Daily Share Buy Back Notice

RNS Number : 8809I

Sylvania Platinum Limited

22 June 2011

 



Sylvania Platinum Limited

("Sylvania Platinum" or the "Company")

(ASX: SLP, AIM: SLP)

Daily Share Buy-Back Notice

As announced on 20 June 2011, Sylvania Platinum has implemented an on-market share buy-back of up to 10% of the Company's issued capital (Buy-Back).  On 21 June 2011, Sylvania Platinum bought back:

·    200,000 depositary interests (DIs) representing beneficial interests in common shares in Sylvania Platinum (Shares) on AIM at a price of 37.5p each for a total consideration of $114,975.

The above DIs bought back by Sylvania Platinum (and the Shares represented by these DIs) will be cancelled.  Following the cancellation, the Company will have 301,761,805 remaining Shares on issue.

Since the announcement of the Buy-Back, Sylvania Platinum has bought back a total of 200,000 DIs.  Sylvania Platinum intends to purchase up to a total maximum of 30,196,181 Shares under the Buy-Back subject to prevailing market conditions.

The attached Appendix 3E has today been submitted to the ASX.

For a copy of the Appendix 3E, please click on the following web link:

http://www.rns-pdf.londonstockexchange.com/rns/8809I_-2011-6-22.pdf 

For further information visit www.sylvaniaplatinum.com or please contact: 

In South Africa Terence McConnachie (CEO) Sylvania Platinum Limited [phone]

In Australia Richard Rossiter (Chairman) Sylvania Platinum Limited [phone] Grant Button (Director/Joint Company Secretary) Sylvania Platinum Limited [phone]

In United Kingdom Anthony Rowland/Ben Wright Ambrian Partners Limited [phone] Laurence Read/Beth Harris Threadneedle Communications [phone] Louis Carroll (FD/Joint Company Secretary) Sylvania Platinum Limited [phone]

 

END

 

 

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