Sylvania Platinum Limited
("Sylvania", "the Company" or "the Group")
AIM (SLP)
Exercise of share options and bonus shares
29 February 2016
The Company announces that certain Directors and senior management have exercised vested options awarded to them under the Sylvania Platinum Limited Option Plan and bonus shares awarded in August 2014. Upon exercise, the options and bonus shares convert to 4,873,441 shares of USD0.01 each in the Company ("Ordinary Shares"), and shares currently held in treasury will be used to satisfy the exercise of the options and bonus shares. In addition to the 4,873,441 options and bonus shares being exercised, a further 1,664,885 options and bonus shares converting into the same number of Ordinary Shares were exercised and then simultaneously repurchased by the Company in order to satisfy the tax liabilities of certain employees. These Ordinary Shares are currently being held in treasury.
Of the 4,873,441 options and bonus shares being exercised, the following relate to Directors of the Company:
Name |
Opening balance of Ordinary Shares held |
Bonus shares* |
Exercise of share options |
Total number of Ordinary Shares held after exercise |
S Murray |
- |
- |
200,000 |
200,000 |
T McConnachie |
2,565,000 |
1,150,000 |
900,000 |
4,615,000 |
R Williams |
667,000 |
- |
240,000 |
907,000 |
* Bonus shares awarded in August 2014 and vested in August 2015.
Following this transaction, the Company's issued share capital is 297,981,896 Ordinary Shares, of which a total of 4,242,143 Ordinary Shares are held in treasury. Therefore the total number of Ordinary Shares with voting rights in Sylvania is 293,739,753 Ordinary Shares.
CORPORATE INFORMATION
Registered office: |
Sylvania Platinum Limited |
|
Clarendon House |
|
2 Church Street |
|
Hamilton HM 11 |
|
Bermuda |
|
|
Postal address: |
PO Box 976 |
|
Florida Hills, 1716 |
|
South Africa |
|
|
|
|
Sylvania Website: www.sylvaniaplatinum.com
CONTACT DETAILS
For further information, please contact: |
|
Terence McConnachie (Chief Executive Officer) |
+44 777 533 7175 |
|
|
Nominated Advisor and Broker |
|
Liberum Capital Limited |
+44 (0) 20 3100 2000 |
Richard Crawley / Tom Fyson |
|
|
|
Communications |
|
Newgate |
+44 (0) 20 7653 9850 |
Adam Lloyd / Ed Treadwell / Helena Bogle |
|
