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| Date/Time | Headline | Source |
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| 11-11-09 | RNS |
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RNS Number : 3293C Jubilee Platinum PLC 11 November 2009 AIM: JLP JSE: JBL Registration number: 4459850
ISIN GB0031852169 11 November 2009
JUBILEE PLATINUM PLC ("Jubilee" or the "Company")
DIRECTOR'S DEALING IN SECURITIES In compliance with the requirements of rule 3.63 to 3.66 of the JSE Listings Requirements the following information is disclosed:
For further information please contact: Colin Bird Jubilee Platinum plc Tel +44 (0) 20 7584 2155 Andrew Sarosi Jubilee Platinum plc Tel +44 (0) 1752 221937 Matthew Robinson/Edward Frisby FinnCap Tel +44 (0) 20 7600 1658 Brian Christie/Leonard Eiser Sasfin Capital Tel +27 (0) 11 809 7500 Suzanne Johnson-Walsh /Michael Kinirons Bishopsgate Communications Ltd Tel +44 (0) 20 7562 3350 This information is provided by RNS The company news service from the London Stock Exchange END
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| 10-11-09 | RNS |
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RNS Number : 2602C Jubilee Platinum PLC 10 November 2009 AIM: JLP JSE: JBL Registration number: 4459850
ISIN GB0031852169
JUBILEE PLATINUM PLC ("Jubilee" or the "Company") Notification of Major Interests in Shares by M&G Group Limited The Company was notified on 4 November 2009 in accordance with the Disclosure Rules and Transparency Rules that, following the acquisition of ordinary shares on 2 November 2009, Prudential plc group of companies now holds 33,438,948 ordinary shares and voting rights in Jubilee, representing 14.28% of the Company's issued ordinary share capital. The chain of controlled undertakings through which the voting rights are held has been notified as follows: Prudential plc (parent company) M&G Group Limited (wholly owned subsidiary of Prudential plc) M&G Limited (wholly owned subsidiary of M&G Group Limited) M&G Investment Management Limited (wholly owned subsidiary of M&G Group Limited) M&G Securities Limited (wholly owned subsidiary of M&G Group Limited) Separately, the Company was notified on 4 November 2009, in accordance with the Disclosure Rules and Transparency Rules that, following the acquisition of ordinary shares on 4 November 2009, M&G Investments Funds 3 now holds 28,395,990 ordinary shares and voting rights in Jubilee, representing 12.13% of the Company's issued ordinary share capital. The voting rights and shares are held by Nortrust Nominees Ltd a/c MKK01. This notification to Jubilee included the following disclosure. M&G Investments Funds 3 is an open ended investment company (OEIC) and is not a Prudential group company and must be separately disclosed. The OEIC Fund is managed by M&G Investment Management Limited (a wholly owned subsidiary of Prudential plc) and will have been previously attributed to Prudential plc solely on the basis that M&G Investment Management Ltd has direct fund management control over the shares identified in this notification. Therefore, the 12.13% holding being disclosed in this notification is encompassed in the 14.28% holding already disclosed above under the Prudential plc group of companies, and is not in addition to it. These notifications are based on 234,122,921 voting rights ordinary shares of 1p each in issue as at 10 November 2009. For further information please contact: Colin Bird Jubilee Platinum plc Tel +44 (0) 20 7584 2155 Andrew Sarosi Jubilee Platinum plc Tel +44 (0) 1752 221937 Matthew Robinson/Edward Frisby FinnCap Tel +44 (0) 20 7600 1658 Brian Christie/Leonard Eiser Sasfin Capital Tel +27 (0) 11 809 7500 Suzanne Johnson-Walsh /Michael Kinirons Bishopsgate Communications Ltd Tel +44 (0) 20 7562 3350 This information is provided by RNS The company news service from the London Stock Exchange END
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| 10-11-09 | AFX UK Focus |
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JOHANNESBURG, Nov 10 (Reuters) - Jubilee Platinum PLC:
the sa register a.m. on 10 November 2009 ((Johannesburg newsroom, +27 11 775 3155)) (For more information, click on)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 09-11-09 | RNS |
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RNS Number : 2223C Jubilee Platinum PLC 09 November 2009 Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. 9 November 2009 Acquisition of Braemore Resources plc by Jubilee Platinum plc ("Jubilee") Further to Jubilee's announcement dated 30 October 2009, Jubilee has allotted 4,960,265 New Jubilee Shares to Braemore Shareholders on the SA Register and application has been made to London Stock Exchange plc for admission of the shares to trading on AIM, which is expected to occur at 8:00 a.m. on 10 November 2009. Together with the 44,940,517 New Jubilee Shares issued to former Braemore Shareholders on the UK Register the total number of New Jubilee Shares issued to Braemore Shareholders is 49,900,782. Contacts:
Capitalised terms used, but not defined, in this announcement have the same meaning given to them in the circular posted to Braemore shareholders on 14 September 2009. All references to times are to times in London (unless otherwise stated). This information is provided by RNS The company news service from the London Stock Exchange END
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| 02-11-09 | AFX UK Focus |
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* Jubilee to benefit from Sylvania's PGM recovery skill * Jubilee up 2.4 pct; Sylvania down 3.4 pct
(Adds details)
Last month, Jubilee bought Braemore Resources Plc that had a proprietary smelting technology called ConRoast, while Sylvania's planned merger with Finland's Ruukki Group got terminated.
