Jupiter to distribute around ZAR150 million to Pallinghurst
Date24 Jan 2017
Today, Jupiter Mines Limited (“Jupiter”) announced the details of an off‐market equal access share buy‐back (“Buy Back”) pursuant to which it intends to return US$55 million to its shareholders (“Shareholders”). All Jupiter shareholders will be made an equal offer to buy‐back 6% of their shares in Jupiter (“Shares”), at a set price of US$0.40 (approx. AU$0.53) per share. This represents a premium in excess of five times the price at which the Shares last traded on the ASX.