REG - Sylvania Platinum - Notice of Transaction by PDMR
RNS Number : 0863USylvania Platinum Limited31 March 2021
_____________________________________________________________________________________________________________________________
31 March 2021
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Notification of transactions by persons discharging managerial responsibilities and persons closely associated
Sylvania (AIM: SLP) announces that it was notified on 30 March 2021 of the following transactions by Eileen Carr, Non-Executive Director:
· The sale of 17,500 ordinary shares of $0.01 each in the Company ("Ordinary Shares") at 115.5 pence per Ordinary Share; and
· the subsequent purchase of 17,500 Ordinary Shares for her Self-Invested Pension Plan ("SIPP) at 115.5 pence per Ordinary Share.
Following these two transactions, her shareholding in the Company remains unchanged at 50,000 Ordinary Shares, representing 0.02% of the total number of Ordinary Shares with voting rights.
CONTACT DETAILS
For further information, please contact:
Jaco Prinsloo CEO
Lewanne Carminati CFO
+27 11 673 1171
Nominated Adviser and Broker
Liberum Capital Limited
+44 (0) 20 3100 2000
Richard Crawley / Scott Mathieson / Ed Phillips
Communications
Alma PR Limited
+44 (0) 20 3405 0208
Justine James / Helena Bogle / Josh Royston
Faye Calow
sylvania@almapr.co.uk
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 (PGM) (platinum, palladium and rhodium) with operations located in South Africa. The Sylvania Dump Operations (SDO) comprises six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex. The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. The Group also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex.
For more information visit https://www.sylvaniaplatinum.com/
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse regulation (EU) no.596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019.
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 Jaco Prinsloo.
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
Eileen Carr
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
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)
115.5p
17,500
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
30 March 2021
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Eileen Carr (SIPP)
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
Identification code
Ordinary Shares of USD 0.01 each
BMG864081044
b)
Nature of the transaction
Purchase of Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
115.5p
17,500
d)
Aggregated information
- Aggregated volume
- Price
n/a Single Transaction
e)
Date of the transaction
30 March 2021
f)
Place of the transaction
London Stock Exchange
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