REG - Sylvania Platinum - Exercise of Vested Bonus Shares
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RNS Number : 3057B Sylvania Platinum Limited 30 September 2025
_____________________________________________________________________________________________________________________________
30 September 2025
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Exercise of Vested Bonus Shares
Sylvania (AIM: SLP), the platinum group metals ("PGM"), chrome 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 2022 under the Sylvania Platinum Limited
Bonus Share Award Plan (the "Plan"), exercised their rights over a total of
692,000 Ordinary Shares in the capital of the Company. This has been satisfied
by issuing Ordinary Shares held in Treasury.
256,050 of the Ordinary Shares were immediately repurchased by the Company at
the vesting price of 77.60 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
409,397 Ordinary Shares have been repurchased by the Company at the 30-day
VWAP of 78.49 pence, calculated at the close of business on 26 September
2025.
All of the 665,447 Ordinary Shares repurchased by the Company are being held
in Treasury.
Of the total 692,000 Bonus Shares being exercised, the following relate to
Directors and senior management of the Company who are deemed to be Company
PDMRs:
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 64,000 28,800 77.60p - - 35,200 1,605,594 0.62%
Lewanne Carminati 48,000 21,600 77.60p - - 26,400 1,448,381 0.56%
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 46,000 20,700 77.60p 172,800 78.49p - 218,125 0.08%
Ronel Bosman 14,000 - 77.60p - - 14,000 22,006 0.01%
Alpheus Mothiba 26,000 11,700 77.60p - - 14,300 14,300 0.01%
( )
Following the above transactions, the Company's issued share capital amounts
to 271,661,725 Ordinary Shares of which a total of 11,578,948 Ordinary Shares
are held in Treasury. Therefore, the total number of Ordinary Shares with
voting rights in Sylvania is 260,082,777 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 / Gaya Bhatt
Joint Broker
Joh. Berenberg, Gossler & Co KG, London +44 (0) 20 3207 7800
Jennifer Lee
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) and chrome 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 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)
77.60p 64,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
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)
77.60p 28,800
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
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)
77.60p 48,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
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)
77.60p 26,400
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
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)
77.60p 46,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
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)
77.60p 20,700
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
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 Share Awards
c) Price(s) and volume(s)
Price(s) Volume(s)
78.49p 172,800
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
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 Ronel Bosman
2 Reason for the notification
a) Position/status Executive Officer: Finance
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)
77.60p 14,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
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 Alpheus Mothiba
2 Reason for the notification
a) Position/status Executive Officer: Human Resources
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)
77.60p 26,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
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 Alpheus Mothiba
2 Reason for the notification
a) Position/status Executive Officer: Human Resources
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)
77.60p 11,700
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2025
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market
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