Jubilee Platinum applies for listing of 7.68m shares

Jubilee Platinum, a mine-to-metal specialist, has applied for the listing of 6.188m shares as consideration for the purchase of further shares in Jubilee subsidiary Power Alt.

As such, Jubilee's holding in Power Alt will increase by 9.5% to 68.1%.

It has also applied for the application of 907,276 shares as consideration for the purchase of a further 5% interest in Jubilee subsidiary Pollux Investment Holdings, increasing its stake to 67.4% of Pollux.

Finally, it is also requesting the listing of a further 584,689 shares to Majestic Filtration Solutions by way of vendor consideration.

As a result, the total issued share capital of the company will be 345.11m.

The share price rose 6.59% to 12.12p by 13:45.

NR