SPARK Advisory Partners acted as Nominated Adviser to Jubilee Metals Group plc (AIM: JLP, Altx: JBL), a diversified metals producer with operations in South Africa and Zambia, in connection with the proposed disposal of its South African chrome operations for up to US$90m.
The disposal will allow Jubilee to strategically reposition within the copper sector which has significantly greater investor recognition and valuation multiples, supported by a well-defined peer group.
Proceeds from the disposal would substantially exceed Jubilee’s short-term capital requirements to establish itself as a substantial and scalable copper producer, positioning the Company in an industry known for superior valuation metrics.
Importantly, the Transaction is non-dilutive and creates the opportunity to accelerate a sustainable share buyback programme and/or implement a dividend policy, supported by a more stable, copper focused asset base.
