REG - Sylvania Platinum - Share Buyback

Sylvania PlatinumAnnouncement

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RNS Number : 5828X  Sylvania Platinum Limited  23 March 2026

 
 
 ___________________________________________________________________________________________________________________________

 

23 March 2026

 

Sylvania Platinum Limited

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

 

 

Launch of US$2m Share Buyback Programme
 

Sylvania (AIM: SLP), the platinum group metals ("PGM") and emerging chrome
producer and developer with assets in South Africa, announces that it intends
to conduct a Share Buyback Programme (the "Share Buyback") on-market to
purchase Ordinary Shares at US$0.01  each ("Ordinary Shares") of the
Company's issued share capital, up to a maximum consideration of US$2.0
million ("Maximum Amount").

 

The purpose of the Share Buyback is to return capital back to shareholders, in
line with the Company's capital allocation framework as announced on 24
February 2026 in the Interim Financial Results. The Share Buyback will be
carried out under the terms and authority of the Company's Bye Laws and all
Ordinary Shares purchased will be held initially in treasury.

 

The Company has instructed Panmure Liberum Limited to execute the Share
Buyback, including its irrevocable appointment to purchase shares with
absolute discretion during any closed period. The Share Buyback will be
funded from the Company's current cash balance.

 

Shareholders should be aware that the number of Ordinary Shares acquired by
Panmure Liberum on any trading day shall not represent more than 25% of the
average daily volume of the Ordinary Shares on that relevant trading venue
calculated based on the average daily volume of Ordinary Shares traded during
the 20 trading days preceding the date of purchase of such Ordinary Shares.

 

There is no guarantee that the Share Buyback will be implemented in full or
that any repurchases will be made.

 

The Share Buyback will be effective from the date of this announcement and the
Share Buyback will terminate on the earliest of the date on which the Maximum
Amount has been reached or 31 May 2026.

 

The Company intends to comply as far as practicable with Article 5(1) of
Regulation (EU) No 596/2014 ("MAR"). However, there may be circumstances
where, given the limited liquidity in the Ordinary Shares, the Company may not
be able to benefit from this exemption.

 

Any market purchase of Ordinary Shares pursuant to the Share Buyback will be
announced no later than the following business day on which the purchase
occurred.

 

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

 Ronel Bosman CFO

 Nominated Adviser and Broker
 Panmure Liberum Limited                                                    +44 (0) 20 3100 2000
 Scott Mathieson / John More / Gaya Bhatt

 Joint Broker

 Joh. Berenberg, Gossler & Co KG, London Jennifer Lee / Ivan Briechle       +44 (0) 20 3207 7800

 Communications
 BlytheRay                                                                  +44 (0) 20 7138 3204

 Megan Ray / Rachael Brooks

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 ("PGMs")
(platinum, palladium and rhodium) and emerging chrome producer and developer
with operations located in South Africa. The Sylvania Dump Operations ("SDO")
is comprised of six chrome beneficiation and PGM processing plants focusing on
the retreatment of PGM-rich chrome tailings materials from mines in the
Bushveld Igneous Complex ("BIC"). The SDO is the largest PGM producer from
chrome tailings re-treatment in the industry. In FY2023, the Company entered
into the Thaba Joint Venture ("Thaba JV") which comprises chrome beneficiation
and PGM processing plants, and which will treat a combination of run of mine
("ROM") and historical chrome tailings from the JV partner, adding a full
margin chromite concentrate revenue stream. The Group also holds mining rights
for PGM projects in the Northern Limb of the BIC.

 

 

For more information visit https://www.sylvaniaplatinum.com/
(https://www.sylvaniaplatinum.com/)

 

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