Results of GM & Proposed Capital Reduction
Jubilee Metals Group PLC announced the results of its General Meeting, where Resolution 1, a special resolution to reduce the company's share premium account, was passed with 98.42% of votes in favour, representing 35.03% of total voting rights. Resolutions 2 and 3, concerning the authority to allot shares and dis-apply pre-emption rights, were withdrawn. The company will now seek court confirmation for the capital reduction, with the final hearing scheduled for April 28, 2026, and the reduction expected to become effective on April 29, 2026.
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Altx share code: JBL
('Jubilee' or 'the Company' or 'the Group')
Results of General Meeting
Proposed Capital Reduction
Jubilee, the integrated copper producer and resource developer in Zambia, announces the results of the General Meeting held today 8 April 2026. Resolution 2, an ordinary resolution to grant the directors authority to allot shares in the Company and to grant rights to subscribe for or convert any security into shares in the Company was withdrawn as was resolution 3, a special resolution to dis-apply pre-emption rights in relation to the allotment of equity securities for cash.
Resolution 1, a special resolution to reduce the share premium account of the Company (Capital Reduction) was passed with the requisite majority votes (refer to the announcement dated 23 March 2026). Of the total votes cast, 98.42% voted in favour of the resolution. The votes cast represented 35.03% of the Company's total voting rights.
The Company will now apply to the Court for confirmation of the Capital Reduction. The Capital Reduction will only become effective if the Court confirms the Capital Reduction and the order of the Court confirming the Capital Reduction is delivered to, and registered by, the Registrar of Companies in England and Wales.
EXPECTED TIMETABLE OF REMAINING PRINCIPAL EVENTS
| Final hearing and confirmation of the Capital Reduction by Court | 28 April 2026 |
| Capital Reduction becomes effective | 29 April 2026 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.