Update Notice of GM and Invite to Live Webcast

RNS Number : 6259T

Jubilee Platinum PLC

21 July 2015

 

AIM: JLP

JSE: JBL

Registration number: 4459850

ISIN GB0031852162                                                                                                          

21 July 2015

Jubilee Platinum PLC

("Jubilee" or the "Company")

Update Notice of General Meeting

Invite to Live Webcast

Highlights

·  Live Webcast hosted by Jubilee board 10am GMT, Thursday, 23 July 2015

·  Jubilee set for the construction and commissioning of its two platinum surface tailings processing projects("Tailings Projects")

The Company announces that a General Meeting has been called to be held on Friday, 07 August 2015 at the offices of Fasken Martineau LLP, 17 Hanover Square, London,   W1S 1HU at 14:00 (GMT).  The Notice and form of proxy have been posted to all shareholders on Monday 20 July 2015, and will also be available on the Company's website.

The Company is also pleased to announce that a LIVE webcast is arranged for 10am GMT, Thursday, 23 July 2015, which will offer shareholders the opportunity to engage directly with the Jubilee Board.  As announced on 16 July 2015, Jubilee executed a sale and purchase agreement, subject to shareholder approval, to dispose of 100% of the issued shares of Jubilee Smelting and Refining Proprietary Limited, a subsidiary of Jubilee owning the Middelburg Smelter Complex, for ZAR72.0 million (approximately GBP3.8 million) and 70% of the issued shares in Power Alt Proprietary Limited owning the power plant, for ZAR38.5 million (approximately GBP2.0 million) collectively referred to as the Middelburg Operations.

Following the Disposal, Jubilee will retain the right to a 5MW ConRoast smelting facility at Middelburg and will receive significant cash to assist in the financing of its future surface platinum tailings processing operations. Terms for further funding, required to simultaneously execute the Tailings Projects have been offered by a number of financial institutions.  The Disposal is in keeping with the Company's stated mission of bringing into production the Tailings Projects targeting a processing capacity of 80 000 tons per month of surface material.

To participate, please follow the link provided:

http://webcasting.brrmedia.co.uk/broadcast/139483

Contacts

Jubilee Platinum plc                         

Colin Bird/Leon Coetzer                  

Tel [phone] / Tel [phone]

Andrew Sarosi         

Tel [phone]   

Nominated Adviser

SPARK Advisory Partners Limited

Sean Wyndham-Quin

Mark Brady

Tel: [phone]

Broker

Beaufort Securities Limited  

Jon Belliss

Tel [phone]

JSE Sponsor

Sasfin Capital, a division of Sasfin Bank Limited Sharon Owens

Tel [phone]

 

END

 

 

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