Exercise of share options

RNS Number : 0228J

Sylvania Platinum Limited

31 March 2015

 



Sylvania Platinum Limited

("Sylvania", "the Company" or "the Group")

 AIM (SLP)

Exercise of share options

31 March 2015

The Company announces that certain Directors and senior management have today exercised vested options awarded to them under the Sylvania Platinum Limited Option Plan. Upon exercise, the options convert into 5,740,000 ordinary shares of USD0.10 each in the Company ("Ordinary Shares"), and it is intended that shares currently held in treasury will be used to satisfy the exercise of the options.

Of the 5,740,000 options being exercised, the following relate to Directors of the Company:   

Name	Opening balance of Ordinary Shares held	Bonus shares	Share options exercising	Total number of Ordinary Shares held after exercise
T McConnachie	500,000	865,000	1,200,000	2,565,000
R Williams	367,000	-	300,000	667,000
G Button	500,000	-	600,000	1,100,000

Following this transaction, the Company's issued share capital is 297,981,896 Ordinary Shares, of which a total of 1,606,610 Ordinary Shares are held in treasury. Therefore the total number of Ordinary Shares with voting rights in Sylvania is 296,375,286 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)

[phone]

Nominated Advisor and Joint Broker

Liberum Capital Limited

Richard Crawley/Tom Fyson

[phone]

Joint Broker

GMP Securities Europe LLP

Richard Greenfield/ Alexandra Carse

[phone]

Communications

Newgate

Tim Thompson / Adam Lloyd / Ed Treadwell / Helena Bogle

[phone]

 

END

 

 

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