(Reporting by Purwa Naveen Raman in Bangalore) Keywords: SYLVANIA/ (purwa.naveen@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging: purwa.naveen.thomsonreuters.com@reuters.net)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 02-11-09 | AFX UK Focus |
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LONDON, Nov 2 (Reuters) - Jubilee Platinum PLC:
metal concentrates from its tailings retreatment projects that are not tied into other contracts ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 02-11-09 | RNS |
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RNS Number : 7455B Sylvania Resources Ltd 02 November 2009
SYLVANIA RESOURCES PLC JUBILEE PLATINUM PLC
968 ISIN GB0031852169
("Sylvania") 2 November 2009 Joint Announcement Sylvania and Jubilee Agree to Combine Forces to Provide Total Capability for Platinum and Chrome Tailings Retreatment Sylvania and Jubilee announce that they intend to enter into a strategic partnership jointly to provide a total capability solution for the processing of platinum group metals (PGMs) to the secondary PGM sector. This alliance brings together Sylvania's demonstrated ability to retreat surface tailing stockpiles for recovery of PGMs into concentrate and Jubilee's industry accepted ConRoast smelting flexibility. Highlights
Sylvania CEO Terry McConnachie said "In entering into this alliance we are extending our demonstrated success in the secondary platinum recovery sector and have no limit to what can be provided to current producers for retreatment of current tailings stockpiles" Jubilee CEO Colin Bird said "I am delighted we are teaming up with Sylvania. Our alliance is a logical step towards achieving the mission of total capability in the PGM industry" This strategic alliance provides Sylvania with access to Jubilee's smelting experience and technology and allows Jubilee to benefit from Sylvania's secondary PGM recovery experience. The alliance brings Sylvania closer to its mission for total capability for its tailings retreatment and provides Jubilee with a platform for fast commercialisation of the ConRoast process. The alliance allows the parties to compete together for new opportunities as opposed to competing with one another, offering a strong combined total capability where Sylvania will concentrate on its core strengths, concentrate flotation and Jubilee will concentrate on the smelting discipline to the combined benefit of both companies. This co operation will fast track both our operations and save extensive R&D costs for Sylvania and Jubilee. Sylvania has offered Jubilee first preference as smelter builder and operator for PGM concentrate from its primary PGM projects in the northern limb of the Bushveld Complex. The ConRoast process, recently acquired by Jubilee through its acquisition of Braemore Resources plc provides mining companies that have total capability, a processing solution for the treatment of currently large stockpiles of unviable converter slag and revert tailings and to receive PGMs not in concentrate but as a high grade PGM product suitable for final metal refining. For further information please contact:
Managing Director
Tel +27 11 673 1171
Finance Director/Joint Company Tel +27 (0) 87 754
Tel +27 11 673 1171
221937
Richard Brown/ Richard
Greenfield
3350
Laurence Read/Beth Harris
Threadneedle Communications,
Public Relations Adviser
7500
Richard Rossiter
Non Executive Chairman
Secretary Tel +61 8 922 64777 This information is provided by RNS The company news service from the London Stock Exchange END
SALDGMGMVZVGLZG More |
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| 02-11-09 | RNS |
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RNS Number : 7451B Jubilee Platinum PLC 02 November 2009
SYLVANIA RESOURCES PLC JUBILEE PLATINUM PLC
968 ISIN GB0031852169
("Sylvania") 2 November 2009 Joint Announcement Sylvania and Jubilee Agree to Combine Forces to Provide Total Capability for Platinum and Chrome Tailings Retreatment Sylvania and Jubilee announce that they intend to enter into a strategic partnership jointly to provide a total capability solution for the processing of platinum group metals (PGMs) to the secondary PGM sector. This alliance brings together Sylvania's demonstrated ability to retreat surface tailing stockpiles for recovery of PGMs into concentrate and Jubilee's industry accepted ConRoast smelting flexibility. Highlights
Sylvania CEO Terry McConnachie said "In entering into this alliance we are extending our demonstrated success in the secondary platinum recovery sector and have no limit to what can be provided to current producers for retreatment of current tailings stockpiles" Jubilee CEO Colin Bird said "I am delighted we are teaming up with Sylvania. Our alliance is a logical step towards achieving the mission of total capability in the PGM industry" This strategic alliance provides Sylvania with access to Jubilee's smelting experience and technology and allows Jubilee to benefit from Sylvania's secondary PGM recovery experience. The alliance brings Sylvania closer to its mission for total capability for its tailings retreatment and provides Jubilee with a platform for fast commercialisation of the ConRoast process. The alliance allows the parties to compete together for new opportunities as opposed to competing with one another, offering a strong combined total capability where Sylvania will concentrate on its core strengths, concentrate flotation and Jubilee will concentrate on the smelting discipline to the combined benefit of both companies. This co operation will fast track both our operations and save extensive R&D costs for Sylvania and Jubilee. Sylvania has offered Jubilee first preference as smelter builder and operator for PGM concentrate from its primary PGM projects in the northern limb of the Bushveld Complex. The ConRoast process, recently acquired by Jubilee through its acquisition of Braemore Resources plc provides mining companies that have total capability, a processing solution for the treatment of currently large stockpiles of unviable converter slag and revert tailings and to receive PGMs not in concentrate but as a high grade PGM product suitable for final metal refining. For further information please contact:
