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RNS Number : 3115B Sylvania Platinum Limited 30 September 2022
_____________________________________________________________________________________________________________________________
30 September 2022
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Exercise of vested bonus shares
Sylvania (AIM: SLP) today announces that certain Directors, senior management
and employees have, following the vesting of deferred share awards, granted to
them in August 2019 under the Sylvania Platinum Limited Deferred Share Award
Scheme, exercised their rights over a total of 1,755,000 Ordinary Shares in
the capital of the Company. This has been satisfied by issuing Ordinary Shares
held in Treasury.
702,300 of the Ordinary Shares were immediately repurchased by the Company at
the vesting price of 96.5 pence, in order to satisfy the tax liabilities of
the PDMRs and employees.
A further 382,700 Ordinary Shares have been repurchased by the Company at the
30-day VWAP of 90.91 pence, calculated at the close of business on 29
September 2022. These Ordinary Shares were repurchased at the request of
certain employees under the terms of the Deferred Share Award Rules.
All of the 1,085,000 Ordinary Shares repurchased by the Company are being held
in Treasury.
Of the total 1,755,000 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 165,000 74,250 96.5p - - 90,750 1,463,144 0.55%
Lewanne Carminati 150,000 67,500 96.5p - - 82,500 1,326,831 0.50%
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 150,000 67,500 96.5p 10,000 90.91p 72,500 259,000 0.10%
( )
Following the above transaction, the Company's issued share capital amounts to
280,155,657 Ordinary Shares of which a total of 13,354,869 Ordinary Shares are
held in Treasury. Therefore, the total number of Ordinary Shares with voting
rights in Sylvania 266,800,788 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
Alma PR Limited +44 (0) 20 3405 0205
Justine James / Josh Royston / Matthew Young sylvania@almapr.co.uk (mailto:sylvania@almapr.co.uk)
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. 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 information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse regulation
(EU) no.596/2014 as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019.
For the purposes of MAR and Article 2 of Commission Implementing Regulation
(EU) 2016/1055, this announcement is being made on behalf of the Company by
Jaco Prinsloo.
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)
96.5p 165,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2022
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2022
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)
96.5p 74,250
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2022
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2022
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)
96.5p 150,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2022
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2022
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)
96.5p 67,500
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2022
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2022
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)
96.5p 150,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2022
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2022
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)
96.5p 67,500
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2022
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2022
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 Bonus Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
90.91p 10,000
d) Aggregated information n/a Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 29 September 2022
f) Place of the transaction Off Market
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2022
f)
Place of the transaction
Off Market
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