REG - Sylvania Platinum - Exercise of vested bonus shares
17/11/2023 07:00
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RNS Number : 8166T Sylvania Platinum Limited 17 November 2023
_____________________________________________________________________________________________________________________________
17 November 2023
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Exercise of Vested Bonus Shares
Sylvania (AIM: SLP) today announces that on 16 November 2023 certain
Directors, senior management and employees have, following the vesting of
deferred share awards granted to them in August 2020 under the Sylvania
Platinum Limited Bonus Share Award Plan ("the Plan"), exercised their rights
over a total of 1,235,000 Ordinary Shares in the capital of the Company. This
has been satisfied by issuing Ordinary Shares held in Treasury.
448,150 of the Ordinary Shares were immediately repurchased by the Company at
the vesting price of 70.0 pence, in order to satisfy the tax liabilities of
the PDMRs and employees.
The Plan rules allow for employees to request the Company to buy back shares
in addition to the tax portion twice a year at the 30-Day VWAP. A further
236,600 Ordinary Shares have been repurchased by the Company at the 30-day
VWAP of 76.5 pence, calculated at the close of business on 15 November 2023.
All of the 684,750 Ordinary Shares repurchased by the Company are being held
in Treasury.
Of the total 1,235,000 Bonus Shares being exercised, the following relate to
Directors and senior management of the Company:
Director Bonus shares being exercised Shares sold Bonus shares retained Total shares held after event % of share capital (Shares with voting rights)
Sales for tax and dealing costs Price per share Other share sales Price per share
Jaco Prinsloo 140,000 63,000 70.0p - - 77,000 1,540,144 0.59%
Lewanne Carminati 130,000 58,500 70.0p - - 71,500 1,398,336 0.53%
PDMR Bonus shares being exercised Shares sold Bonus Shares retained Total shares held after event % of share capital (Shares with voting rights)
Sales for tax and dealing costs Price per share Other share sales Price per share
Albert Jordaan 95,000 20,000 70.0p - - 75,000 334,000 0.13%
Robbie van der Schyff 60,000 27,000 70.0p - - 33,000 33,000 0.01%
( )
Following the above transaction, the Company's issued share capital amounts to
275,375,725 Ordinary Shares of which a total of 13,000,211 Ordinary Shares are
held in Treasury. Therefore, the total number of Ordinary Shares with voting
rights in Sylvania 262,375,514 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 / Kane Collings
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,
treating a combination of 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/)
The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation, provide further detail.
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) Name Jacobus Johannes Prinsloo
2 Reason for the notification
a) Position/status Chief Executive Officer
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 Exercise of Share Awards
c) Price(s) and volume(s)
Price(s) Volume(s)
70.0p 140,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 16 November 2023
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
16 November 2023
f)
Place of the transaction
Off Market
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) Name Jacobus Johannes Prinsloo
2 Reason for the notification
a) Position/status Chief Executive Officer
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 exercised Share Awards to satisfy the tax liability
c) Price(s) and volume(s)
Price(s) Volume(s)
70.0p 63,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 16 November 2023
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
16 November 2023
f)
Place of the transaction
Off Market
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) Name Lewanne Carminati
2 Reason for the notification
a) Position/status Chief Financial Officer
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 Exercise of Share Awards
c) Price(s) and volume(s)
Price(s) Volume(s)
70.0p 130,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 16 November 2023
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
16 November 2023
f)
Place of the transaction
Off Market
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) Name Lewanne Carminati
2 Reason for the notification
a) Position/status Chief Financial Officer
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 exercised Share Awards to satisfy the tax liability
c) Price(s) and volume(s)
Price(s) Volume(s)
70.0p 58,500
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 16 November 2023
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
16 November 2023
f)
Place of the transaction
Off Market
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) Name Albertus Jacobus Johannes Jordaan
2 Reason for the notification
a) Position/status 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 Exercise of Bonus Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
70.0p 95,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 16 November 2023
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
16 November 2023
f)
Place of the transaction
Off Market
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) Name Albertus Jacobus Johannes Jordaan
2 Reason for the notification
a) Position/status 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 exercised Share Awards to satisfy the tax liability
c) Price(s) and volume(s)
Price(s) Volume(s)
70.0p 20,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 16 November 2023
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
16 November 2023
f)
Place of the transaction
Off Market
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) Name Robert John van der Schyff
2 Reason for the notification
a) Position/status Executive Officer: Operations
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 Exercise of Bonus Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
70.0p 60,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 16 November 2023
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
16 November 2023
f)
Place of the transaction
Off Market
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) Name Robert John van der Schyff
2 Reason for the notification
a) Position/status Executive Officer: Operations
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 exercised Bonus Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
70.0p 27,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 16 November 2023
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
16 November 2023
f)
Place of the transaction
Off Market
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