REG - Sylvania Platinum - Buyback Under Employee Share Award Scheme

Sylvania PlatinumAnnouncement

Yesterday 07:02

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RNS Number : 1688V  Sylvania Platinum Limited  04 March 2026

 

 
 ___________________________________________________________________________________________________________________

 

4 March 2026

 

Sylvania Platinum Limited

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

 

Buyback Under Employee Share Award Scheme

 

Sylvania (AIM: SLP), the platinum group metals ("PGM"), and emerging Chrome
producer and developer with assets in South Africa, announces that the Company
has, on 3 March 2026, acquired 276,692 Ordinary Shares of $0.01 each in the
Company ("Ordinary Shares") from its employees.

 

The Ordinary Shares were granted to eligible employees over the tenure of
their employment with the Company under the Sylvania Platinum Limited Bonus
Share Award Plan (the "Plan"). The Plan rules allow for employees to request
the Company to buy back shares twice a year at the 30-Day Volume-Weighted
Average Price ("VWAP").

 

The Ordinary Shares were purchased at the 30-day VWAP price of 115.33 pence
per Ordinary Share, calculated at the close of business on 2 March 2026 and
placed into Treasury to be utilised to satisfy future awards under the
Company's incentive schemes.

 

Of the total Ordinary Shares being repurchased, 218,125 relate to a Person
Closely Associated ("PCA") to a Person Displaying Management Responsibility
("PDMR") of the Company, as follows:

 

 PDMR            Shares Beneficially Interested in  Shares sold  Price per share  Total shares Beneficially Interested in after event  % of share capital (Shares with voting rights)
 Albert Jordaan  218,125                            218,125      115.33p          0                                                    0.00%

 

For the purposes of the Financial Conduct Authority's Disclosure and
Transparency Rules, the Company's issued share capital is 271,661,725
Ordinary Shares. Following the above transaction, a total of 11,802,534
Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary
Shares with voting rights in Sylvania is 259,859,191 Ordinary Shares.

 

 

CONTACT DETAILS

 

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

 Ronel Bosman CFO

 Nominated Adviser and Joint Broker
 Panmure Liberum Limited                      +44 (0) 20 3100 2000
 Scott Mathieson / John More / Gaya Bhatt

 Joint Broker
 Joh. Berenberg, Gossler & Co KG, London      +44 (0) 20 3207 7800
 Jennifer Lee / Ivan Briechle

 Communications

 BlytheRay                                    +44 (0) 20 7138 3204

 Megan Ray / Rachael Brooks                   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 ("PGMs")
(platinum, palladium and rhodium) and emerging Chrome producer and developer
with Operations located in South Africa. The Sylvania Dump Operations ("SDO")
is comprised of six Chrome beneficiation and PGM processing Plants focusing on
the retreatment of PGM-rich chrome tailings materials from mines in the
Bushveld Igneous Complex ("BIC"). The SDO is the largest PGM producer from
chrome tailings re-treatment in the industry. In FY2023, the Company entered
into the Thaba Joint Venture ("Thaba JV") which comprises Chrome beneficiation
and PGM processing plants, and is treating a combination of run of mine
("ROM") and historical Chrome tailings from the JV partner, adding a full
margin Chrome concentrate revenue stream. The Group also holds mining rights
for PGM projects in the Northern Limb of the BIC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1   Details of the person discharging managerial responsibilities/person closely
     associated

 a)  PDMR or PCA Submission                                       Submission for PCA to a PDMR

 b)  Legal Person                                                 Jordaan Familie Trust

 2   Reason for the notification

 a)  Position/status                                              Family Trust of Executive Officer: New Business

 b)  Initial notification/ Amendment                              Initial Notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor

 a)  Name                                                         Sylvania Platinum Limited

 b)  LEI                                                          2138005DSKINAZ4OA492

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)  Description of the financial instrument, type of instrument  Ordinary Shares of USD 0.01 each

     Identification code

                                                                  BMG864081044
 b)  Nature of the transaction                                    Sale of Ordinary Shares

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  115.33p   218,125
 d)  Aggregated information                                       n/a Single Transaction

     -      Aggregated volume

     -      Price

 e)  Date of the transaction                                      3 March 2026

 f)  Place of the transaction                                     Off Market

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

3 March 2026

f)

Place of the transaction

 

Off Market

 

 

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