REG - Sylvania Platinum - Share Buyback Update

Sylvania PlatinumAnnouncement

19/03/2024 07:00

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RNS Number : 3849H  Sylvania Platinum Limited  19 March 2024

 
 

 

 

 

 

 
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19 March 2024

 

 

Sylvania Platinum Limited

 ("Sylvania", the "Company" or the "Group")

 

 

Share Buyback

 

 

Sylvania (AIM: SLP), the platinum group metals ("PGM") producer and developer
with assets in South Africa, announces that the Company has, on 18 March 2024,
acquired 70,000 Ordinary Shares of $0.01 each in the Company ("Ordinary
Shares") from the market at an average price of 58.0 pence per Ordinary Share,
placed into Treasury pending cancellation.

 

For the purposes of the Financial Conduct Authority's Disclosure and
Transparency Rules, the Company's issued share capital is 275,375,725
Ordinary Shares. Following the above purchase, a total of 12,825,211 Ordinary
Shares, including 1,060,000 pending cancellation, are held in Treasury.
Therefore, the total number of Ordinary Shares with voting rights in Sylvania
is 262,550,514 Ordinary Shares.

 

 

CONTACT DETAILS

 

 For further information, please contact:
 Jaco Prinsloo CEO                              +27 11 673 1171

 Lewanne Carminati CFO

 Nominated Adviser and Broker
 Liberum Capital Limited                        +44 (0) 20 3100 2000
 Richard Crawley / Scott Mathieson / John More

 Communications
 BlytheRay                                      +44 (0) 20 7138 3205
 Tim Blythe / Megan Ray                         sylvania@BlytheRay.com (mailto:sylvania@BlytheRay.com)

CORPORATE INFORMATION

 

 Registered and postal address:  Sylvania Platinum Limited
                                 Clarendon House
                                 2 Church Street
                                 Hamilton HM 11
                                 Bermuda

 SA Operations postal address:   PO Box 976
                                 Florida Hills, 1716
                                 South Africa

 

Sylvania Website: www.sylvaniaplatinum.com (http://www.sylvaniaplatinum.com)

 

 

 

About Sylvania Platinum Limited

 

Sylvania Platinum is a lower-cost producer of platinum group metals (PGM)
(platinum, palladium and rhodium) with operations located in South Africa. The
Sylvania Dump Operations (SDO) comprises six chrome beneficiation and PGM
processing plants focusing on the retreatment of PGM-rich chrome tailings
materials from mines in the Bushveld Igneous Complex. The SDO is the largest
PGM producer from chrome tailings re-treatment in the industry. Additionally,
the Thaba JV comprises chrome beneficiation and PGM processing plants, which
will treat a combination of run of mine (ROM) and historical chrome tailings
from the JV partner, adding a full margin chromite concentrate revenue stream.
The Group also holds mining rights for PGM projects in the Northern Limb of
the Bushveld Complex.

 

For more information visit https://www.sylvaniaplatinum.com/
(https://www.sylvaniaplatinum.com/)

 

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