REG - Sylvania Platinum - Share Buyback

Sylvania PlatinumAnnouncement

30/03/2022 07:00

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RNS Number : 5582G  Sylvania Platinum Limited  30 March 2022

 

 

 

 

 

 

 
_____________________________________________________________________________________________________________________________

 

30 March 2022

 

 

Sylvania Platinum Limited

 ("Sylvania", the "Company" or the "Group")

 

 

Exercise of vested bonus shares

 
 

Sylvania (AIM: SLP) today announces that on 29 March 2022, it bought back
shares from a certain PDMR and employees.

 

The shares bought back were granted to the PDMR and employees under the
Sylvania Platinum Limited Bonus Share Award Scheme ("the Scheme") as deferred
share awards ("Bonus Shares").  In terms of the Scheme rules, shares acquired
through the Scheme can be sold back to the Company during specified periods,
being March and September during a calendar year.

 

The Company has bought back 263,724 of the Bonus Shares at the 30-day VWAP of
100.7725 pence as at close of business on 28 March 2022. The repurchased
shares will be held in Treasury and used to fulfil future bonus share awards.

 

Of the total 263,724 Bonus Shares being bought back, the following transaction
relates to a PDMR of the Company:

 

 PDMR                                             Shares sold        Bonus Shares retained  Total shares held after event  % of share capital (Shares with voting rights)
        Bonus shares being sold  Price per share
 Albert Jordaan                                   20,750  100.7725p  20,750                 186,500                        0.07%
 ( )

Following the above transaction, the Company's issued share capital is
286,155,657 Ordinary Shares, of which a total of 13,433,946 Ordinary Shares
are held in Treasury, which includes 7,500,000 Ordinary Shares held for the
Employee Dividend Entitlement Plan. Therefore, the total number of Ordinary
Shares with voting rights is 272,721,711.

 

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 / Ed Phillips

 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)

 

 

This announcement is released by Sylvania Platinum Limited and contains inside
information for the purposes of Article 7 of the Market Abuse Regulation (EU)
596/2014 ("MAR"), and is disclosed in accordance with the Company's
obligations under Article 17 of MAR.

 

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

 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)
                                                                  100.7725p  20,750

 

 d)  Aggregated information                                       n/a Single Transaction

     -      Aggregated volume

     -      Price

 e)  Date of the transaction                                      29 March 2022

 f)  Place of the transaction                                     Off Market

 

 

 

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

29 March 2022

f)

Place of the transaction

 

Off Market

 

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