REG - Sylvania Platinum - Exercise of Vested Bonus Shares
27/09/2024 07:00
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RNS Number : 8849F Sylvania Platinum Limited 27 September 2024
_____________________________________________________________________________________________________________________________
27 September 2024
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Exercise of Vested Bonus Shares
Sylvania (AIM: SLP), the platinum group metals ("PGM") producer and developer
with assets in South Africa, today announces that certain Directors, senior
management and employees have, following the vesting of deferred share awards
granted to them in August 2021 under the Sylvania Platinum Limited Bonus Share
Award Plan ("the Plan"), exercised their rights over a total of 455,358
Ordinary Shares in the capital of the Company. This has been satisfied by
issuing Ordinary Shares held in Treasury.
153,168 of the Ordinary Shares were immediately repurchased by the Company at
the vesting price of 50.00 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
89,374 Ordinary Shares have been repurchased by the Company at the 30-day VWAP
of 46.75 pence, calculated at the close of business on 25 September 2024.
All of the 242,542 Ordinary Shares repurchased by the Company are being held
in Treasury.
Of the total 455,358 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 55,000 24,750 50.0p - - 30,250 1,570,354 0.60%
Lewanne Carminati 43,000 19,350 50.0p - - 23,650 1,421,981 0.54%
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 31,625 - 50.0p - - 31,625 365,625 0.14%
Robbie van der Schyff 27,652 12,443 50.0p - - 15,209 48,209 0.02%
( )
Following the above transaction, the Company's issued share capital amounts to
273,366,725 Ordinary Shares of which a total of 11,552,395 Ordinary Shares are
held in Treasury. Therefore, the total number of Ordinary Shares with voting
rights in Sylvania 261,814,330 Ordinary Shares.
CONTACT DETAILS
For further information, please contact:
Jaco Prinsloo CEO +27 11 673 1171
Lewanne Carminati CFO
Nominated Adviser and Broker
Panmure Liberum Limited +44 (0) 20 3100 2000
Scott Mathieson / John More / Joshua Borlant
Communications
BlytheRay +44 (0) 20 7138 3204
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 ("PGMs")
(platinum, palladium and rhodium) 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 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
BIC
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)
50.0p 55,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 26 September 2024
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
26 September 2024
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)
50.0p 24,750
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 26 September 2024
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
26 September 2024
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)
50.0p 43,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 26 September 2024
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
26 September 2024
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)
50.0p 19,350
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 26 September 2024
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
26 September 2024
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 Share Awards
c) Price(s) and volume(s)
Price(s) Volume(s)
50.0p 31,625
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 26 September 2024
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
26 September 2024
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 Share Awards
c) Price(s) and volume(s)
Price(s) Volume(s)
50.0p 27,652
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 26 September 2024
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
26 September 2024
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 Share Awards to satisfy the tax liability
c) Price(s) and volume(s)
Price(s) Volume(s)
50.0p 12,443
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 26 September 2024
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
26 September 2024
f)
Place of the transaction
Off Market
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