to 31 July 2016. This is the final share issuance to Dr. Phosa and concludes the program of shares in lieu of director remuneration for Dr Phosa. The shares are issued under the authority of ordinary resolution number 12 and special resolution number 2 passed at the Company's Annual General Meeting held on 27 November 2013. The issue will bring Dr. Phosa's interest in the Company to 2,834,884 Shares, being 0.3% of the issued capital of the Company. The Shares are issued as fully paid and rank pari passu in all respects with the existing ordinary shares, including the right to receive all dividends and other distributions declared on or after the date on which they are issued.\nTotal voting rights\nThe Company's total issued capital, after the issue of the Warrant Shares, will be 1,017,935,361 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 thei...