Managing Director
Tel +27 11 673 1171
Finance Director/Joint Company Tel +27 (0) 87 754
Tel +27 11 673 1171
221937
Richard Brown/ Richard
Greenfield
3350
Laurence Read/Beth Harris
Threadneedle Communications,
Public Relations Adviser
7500
Richard Rossiter Non Executive
Chairman,
Tel +61 8 922 64777 This information is provided by RNS The company news service from the London Stock Exchange END
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| 30-10-09 | RNS |
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RNS Number : 7074B Jubilee Platinum PLC 30 October 2009 Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. 30 October 2009 Recommended offer for Braemore Resources plc by Jubilee Platinum plc Scheme of Arrangement becomes Effective Jubilee Placing acquisition condition met The scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") to implement the acquisition by Jubilee Platinum plc ("Jubilee") of the entire issued and to be issued share capital of Braemore Resources plc ("Braemore") has now become effective in accordance with its terms and the acquisition has been completed. On 29 October 2009, the High Court of Justice in England and Wales (the "Court") made an order (the "Court Order") sanctioning the Scheme and confirming the associated reduction of capital. The Court Order has been delivered to the Registrar of Companies in England and Wales and has been registered today. On 7 August 2009, Jubilee announced a placing by FinnCap of 44,166,666 new shares (the "Placing Shares") for cash to raise £13.25 million (the "Placing"). The Placing was conditional, inter alia, on the acquisition by Jubilee of the entire issued and to be issued share capital of Braemore. In consequence of the Scheme becoming effective, this condition has been met. Following the Scheme becoming effective, 89,107,183 new Jubilee Shares will be issued, comprising 44,940,517 New Jubilee Shares to be issued to former Braemore Shareholders on the UK Register at the Scheme Record Time (the "New UK Jubilee Shares") and 44,166,666 Placing Shares to be issued pursuant to the Placing. The exact number of shares to be issued to Braemore Shareholders on the SA Register (the "New SA Jubilee Shares") will be determined on the JSE Record Date, which is 6 November 2009. The final number of New Jubilee Shares, comprising the New UK Jubilee Shares and New SA Jubilee Shares, will be announced on or about 9 November 2009. An application has been made to the London Stock Exchange plc for the New UK Jubilee Shares and the Placing Shares to be admitted to trading on AIM. These shares will rank pari passu with Jubilee's existing ordinary shares and it is expected that the New UK Jubilee Shares and the Placing Shares will be admitted to trading on AIM at 8.00 a.m. on 2 November 2009. The JSE has granted a listing for the New SA Jubilee Shares on the Main Board of the JSE with effect from the commencement of business on 2 November 2009. Trading in Braemore ordinary shares on AIM will be cancelled with effect from 2 November 2009. In accordance with the requirements of the JSE, the listing of Braemore Shares on the JSE is expected to terminate with effect from 9 November 2009. Capitalised terms used, but not defined, in this announcement have the same meaning given to them in the circular posted to shareholders on 14 September 2009 (the "Scheme Document"). Expected timetable of principal events
Shares on AIM at commencement of trade
commencement of trade
the JSE at commencement of trade
Shares in uncertificated form
(held at their CSDP or broker) updated on or about
Shares on the JSE on or about
Jubilee Shares trading on AIM All references to times are to times in London (unless otherwise stated). Enquiries:
7608/ 9
1658
3924
This announcement is not intended to, and does not constitute or form part of, any offer to sell or an invitation to purchase or subscribe for any securities pursuant to the Proposal or otherwise or the solicitation of any vote or approval in any jurisdiction. Braemore Shareholders are advised to read carefully the formal documentation in relation to the Proposal. The availability of the Proposal to persons outside the United Kingdom might be affected by the laws of other jurisdictions. Such persons should inform themselves about, and observe any applicable requirements of, those jurisdictions. Copies of this announcement are not being, and must not be, directly or indirectly mailed or otherwise forwarded, distributed or sent in or into any jurisdiction where to do so would violate the laws of that jurisdiction and persons receiving this announcement (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or otherwise send it in, or into or from any such jurisdiction. Further details in relation to overseas shareholders are contained in the Scheme Document. This information is provided by RNS The company news service from the London Stock Exchange END
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| 30-10-09 | RNS |
