REG - Sylvania Platinum - Share Purchase

Sylvania PlatinumAnnouncement

24/09/2019 07:00

RNS Number : 4189N
Sylvania Platinum Limited
24 September 2019
 


 
 
 
 
 
 
                             _____________________________________________________________________________________________________________________________
 
Sylvania Platinum Limited
 
 ("Sylvania" or "the Company")
 
 AIM (SLP)
 
 
Share Buyback Update
 
 
24 September 2019
 
With reference to the Share Buyback Programme (the "Programme") announced on 23 September 2019, the Company announces that Liberum Capital Limited ("Liberum") has acquired 3.0 million ordinary shares of USD0.01 each in the Company ("Ordinary Shares"), representing approximately 1.04% of the Company's issued share capital, at 41.68p per Ordinary Share, for transfer into Treasury.
 
Under the Programme, the Company's offer to buy back up to 1.2 million Ordinary Shares from employees in the Company, excluding Directors, remains open until 27 September 2019, as previously announced.
 
The Ordinary Shares acquired under the Programme will be used to fulfil the current shortfall in shares held in Treasury to cover the bonus share awards and options, which vest over the next five years.
 
Following the above transaction, the Company's issued share capital is 289,724,772 Ordinary Shares, of which a total of 7,209,635 Ordinary Shares are held in Treasury.  Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 282,515,137 Ordinary Shares.
 
This announcement is released by Sylvania Platinum Limited and contains inside information for the purposes of Article 7 of the MAR (EU) 596/2014, 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 Terence McConnachie.
 
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
 
 
CONTACT DETAILS
 




For further information, please contact:


 




Terence McConnachie (Chief Executive Officer)


+27 82 553 4256




 


 




Nominated Advisor and Broker


 




Liberum Capital Limited


+44 (0) 20 3100 2000




Richard Crawley / Ed Phillips


 




 


 




Communications


 




Alma PR Limited


+44 (0) 203 405 0205




Josh Royston / Helena Bogle


 




 
 




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