REG - Sylvania Platinum - Cancellation of Ordinary Shares

Sylvania PlatinumAnnouncement

24/10/2018 08:10

RNS Number : 0063F
Sylvania Platinum Limited
24 October 2018
 


 
 
 
 
 
 
                             _____________________________________________________________________________________________________________________________
 
Sylvania Platinum Limited
 ("Sylvania" or "the Company")
 AIM (SLP)
 
 
Cancellation of Ordinary $0.01 Shares
 
 
 
24 October 2018
 
With reference to the Share Buyback Programme (the "Programme") which closed on 24 August 2018, wherein the Company purchased Ordinary $0.01 Shares ("Ordinary Shares") from small non-UK based shareholders at a price of A$0.1619 per Ordinary Share, the Company has now finalised all outstanding documentation and required indemnities and can confirm that a total of 2,407,481 Ordinary Shares have been purchased, representing 57.6% of the shares on offer under the Programme and 55.4% of shareholders the offer was made to.
 
As announced on 1 December 2017, a total of 1,515,224 Ordinary Shares bought back under the Programme were cancelled and the Company is pleased to announce that the remaining 892,257 Ordinary Shares, placed into treasury, have now been cancelled.  A further adjustment to shares held in treasury has also been made to correct a previous misallocation of 120,000 Ordinary Shares.
 
Following the above transactions, the Company's issued share capital is 290,241,404 Ordinary Shares, of which a total of 4,206,885 Ordinary Shares are held in treasury.  Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 286,034,519 Ordinary Shares.
 
 
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
 
 
CONTACT DETAILS
 



For further information, please contact:








Terence McConnachie (Chief Executive Officer)


+44 777 533 7175














Nominated Advisor and Broker








Liberum Capital Limited


+44 (0) 20 3100 2000




Richard Crawley / Chris Britton


















Communications








Alma PR Limited


+44 (0) 7580 216 203




Josh Royston / Helena Bogle







 




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