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RNS Number : 7046B Braemore Resources PLC 30 October 2009 Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. AIM: BRR / JSE: BRE Recommended offer for Braemore Resources plc by Jubilee Platinum plc Scheme of Arrangement becomes Effective Jubilee Placing acquisition condition met The scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") to implement the acquisition by Jubilee Platinum plc ("Jubilee") of the entire issued and to be issued share capital of Braemore Resources plc ("Braemore") has now become effective in accordance with its terms and the acquisition has been completed. On 29 October 2009, the High Court of Justice in England and Wales (the "Court") made an order (the "Court Order") sanctioning the Scheme and confirming the associated reduction of capital. The Court Order has been delivered to the Registrar of Companies in England and Wales and has been registered today. On 7 August 2009, Jubilee announced a placing by FinnCap of 44,166,666 new shares (the "Placing Shares") for cash to raise £13.25 million (the "Placing"). The Placing was conditional, inter alia, on the acquisition by Jubilee of the entire issued and to be issued share capital of Braemore. In consequence of the Scheme becoming effective, this condition has been met. Following the Scheme becoming effective, 89,107,183 new Jubilee Shares will be issued, comprising 44,940,517 New Jubilee Shares to be issued to former Braemore Shareholders on the UK Register at the Scheme Record Time (the "New UK Jubilee Shares") and 44,166,666 Placing Shares to be issued pursuant to the Placing. The exact number of shares to be issued to Braemore Shareholders on the SA Register (the "New SA Jubilee Shares") will be determined on the JSE Record Date, which is 6 November 2009. The final number of New Jubilee Shares, comprising the New UK Jubilee Shares and New SA Jubilee Shares, will be announced on or about 9 November 2009. An application has been made to the London Stock Exchange plc for the New UK Jubilee Shares and the Placing Shares to be admitted to trading on AIM. These shares will rank pari passu with Jubilee's existing ordinary shares and it is expected that the New UK Jubilee Shares and the Placing Shares will be admitted to trading on AIM at 8.00 a.m. on 2 November 2009. The JSE has granted a listing for the New SA Jubilee Shares on the Main Board of the JSE with effect from the commencement of business on 2 November 2009. Trading in Braemore ordinary shares on AIM will be cancelled with effect from 2 November 2009. In accordance with the requirements of the JSE, the listing of Braemore Shares on the JSE is expected to terminate with effect from 9 November 2009. Capitalised terms used, but not defined, in this announcement have the same meaning given to them in the circular posted to shareholders on 14 September 2009 (the "Scheme Document"). Expected timetable of principal events
Shares on AIM at commencement of trade
commencement of trade
the JSE at commencement of trade
Shares in uncertificated form
(held at their CSDP or broker) updated on or about
Shares on the JSE on or about
Jubilee Shares trading on AIM All references to times are to times in London (unless otherwise stated). Enquiries:
7608/ 9
1658
3924
This announcement is not intended to, and does not constitute or form part of, any offer to sell or an invitation to purchase or subscribe for any securities pursuant to the Proposal or otherwise or the solicitation of any vote or approval in any jurisdiction. Braemore Shareholders are advised to read carefully the formal documentation in relation to the Proposal. The availability of the Proposal to persons outside the United Kingdom might be affected by the laws of other jurisdictions. Such persons should inform themselves about, and observe any applicable requirements of, those jurisdictions. Copies of this announcement are not being, and must not be, directly or indirectly mailed or otherwise forwarded, distributed or sent in or into any jurisdiction where to do so would violate the laws of that jurisdiction and persons receiving this announcement (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or otherwise send it in, or into or from any such jurisdiction. Further details in relation to overseas shareholders are contained in the Scheme Document. This information is provided by RNS The company news service from the London Stock Exchange END
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| 29-10-09 | RNS |
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RNS Number : 6051B Braemore Resources PLC 29 October 2009 Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.
Recommended offer for Braemore Resources plc by Jubilee Platinum plc Court order sanctioning scheme and confirming reduction of capital Braemore Resources plc ("Braemore") announces that, at a hearing held earlier today, the High Court of Justice in England and Wales sanctioned the Scheme of Arrangement (the "Scheme") in relation to the recommended acquisition of Braemore by Jubilee Platinum plc ("Jubilee"). The Court also confirmed the reduction of share capital involved therein. This Scheme was approved by the requisite majorities of Braemore Shareholders at the Court Meeting and the General Meeting which were both held on 7 October 2009. The Scheme is conditional on the delivery of an office copy of the Court Order sanctioning the Scheme and confirming the reduction of capital being registered with the Registrar of Companies in England and Wales. This is expected to be on 30 October 2009. Trading in Braemore ordinary shares on AIM has been temporarily suspended. The cancellation of admission of Braemore Shares to trading on AIM will take place on the business day after the Scheme Effective Date. It is expected that such cancellation will take effect at 7.00 a.m. on 2 November 2009. The last day to trade in the Braemore Shares on the JSE will be the Scheme Effective Date and the JSE has agreed to terminate the listing of Braemore Shares on the JSE with effect from the commencement of business on 9 November 2009, or such later date as may be requested by Braemore and approved by the JSE. Capitalised terms used, but not defined, in this announcement have the same meaning given to them in the circular posted to shareholders on 14 September 2009 (the "Scheme Document"). Expected timetable of principal events
JSE
commencement of trade
commencement of trade
