REG - Sylvania Platinum - Share Purchase
RNS Number : 7782TSylvania Platinum Limited29 March 2021
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29 March 2021
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Share Buyback
Sylvania (AIM: SLP) announces that the Group has today bought back 38,500 Ordinary Shares of $0.01 each ("Ordinary Shares") in the Company, from an employee. Ordinary Shares were purchased at the 30-day VWAP price of 120.78 pence per Ordinary Share and placed into Treasury.
Following the purchase of these shares, the Company's issued share capital is 286,155,657 Ordinary Shares, of which a total of 13,585,542 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 272,570,115.
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.
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