Business
Issue Of Ordinary Shares For
Issue Of Ordinary Shares For.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n RNS Number : 9651Z Jubilee Platinum PLC 30 September 2009 \n \n\n\nDate: 30 September 2009\nAIM: JLP\nJSE:JBL\nRegistration number :4459850\nISIN GB0031852169\n\n\n\nJUBILEE PLATINUM PLC \n\n('Jubilee' or the 'Company') \n\nISSUE OF ORDINARY SHARES FOR CASH\n\nINTRODUCTION\n\nAt 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') \n\nAs 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.\n\nAs 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.\n\n\nPRO FORMA FINANCIAL EFFECTS\n\nThe 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.\n\n\n\n\n\n \n\n\nPublished Before the share issue 1\n\n\n\nAfter the share issue\n\n\n\n% change \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLoss per share (p)2\n\n\n -0.37 \n\n\n-0.33 \n\n\n10.8%\n\n\n\n\nHeadline loss per share (p)2\n\n\n-0.37 \n...