the JSE at commencement of trade
Shares in uncertificated form
(held at their CSDP or broker) updated on or about
Shares on the JSE on or about
Jubilee Shares trading on AIM All references to times are to times in London (unless otherwise stated). Enquiries:
Louise Goodeve / Leah Kramer Walbrook PR Tel +44 (0) 207 933 8780
Advisers to Braemore
Legal adviser in South Africa Eversheds
This announcement is not intended to, and does not constitute or form part of, any offer to sell or an invitation to purchase or subscribe for any securities pursuant to the Proposal or otherwise or the solicitation of any vote or approval in any jurisdiction. Braemore Shareholders are advised to read carefully the formal documentation in relation to the Proposal. The availability of the Proposal to persons outside the United Kingdom might be affected by the laws of other jurisdictions. Such persons should inform themselves about, and observe any applicable requirements of, those jurisdictions. Copies of this announcement are not being, and must not be, directly or indirectly mailed or otherwise forwarded, distributed or sent in or into any jurisdiction where to do so would violate the laws of that jurisdiction and persons receiving this announcement (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or otherwise send it in, or into or from any such jurisdiction. Further details in relation to overseas shareholders are contained in the Scheme Document. This information is provided by RNS The company news service from the London Stock Exchange END
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| 09-10-09 | RNS |
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RNS Number : 5183A Jubilee Platinum PLC 09 October 2009 09 October 2009 AIM: JLP JSE:JBL Registration number :4459850
ISIN GB0031852169
JUBILEE PLATINUM PLC ("Jubilee" or "the Company") Notification of Major Interests in Shares The Company was notified on 7 October 2009 that, following an acquisition of 7,200,808 ordinary shares of 1p each, as part of a placing of shares by the Company completed on 28 September 2009, JP Morgan Asset Management (UK) Limited's holding of 14,697,573 shares in Jubilee now represents 10.89% of the Company's issued ordinary share capital. For further information please contact:
Matthew Robinson/Rose Herbert FinnCap Tel +44 (0) 20 7600 1658 This information is provided by RNS The company news service from the London Stock Exchange END
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| 07-10-09 | RNS |
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RNS Number : 4168A Jubilee Platinum PLC 07 October 2009 AIM: JLP JSE: JBL Registration number : 4459850
ISIN GB0031852169 Jubilee Platinum PLC ("Jubilee" or "the Company")
RESULTS OF GENERAL MEETING Jubilee Platinum ("Jubilee") announces that at the general meeting of shareholders convened and held earlier today, 7 October 2009 (the "EGM") all of the resolutions received the necessary majority votes and were accordingly approved. For further information please contact:
Matthew Robinson/Ed Frisby FinnCap Tel +44 (0) 20 7600 1658 This information is provided by RNS The company news service from the London Stock Exchange END
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| 30-09-09 | RNS |
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RNS Number : 9651Z Jubilee Platinum PLC 30 September 2009
Date: 30 September 2009 AIM: JLP JSE:JBL Registration number :4459850
ISIN GB0031852169
JUBILEE PLATINUM PLC ("Jubilee" or the "Company")
ISSUE OF ORDINARY SHARES FOR CASH
INTRODUCTION At 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") As 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. As 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.
PRO FORMA FINANCIAL EFFECTS The 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.
(pence)2
share (pence)2
shares in issue Notes:
For further information please contact:
Matthew Robinson/Ed Frisby FinnCap Tel +44 (0) 20 7600 1658 This information is provided by RNS The company news service from the London Stock Exchange END
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| 29-09-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 8664Z
Jubilee Platinum PLC
29 September 2009
Date: 29 September 2009
AIM: JLP
JSE:JBL
Registration number: 4459850
ISIN: GB0031852169
JUBILEE PLATINUM PLC
("Jubilee" or the "Company")
PRELIMINARY Audited results FOR THE YEAR ENDED 30 June 2009, posting of the
annual report and notice of annual general meeting
HIGHLIGHTS
* Tjate project Mineral Resource Statement released showing 22 million oz (attributable 14 million oz) 3PGE (platinum, palladium, rhodium) +Au (gold) for first mine and targeting 62 million oz (attributable 39 million oz) 3PGE+Au (before geological losses) for the whole licence area
* Feasibility study commenced
* Western Bushveld JV entered into with Benhaus Mining
For further information please contact:
Colin Bird Suzanne Johnson-Walsh
/Michael Kinirons
Jubilee Platinum plc Bishopsgate Communications Ltd
Tel +44 (0) 20 7584 2155 Tel +44 (0) 20 7562 3350
Andrew Sarosi Brian Christie/Leonard Eiser
Jubilee Platinum plc Sasfin Capital
Tel +44 (0) 1752 221937 Tel +27 (0) 11 809 7500
Matthew Robinson/Ed Frisby
FinnCap
Tel +44 (0) 20 7600 1658
CHAIRMAN'S NOTE
Dear Shareholder
During the year, the Company completed a 42-borehole drilling programme at its flagship Tjate project. The programme was successful and resulted in the production of a SAMREC Code-compliant mineral resource statement detailed in the operation's report included in the audited financial statements.
The resource was to expectation in terms of tonnes and grade with an encouraging occurrence of two localized sub areas of coherent and widely mineralised thickening of the Merensky Reef. During the period under review, issues affecting mine design were addressed and general technical and permit related matters were progressed.
