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REG - Sylvania Platinum - Share Buyback Update

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RNS Number : 7483Q  Sylvania Platinum Limited  30 June 2022

________________________________________________________________________________________________________________________

 

30 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 29 June 2022 it acquired 251,893 Ordinary Shares,
representing approximately 0.09% of the Company's issued share capital, at an
average price of 88.35p per Ordinary Share.

 

The Company's issued share capital is 280,155,657 Ordinary Shares, of which,
following the above transaction, a total of 13,774,963 Ordinary Shares are
held in Treasury. Therefore, the total number of Ordinary Shares with voting
rights in Sylvania is 266,380,694 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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