Jubilee Platinum PLC JLP Issue of Equity

  Jubilee Platinum PLC (JLP) - Issue of Equity

RNS Number : 6489O
Jubilee Platinum PLC
15 October 2012

                                                               15 October 2012



Registration number: 4459850

ISIN: GB0031852162

                             JUBILEE PLATINUM PLC

                         ("Jubilee" or the "Company")


                               Issue of Equity

Jubilee, the  AIM  and JSE  quoted  mine-to-metal specialist,  is  pleased  to 
announce a conditional placing  of up to 20,175,439new  ordinary shares of  1 
pence each in the Company (the "Placing  Shares") at a price of 8.55 pence  to 
raise up to GBP 1.725 million (the "Placing").

The Placing  Shares have  been placed  jointly by  Shore Capital  Stockbrokers 
Limited and  finnCap  Limited  as  agents  to  the  Company,  subject  to  the 
conditions of a  placing agreement which  include admission of  the shares  to 
trading on AIM market of the  London Stock Exchange ("AIM") which is  expected 
to occur on 19 October 2012.

The proceeds  of  the  Placing  will be  used,  together  with  existing  cash 
resources, to support  growth within the  Company's strategic business  areas, 
through which Jubilee is implementing its mine-to-metals strategy.

The Placing Shares will rank pari passu  with the existing shares in issue  of 

In addition to the Placing, the Company, further to the announcement dated  27 
September  2012,  is  issuing  3,863,276  new  ordinary  shares  for  £384,900 
(ZAR5,255,600) as the first tranche of consideration for the acquisition of an
additional 19%  interest in  Power  Alt (Pty)  Ltd. Additionally,  Jubilee  is 
issuing 434,690 new ordinary  shares to a party  for £38,975 (ZAR518,890)  and 
625,000 new ordinary shares to a second party for £57,895 (ZAR766,710) in part
consideration of the  settlement agreement with  the shareholders of  Jubilee 
Smelting and Refining (Pty) Ltd ("JSR") to acquire 100% of JSR.

Following the  above share  issues and  the Placing,  the total  issued  share 
capital of the  Company will  be 313,220,211.  The Company  holds no  ordinary 
shares in  treasury. Therefore,  following the  placing, the  total number  of 
voting rights in the Company will be 313,330,211.

Leon Coetzer, Chief Executive Officer of Jubilee Platinum said: "The Board  of 
Jubilee is pleased with  the continued support of  our shareholders while  the 
addition of  new  investors  following the  Placing  further  strengthens  our 
shareholder base."


At the general  meeting of the  Company held  on 11 June  2012, the  requisite 
majority of Jubilee shareholders  approved an ordinary resolution  authorising 
the directors  to  issue shares  for  cash  in accordance  with  the  Listings 
Requirements of the JSE ("general authority"). The Placing is being undertaken
in accordance with the general authority.

The unaudited pro forma financial effects of the issue of new ordinary  shares 
in terms  of general  authority,  based on  the published  reviewed  financial 
results of Jubilee for the twelve months  to 30 June 2012, are set out  below. 
The financial effects have been prepared  in accordance with the terms of  the 
Listings Requirements of the JSE  Limited, are for illustrative purposes  only 
and due to their nature, may not truly reflect Jubilee's financial position or
results of  operations.  The directors  of  Jubilee are  responsible  for  the 
preparation of the unaudited pro forma financial effects.

Effects per Jubilee share         Before ^1 Afterplacing^2 Percentage change
(Loss)/ earnings per share             2.61             2.36             9.46%
Headline (loss)/ earnings per          2.61             2.36             9.46%
share (pence)
Net asset value per share             25.20            24.11            -4.32%
Tangible net asset value per           5.07             5.30             4.49%
share (pence)
Weighted average shares in      279,146.63      279,201.91             0.02%
issue ('000)
Shares in issue ('000)          288,121.81      308,297.25             7.00%


1. The figures in the Before  column are extracted from the  published 
reviewed results of Jubilee for the twelve  month to 30 June 2012. The  shares 
in issue include 31,585,714  shares issued in terms  of the general  authority 
prior to 30 June 2012.

2. The figures in the After placing column assume that:

The PlacingShares issued in terms of the general authority were in issue  from 
30 June 2012 for loss per share  and headline loss per share purposes and  the 
cash received on 30 June 2012 for  net asset value per share and tangible  net 
asset value per share purposes.


Jubilee Platinum plc

Colin Bird/Leon Coetzer

Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913

Andrew Sarosi

Tel +44 (0) 1752 221937

finnCap Ltd

Matthew Robinson/Ben Thompson- corporate finance

Joanna Weaving - corporate broking

Tel +44 (0) 20 7600 1658

Shore Capital Stockbrokers Limited (Joint Broker)

Jerry Keen/Edward Mansfield

Tel: +44 (0) 20 7 408 4090

Sasfin Capital

Leonard Eiser/Sharon Owens

Tel +27 (0) 11 809 7500

Bishopsgate Communications Ltd

Nick Rome/Anna Michniewicz/Ivana Petkova

Tel +44 (0) 20 7562 3350

                     This information is provided by RNS
           The company news service from the London Stock Exchange


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