The Company's South African subsidiary, Maude Mining and Exploration, entered into a joint venture with Benhaus Mining resulting in a 54.5 % ownership in various tailings dump and primary mining projects in the Western Bushveld. Preliminary results from sampling (61 samples) surface dump showed an overall assay of 2.5g/t (2E) platinum and palladium. Shortly after the year-end, Maude's BEE joint venture partners exchanged their shares in Maude Mining for shares in Jubilee.
The year under review was very testing, with the economic crisis causing major brand names to collapse in the financial sector, resulting in the junior mining sector being ignored and company valuations being destroyed. Jubilee was disappointed to see the issue of Tjate's mineral resource statement, a major milestone for the Company, attracting little interest and an insignificant share price movement.
The platinum price has shown resilience during the year despite the global economic problems. We believe that supply pressure should result in higher platinum prices early next year and thereafter rising demand from industry should sustain these higher prices.
The Company's strategy for the year was to achieve maximum progress with minimum expenditure. To this end our treasury was reasonably preserved and at year-end we had some £7.6 million in cash. The strong possibility of the economic recovery being protracted led management to curtail operations in Madagascar; our decision also being based on the speculative nature of these projects, which are high consumers of cash.
This cash conservation enabled Jubilee to make an offer for Braemore Resources plc, totalling £26.8 million by way of a scheme of arrangement, exchanging 1 Jubilee share for every 15.818 Braemore shares. This transaction was agreed on 3 July 2009 and is awaiting shareholder approval at meetings of Jubilee and Braemore shareholders scheduled for 7 October 2009. The enlarged company will have multi-platinum opportunities with capability from exploration to smelting and access to a major nickel tailings project in Australia.
The loss for the year after taxation was £4,079,171 (2008 £4,076,390). The loss per ordinary share increased to 3.5 pence in the current year compared to 3.45 pence per ordinary share in 2008. The Group's current year's loss includes a write-off of £3,807,303 (2008 - £78,603) relating to impairment of some of its Madagascan intangible assets following a review of the Group's intangible asset base in accordance with accounting policies. A share-based payment charge of £498,961 has been charged to the Income Statement in line with the requirements of IFRS2.
Finally, I would like to thank my fellow Directors and staff for their efforts in a year full of negativity and disappointments outside their control. Their diligence and commitment has resulted in a strong company able to outperform in better times, which we believe are imminent.
MALCOLM BURNE
CHAIRMAN
JUBILEE PLATINUM PLC
CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2009
Year ended 30 June Year ended 30 June 2008
2009
£ £
Administrative expenses (2,292,904) (4,717,992)
Loss from operations (2,292,904) (4,717,992)
Finance income 541,799 839,750
Finance costs - (1,330)
Profit on exchange rate 1,461,404 -
Impairment loss on intangibles (3,807,303) (78,603)
Gain on a bargain purchase 17,833 -
Share of operating loss in - (118,215)
associate
Loss before income tax expense (4,079,171) (4,076,390)
Income tax expense - -
Loss for the period after (4,079,171) (4,076,390)
income tax expense
Minority interests:
Equity 118,448 744,740
Loss attributable to members (3,960,723) (3,331,650)
of Jubilee Platinum plc
Basic and diluted loss per (3.50) (3.45)
share (pence)
Headline and diluted headline loss per share (3.37)
(pence) (0.13)
All of the Group's activities are classed as continuing.
JUBILEE PLATINUM PLC
CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2009
At 30 June 2009 At 30 June 2008
£ £
Assets
Non-current assets
Intangible assets 29,436,593 6,473,781
Property, plant and equipment 77,633 95,762
Investments in associates - 7,882,758
Other receivables - 1,310,742
Total non-current assets 29,514,226 15,763,043
Current assets
Trade and other receivables 473,656 5,314,524
Cash and cash equivalents 7,641,288 9,234,217
Other receivables - 1,310,741
Total current assets 8,114,944 15,859,482
Total assets 37,629,170 31,622,525
Current liabilities
Trade and other payables (548,957) (377,925)
Total current liabilities (548,957) (377,925)
Total liabilities (548,957) (377,925)
Net current assets 7,565,987 15,481,557
Net assets 37,080,213 31,244,600
Equity
Called up share capital 1,183,742 1,049,966
Share premium account 33,855,392 33,337,634
Share based payment reserve 1,677,797 1,178,836
Currency translation reserve 437,400 (812,540)
Other reserves - 1,034,752
Merger reserve 4,970,335 -
Retained Earnings (8,859,731) (6,373,314)
Equity attributable to equity holders of 33,264,935 29,415,334
the parent
Equity interests of minorities 3,815,278 1,829,266
Total equity 37,080,213 31,244,600
JUBILEE PLATINUM PLC
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2009
