Sylvania Platinum - Exercise of Vested Bonus Shares

Sylvania Platinum

30/09/2025 07:00

RNS Number : 3057B

Sylvania Platinum Limited

30 September 2025

 

 

                             _____________________________________________________________________________________________________________________________

 

30 September 2025

 

 

Sylvania Platinum Limited

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

 

 

Exercise of Vested Bonus Shares

 

 

Sylvania (AIM: SLP), the platinum group metals ("PGM"), chrome producer and developer with assets in South Africa, today announces that certain Directors, senior management and employees have, following the vesting of deferred share awards granted to them in August 2022 under the Sylvania Platinum Limited Bonus Share Award Plan (the "Plan"), exercised their rights over a total of 692,000 Ordinary Shares in the capital of the Company. This has been satisfied by issuing Ordinary Shares held in Treasury.

 

256,050 of the Ordinary Shares were immediately repurchased by the Company at the vesting price of 77.60 pence, in order to satisfy the tax liabilities of the PDMRs and employees.

 

The Plan rules allow for employees to request the Company to buy back shares in addition to the tax portion twice a year at the 30-Day VWAP. A further 409,397 Ordinary Shares have been repurchased by the Company at the 30-day VWAP of 78.49 pence, calculated at the close of business on 26 September 2025.   

 

All of the 665,447 Ordinary Shares repurchased by the Company are being held in Treasury.

 

Of the total 692,000 Bonus Shares being exercised, the following relate to Directors and senior management of the Company who are deemed to be Company PDMRs:

 

Director
Bonus shares being exercised
Shares sold
Bonus shares retained
Total shares held after event
% of share capital (Shares with voting rights)
Sales for tax and dealing costs
Price per share
Other share sales
Price per share
Jaco Prinsloo
64,000
28,800
77.60p
-
-
35,200
1,605,594
0.62%
Lewanne Carminati
48,000
21,600
77.60p
-
-
26,400
1,448,381
0.56%

 

PDMR
Bonus shares being exercised
Shares sold
Bonus Shares retained
Total shares held after event
% of share capital (Shares with voting rights)
Sales for tax and dealing costs
Price per share
Other share sales
Price per share
Albert Jordaan
46,000
20,700
77.60p
172,800
78.49p
-
218,125
0.08%
Ronel Bosman
14,000
-
77.60p
-
-
14,000
22,006
0.01%
Alpheus Mothiba
26,000
11,700
77.60p
-
-
14,300
14,300
0.01%


Following the above transactions, the Company's issued share capital amounts to 271,661,725 Ordinary Shares of which a total of 11,578,948 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 260,082,777 Ordinary Shares.

 

CONTACT DETAILS

 

For further information, please contact:
Jaco Prinsloo CEO
Lewanne Carminati CFO
+27 11 673 1171
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
+44 (0) 20 3207 7800
Jennifer Lee
Communications
BlytheRay
+44 (0) 20 7138 3204
Tim Blythe / Megan Ray
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

 

 

 

About Sylvania Platinum Limited

 

 

Sylvania Platinum is a lower-cost producer of platinum group metals (PGMs) (platinum, palladium and rhodium) and chrome 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 is treating 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/

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
Jacobus Johannes Prinsloo
2
Reason for the notification
a)
Position/status
Chief Executive Officer
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
Exercise of Share Awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
77.60p
64,000
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

 

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
Jacobus Johannes Prinsloo
2
Reason for the notification
a)
Position/status
Chief Executive Officer
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 exercised Share Awards to satisfy the tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
77.60p
28,800
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

 

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
Lewanne Carminati
2
Reason for the notification
a)
Position/status
Chief Financial Officer
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
Exercise of Share Awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
77.60p
48,000
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

 

 

 

 

 

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
Lewanne Carminati
2
Reason for the notification
a)
Position/status
Chief Financial Officer
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 exercised Share Awards to satisfy the tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
77.60p
26,400
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

 

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
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
Identification code
Ordinary Shares of USD 0.01 each
BMG864081044
b)
Nature of the transaction
Exercise of Share Awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
77.60p
46,000
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

 

 

 

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
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
Identification code
Ordinary Shares of USD 0.01 each
BMG864081044
b)
Nature of the transaction
Sale of exercised Share Awards to satisfy the tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
77.60p
20,700
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

 

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
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
Identification code
Ordinary Shares of USD 0.01 each
BMG864081044
b)
Nature of the transaction
Sale of Share Awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
78.49p
172,800
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

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
Ronel Bosman
2
Reason for the notification
a)
Position/status
Executive Officer: Finance
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
Exercise of Share Awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
77.60p
14,000
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

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
Alpheus Mothiba
2
Reason for the notification
a)
Position/status
Executive Officer: Human Resources
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
Exercise of Share Awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
77.60p
26,000
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

 

 

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
Alpheus Mothiba
2
Reason for the notification
a)
Position/status
Executive Officer: Human Resources
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 exercised Share Awards to satisfy the tax liability
c)
Price(s) and volume(s)
Price(s)
Volume(s)
77.60p
11,700
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
29 September 2025
f)
Place of the transaction
Off Market

 

 

 

 

 

 

 

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