Exercise of share options and bonus shares

RNS Number : 3887Q
Sylvania Platinum Limited
29 February 2016
 

 

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


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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