Share Capital Share Premium Share based payment Other reserves
£ £ reserve £
£
Balance at 30 June 2007 858,174 18,343,249 702,453 1,761,448
Issue of share capital 191,792 - - -
Premium on issue of share - 15,711,441 - -
capital
Cost on issue of shares - (717,056) - -
Share-based payment charge - - 476,383 -
Other reserves - - - (726,696)
Net loss for the year - - - -
Currency translation - - - -
adjustments
Balance at 30 June 2008 1,049,966 33,337,634 1,178,836 1,034,752
Issue of share capital 133,776 - - -
Premium on issue of share - 517,758 - -
capital
Share-based payment charge - - 498,961 -
Other reserves - - - (1,034,752)
Goodwill Translation - - - -
Negative goodwill (note 9) - - - -
Net loss for the year - - - -
Translation of overseas - - - -
subsidiaries on consolidation
1,183,742 33,855,392 1,677,797 -
Balance at 30 June 2009
Merger Retained earnings Currency Total
reserve £ translation reserve £
£ £
Balance at 30 June 2007 - (3,768,360) (818,954) 17,078,010
Issue of share capital - - - 191,792
Premium on issue of share capital - - 15,711,441
-
Cost on issue of shares - - - (717,056)
Share-based payment charge - - - 476,383
Other reserves - 726,696 - -
Net loss for the year - (3,331,650) - (3,331,650)
Currency translation adjustments - - 6,414 6,414
Balance at 30 June 2008 - (6,373,314) (812,540) 29,415,334
Issue of share capital - - - 133,776
Premium on issue of share capital 4,970,335 - 5,488,093
-
Share-based payment charge - - 498,961
-
Other reserves - 1,034,752 - -
Goodwill Translation - - 1,060,323 1,060,323
Negative goodwill (note 9) - 439,554 - 439,554
Net loss for the year - (3,960,723) - (3,960,723)
Translation of overseas subsidiaries on - - 189,617 189,617
consolidation
Balance at 30 June 2009 4,970,335 (8,859,731) 437,400 33,264,935
Retained Earnings Total
£ £
Merger
Reserve
£
(2,829,328) - 17,074,548
Balance at 30 June 2007
- - 191,792
Issue of share capital
- - 15,711,441
Premium on issue of share
capital
Expenses related to issue of - - (717,056)
shares
- - 476,383
Share-based payment charge
(2,028,900) - (2,028,900)
Net loss for the year
(4,858,228) - 30,708,208
Balance at 30 June 2008
- 133,776
Issue of share capital -
-
Premium on issue of share 5,488,093
capital
4,970,335
- 498,961
Share-based payment charge -
(2,081,872) (2,081,872)
Net loss for the year -
Balance at 30 June 2009 (6,940,100) 4,970,335 34,747,166
JUBILEE PLATINUM PLC
CONSOLIDATED CASH FLOW STATEMENT
YEAR ENDED 30 JUNE 2009
Year ended 30 June 2009 Year ended 30
June 2008
£ £
Cash flows from operations
Loss for the year (4,620,970) (4,796,595)
Depreciation 33,541 31,879
Other non-cash movements 6,202,971 -
Net cash outflows of subsidiaries (14,850,673) -
previously treated as associates
Gain on a bargain purchase (17,833) -
(Profit)/loss on sale of property, (4,898) 1,484
plant and equipment
Amounts written off exploration 3,807,303 78,603
expenditure
Decrease/(increase) in receivables 6,000,951 (2,091,547)
Decrease/(increase) in payables 171,030 (2,961,215)
Foreign exchange on retranslation of 2,005,894 (181,984)
overseas subsidiaries
Share based payments charge 498,961 476,383
Interest receivable 541,799 839,750
Interest payable - (1,330)
Net cash outflow from operating (231,924) (8,604,572)
activities
Cash flows utilised by investing
activities
Increase in loans and investments - (11,456)
Purchase of exploration assets (2,029,541) (835,114)
Purchase of property, plant and (4,808) (80,741)
equipment
Acquisition of subsidiary, net of (790,061) -
cash acquired
Proceeds from sale of property, plant - 11,553
and equipment
Net cash outflow from investing (2,824,410) (915,758)
activities
Cash flow from financing activities
Issue of shares and warrants 2,000 11,153,694
Net cash inflow from financing 2,000 11,153,694
activities
Effects of foreign exchange on cash 1,461,405 105,640
and cash equivalents
Net increase in cash and cash (1,592,929)
equivalents
Cash and cash equivalents at the 9,234,217 7,495,213
beginning of the year
Cash and cash equivalents at the end 7,641,288 9,234,217
of the year
JUBILEE PLATINUM PLC
NOTES TO THE GROUP PROVISIONAL RESULTS
FOR THE YEAR ENDED 30 JUNE 2009
1. Capital and reserves
Share capital
Group and Company
2009 2008
£ £
Authorised
500,000,000 ordinary shares of 1p each 5,000,000 5,000,000
Allotted, called up and fully paid 118,374,269 1,183,742 1,049,966
(2008: 104,996,622) ordinary shares of 1p each
The Company allotted 13,377,647 of ordinary 1p shares with an aggregate nominal value of 133,776 during the year as follows:
Price Number of shares Aggregate consideration
Date of issue per share
£
21 July 2008 63.00p 8,016,669 5,050,502
24 April 2009 10.59p 3,224,636 341,489
21 May 2009 1.00p 200,000 2,000
22 May 2009 22.00p 200,000 44,000
11 June 2009 10.59p 1,736,342 183,878
13,377,647 5,621,869
2. Basis of preparation and accounting policies.
These preliminary financial statements are extracts from the company's audited financial statements to 30 June 2009. The Audited financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), IAS 34, the JSE Listings Requirements and the Companies Act applicable to companies reporting under IFRS.
