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On 12 May 2022, Sylvania Platinum Limited acquired 1,233,946 Ordinary Shares at an average price of 88.03p per share, representing approximately 0.43% of its issued share capital. Following this transaction, the company's issued share capital is 286,155,657 Ordinary Shares, with 14,836,878 shares held in Treasury (including 1,402,932 pending cancellation), resulting in 271,318,779 Ordinary Shares with voting rights.
| Date | 13 May 2022 |
| Time | 07:00:01 |
| Category | Capital structure |
| ID | 4134L |
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13 May 2022
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Share Buyback Update
With reference to the proposed share buyback announced on 9 May 2022, the Company announces that on 12 May 2022 it acquired 1,233,946 Ordinary Shares, representing approximately 0.43% of the Company's issued share capital, at an average price of 88.03p per Ordinary Share.
Following the above transaction, the Company's issued share capital is 286,155,657 Ordinary Shares, of which a total of 14,836,878 Ordinary Shares are held in Treasury, including 1,402,932 Ordinary Shares pending cancellation. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 271,318,779 Ordinary Shares.
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.
CONTACT DETAILS
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For further information, please contact: |
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Jaco Prinsloo CEO Lewanne Carminati CFO |
+27 11 673 1171 |
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Nominated Adviser and Broker |
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Liberum Capital Limited |
+44 (0) 20 3100 2000 |
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Richard Crawley / Scott Mathieson / Kane Collings |
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Communications |
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Alma PR Limited |
+44 (0) 20 3405 0205 |
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Justine James / Josh Royston / Matthew Young |
CORPORATE INFORMATION
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Registered and postal address: |
Sylvania Platinum Limited |
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Clarendon House |
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2 Church Street |
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Hamilton HM 11 |
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Bermuda |
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SA Operations postal address: |
PO Box 976 |
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Florida Hills, 1716 |
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South Africa |
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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/