REG - Sylvania Platinum - Share Buyback Programme Update and Extension

Sylvania PlatinumAnnouncement

04/04/2018 07:05

RNS Number : 6665J
Sylvania Platinum Limited
04 April 2018
 

 
 
 
 
 
 
                             _____________________________________________________________________________________________________________________________
 
Sylvania Platinum Limited
 ("Sylvania" or "the Company")
 AIM (SLP)
 
 
Share Buyback Programme Update and Extension
 
 
4 April 2018
 
With reference to the Share Buyback Programme (the "Programme") announced on 21 August 2017 and subsequently extended, the Company announces that between 01 March 2018 and 31 March 2018, a total of 130,195 Ordinary $0.01 Shares ("Ordinary Shares") were purchased from non-UK based shareholders at a price of A$0.1619 per Ordinary Share. This brings the total purchased during the course of the Programme to 2,226,443 Ordinary Shares.
 
Ordinary Shares bought back in accordance with this Programme will be held in treasury to be cancelled.
 
To date, a total of 48.5% of the shareholders holding 53.3% of the shares eligible under the terms of the Programme have taken up the offer.  In order to afford the remaining shareholders the opportunity to still accept the offer, the Company is extending further the closing date to 30 June 2018.  Full details of the Programme may be accessed via the Company's website at www.sylvaniaplatinum.com. 
 
Following the above transaction, the Company's issued share capital is 291,133,661 Ordinary Shares, of which a total of 4,798,104 Ordinary Shares are held in Treasury.  Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 286,335,557 Ordinary Shares.
 
 
CORPORATE INFORMATION
 




Registered office:


Sylvania Platinum Limited








Clarendon House








2 Church Street








Hamilton HM 11








Bermuda














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 (0) 777 533 7175














Nominated Advisor and Broker








Liberum Capital Limited


+44 (0) 20 3100 2000




Richard Crawley / Neil Elliot


















Facilitator   








Bennett & Co


+61 8 6316 2200




David Sanders / Heidi Gan


















Communications








Alma PR Limited


+44 (0) 77 8090 1979




Josh Royston / Helena Bogle / Hilary Buchanan








 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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