REG - Sylvania Platinum - Share Purchase

Sylvania PlatinumAnnouncement

24/12/2018 07:05

RNS Number : 3988L
Sylvania Platinum Limited
24 December 2018
 


 
 
 
 
 
 
                             _____________________________________________________________________________________________________________________________
 
Sylvania Platinum Limited
 ("Sylvania", "the Company")
 AIM (SLP)
 
Share Purchase
 
 
24 December 2018
 
The Company hereby announces that, on 21 December 2018, the Board agreed to buy back 516,632 ordinary shares of USD0.01 each in the Company ("Ordinary Shares") held by a person discharging managerial responsibilities ("PDMR") as defined in the Market Abuse Regulations.  The Ordinary Shares were purchased at 16.00 pence per Ordinary Share and will be cancelled immediately.
 




PDMR


Bonus shares being exercised


Option Plan shares being exercised


Shares sold


Shares retained


Total shares held after event


% of share capital (Shares with voting rights)




Price per share


Sales for tax and dealing costs


Other share sales




A Jordaan


-


-


16.00


-


516,632


     -


-


-




 
Following this transaction, the Company's issued share capital will be 289,724,772 Ordinary Shares, of which a total of 4,206,885 Ordinary Shares are held in treasury.  Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 285,517,887 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)


+44 777 533 7175




 


 




Nominated Advisor and Broker


 




Liberum Capital Limited


+44 (0) 20 3100 2000




Richard Crawley / Chris Britton


 




 


 




Communications


 




Alma PR Limited


+44 (0) 77 8090 1979




Josh Royston / Helena Bogle


 




 
  
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 persons closely associated with them




1


Details of the person discharging managerial responsibilities/person closely associated
 




a)


Name
 


A 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
 
 
 
Identification code
 


Ordinary Shares of USD 0.01 each
 
 
 
 
BMG864081044




b)


Nature of the transaction
 


Sale of shares




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




 
16.00
 


 
516,632
 




 
 
 




d)


Aggregated information
 
-      Aggregated volume
 
-      Price
 


n/a Single Transaction
 
 
 




e)


Date of the transaction
 


21 December 2018




f)


Place of the transaction
 


Off Market




 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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