REG - Sylvania Platinum - Transaction by PDMR and persons closely associated

Sylvania PlatinumAnnouncement

17/09/2024 07:00

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RNS Number : 4800E  Sylvania Platinum Limited  17 September 2024

 
_____________________________________________________________________________________________________________________________

 

17 September 2024

 

 

Sylvania Platinum Limited

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

 

 

Notification of transaction by persons discharging managerial responsibilities
and persons closely associated

 

 

Sylvania (AIM: SLP), the platinum group metals ("PGM") producer and developer
with assets in South Africa, announces that it was notified on 16 September
2024 of the following transaction by Adrian Reynolds, Non-Executive Director:

 

·     The purchase of 25,000 ordinary shares of $0.01 each in the
Company ("Ordinary Shares") at 47.39 pence per Ordinary Share on 16 September
2024.

 

Following this transaction, his shareholding in the Company totals 75,000
Ordinary Shares, representing 0.03% of the total number of Ordinary Shares
with voting rights.

 

 

CONTACT DETAILS

 

 For further information, please contact:
 Jaco Prinsloo CEO                             +27 11 673 1171

 Lewanne Carminati CFO

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

 Communications
 BlytheRay                                     +44 (0) 20 7138 3204
 Tim Blythe / Megan Ray                        sylvania@BlytheRay.com (mailto:sylvania@BlytheRay.com)

 

 

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) 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/)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated

 a)  Name                                                         Adrian Reynolds

 2   Reason for the notification

 a)  Position/status                                              Non-Executive Director

 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                                    Purchase of Ordinary Shares

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  47.39p    25,000

 

 d)  Aggregated information                                       n/a Single Transaction

     - Aggregated volume

     - Price

 e)  Date of the transaction                                      16 September 2024

 f)  Place of the transaction                                     London Stock Exchange

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

16 September 2024

f)

Place of the transaction

 

London Stock Exchange

 

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