The accounting policies have been applied consistently throughout the Group and are consistent with those for the financial year ended 30 June 2008.
3. The Audit Report
The preliminary audited results for the year ended 30 June 2009 have been audited by Saffery Champness Chartered Accountants and Registered Auditors and a copy of their audit report is available for inspection at the Company's registered office: 4th Floor, 2 Cromwell Place, London SW7 2JE.
Posting of the Annual Report and Notice of Annual General Notice
The annual report will be posted to shareholders on Tuesday 29 September 2009.
The annual general meeting will be held at the Pelham Hotel, 15 Cromwell Place, London SW7 2LA at 09:30 on 30 November 2009 to transact the business as stated in the notice of annual general meeting forming part of the annual financial statements.
4. Reconciliation of Headline Loss
2009 2008
Ordinary shares (weighted average) 113,277,650 96,522,005
Effect of options issued at fair value (weighted 644,165 2,412,895
average)
113,921,815 98,934,900
RECONCILIATION OF HEADLINE LOSS 2009 2008
Loss attributable to Jubilee Platinum Plc (3,960,723) (3,331,650)
shareholders
Impairment of assets 3,807,303 78,603
Discount on acquisition of subsidiaries (17,833) -
Loss on disposal of foreign subsidiary 14,083 -
Loss on disposal of plant and equipment 5,971 -
(151,199) (3,253,047)
Headline loss
Headline loss per share (pence) (0.13) (3.37)
Diluted loss earnings per share (pence) (0.13) (3.37)
5. Directorate
There have been no changes in the board of directors during the year ended 30 June 2009.
6. Dividend
There were no dividends paid or declared.
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| 25-09-09 | RNS |
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RNS Number : 7149Z Jubilee Platinum PLC 25 September 2009
Date: 25 September 2009 AIM: JLP JSE:JBL Registration number :4459850
ISIN GB0031852169
JUBILEE PLATINUM PLC ("Jubilee" or the "Company") The following has been released to meet JSE Ltd regulatory requirements.
TRADING STATEMENT In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next, will differ by at least 20% from those of the previous corresponding period. Shareholders are advised that Jubilee expects its headline loss per share for the period ending 30 June 2009 to be (0.13) pence compared to (3.37) pence in the previously reported corresponding period. This represents a decrease of 96%. The financial information on which this trading statement is based has not been reviewed or reported on by Jubilee's auditors. The group's audited results for the year ended 30 June 2009 will be published on or prior the 30 September 2009. www.jubileeplatinum.com. For further information please contact:
/Michael Kinirons
Matthew Robinson/Ed Frisby FinnCap Tel +44 (0) 20 7600 1658 This information is provided by RNS The company news service from the London Stock Exchange END
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| 25-09-09 | AFX UK Focus |
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JOHANNESBURG, Sept 25 (Reuters) - Jubilee Platinum PLC:
June 2009 to be (0.13) pence compared to (3.37) pence in the previously reported corresponding period ((Johannesburg newsroom, +27 11 775 3155)) (For more information, click on)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 22-09-09 | AFX UK Focus |
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LONDON, Sept 22 (Reuters) - Jubilee Platinum PLC:
obligations ahead of the completion of the merger of Jubilee and Braemore. ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 22-09-09 | AFX UK Focus |
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JOHANNESBURG, Sept 22 (Reuters) - Jubilee Platinum PLC:
at 32.5 pence per share resources plc's ("braemore") obligations ahead of the completion of the merger of Jubilee and braemore ((Johannesburg newsroom, +27 11 775 3155)) (For more information, click on)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 22-09-09 | RNS |
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RNS Number : 4576Z Jubilee Platinum PLC 22 September 2009 Date: 22 September 2009 AIM: JLP JSE:JBL Registration number :4459850
ISIN GB0031852169
JUBILEE PLATINUM PLC ("Jubilee" or the "Company") Issue of Equity Jubilee is pleased to announce the placing of 6,000,000 ordinary shares at 32.5 pence per share subject to the admission of the shares to trading on AIM and JSE Ltd which is expected to occur on 28 September 2009. The proceeds will be used by Jubilee to fund certain of Braemore Resources Plc's ("Braemore") obligations ahead of the completion of the merger of Jubilee and Braemore, as envisaged by the Implementation Agreement, originally announced on 3 July 2009. Following this placing the total issued share capital of the Company will be 135,007,437. The Company holds no ordinary shares in treasury. Therefore, following the placing, the total number of voting rights in the Company will be 135,007,437. www.jubileeplatinum.com. For further information please contact:
Matthew Robinson/Ed Frisby FinnCap Tel +44 (0) 20 7600 1658 This information is provided by RNS The company news service from the London Stock Exchange END
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