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RNS Number : 6048P Sylvania Platinum Limited 21 June 2022
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21 June 2022
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Share Buyback Update
With reference to the proposed share buyback announced on 9 May 2022, the
Company announces that on 20 June 2022 it acquired 117,588 Ordinary Shares,
representing approximately 0.04% of the Company's issued share capital, at an
average price of 86.21p per Ordinary Share.
Following the above transaction, the Company's issued share capital is
286,155,657 Ordinary Shares, of which a total of 18,191,844 Ordinary Shares
are held in Treasury, including 4,757,898 Ordinary Shares pending
cancellation. Therefore, the total number of Ordinary Shares with voting
rights in Sylvania is 267,963,813 Ordinary Shares.
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.
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 and a chrome prospect in the Northern
Limb of the Bushveld Complex.
For more information visit https://www.sylvaniaplatinum.com/
(https://www.sylvaniaplatinum.com/)
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