Sylvania Platinum - Exercise of Vested Bonus Shares

Sylvania Platinum

30/09/2026 13:07

RNS Number : 0185X
  
Sylvania Platinum Limited
  
30 September 2026
  
 


                                _____________________________________________________________________________________________________________________________
 
30 September 2026
 
 
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 2023 under the Sylvania Platinum Limited Bonus Share Award Plan (the "Plan") or other as approved, exercised their rights over a total of 893,000 Ordinary Shares in the capital of the Company (the "Bonus Shares"). This has been satisfied by issuing Ordinary Shares held in Treasury.
 
289,260 of the Ordinary Shares were immediately repurchased by the Company at the vesting price of 90.00 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 417,131 Ordinary Shares have been repurchased by the Company at the 30-day VWAP of 91.61 pence, calculated at the close of business on 25 September 2026.  
 
All of the 706,391 Ordinary Shares repurchased by the Company are being held in Treasury.
 
Of the total 893,000 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


204,000


91,800


90.00p


-


-


112,200


1,162,794


0.43%










































 




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


44,000


-


90.00


-


-


44,000


44,000


0.02%




Ronel Bosman


14,000


6,300


90.00


-


-


7,700


29,706


0.01%




Alpheus Mothiba


25,000


11,250


90.00


-


-


13,750


28,050


0.01%




 








































Following the above transactions, the Company's issued share capital amounts to 271,661,725 Ordinary Shares of which a total of 13,085,925 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 258,575,800 Ordinary Shares.
 
 
CONTACT DETAILS
 








For further information, please contact:








Jaco Prinsloo CEO
Ronel Bosman CFO


+27 11 673 1171




 








Nominated Adviser and Broker








Panmure Liberum Limited
Scott Mathieson / John More / Gaya Bhatt


+44 (0) 20 3100 2000




 
Joint Broker 
 
Joh. Berenberg, Gossler & Co KG, London
Jennifer Lee / Ivan Briechle


 
 
 
+44 (0) 20 3207 7800
 














Communications








 
BlytheRay
Megan Ray / Rachael Brooks
 
 


 
+44 (0) 20 7138 3204
 








 




 








 








 








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 emerging Chrome producer 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 Chrome 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/
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)




90.00p


204,000










d)


Aggregated information
-    Aggregated volume
-    Price


n/a Single Transaction
 
 




e)


Date of the transaction


30 September 2026




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)




90.00p


91,800










d)


Aggregated information
-    Aggregated volume
-    Price


n/a Single Transaction
 
 
 




e)


Date of the transaction


30 September 2026




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)




90.00p


44,000










d)


Aggregated information
-    Aggregated volume
-    Price
 


n/a Single Transaction
 
 
 




e)


Date of the transaction


30 September 2026




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


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)




90.00p


14,000










d)


Aggregated information
-    Aggregated volume
-    Price
 


n/a Single Transaction
 
 




e)


Date of the transaction


30 September 2026




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


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 share awards to satisfy tax liability 




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




90.00p


6,300










d)


Aggregated information
-    Aggregated volume
-    Price


n/a Single Transaction
 
 




e)


Date of the transaction


30 September 2026




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)




90.00p


25,000










d)


Aggregated information
-    Aggregated volume
-    Price
 


n/a Single Transaction
 




e)


Date of the transaction


30 September 2026




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)




90.00p


11,250










d)


Aggregated information
-    Aggregated volume
-    Price
 


n/a Single Transaction
 
 




e)


Date of the transaction


30 September 2026




f)


Place of the transaction


Off Market




 
 
 
 
 
 
 




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