Share Buyback Programme Update

RNS Number : 0372A

Sylvania Platinum Limited

21 December 2017

 

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Sylvania Platinum Limited

 ("Sylvania" or "the Company")

 AIM (SLP)

Extended Share Buyback Programme Update

21 December 2017

With reference to the Share Buyback Programme (the "Programme") announced on 21 August 2017 and the extension thereof announced on 1 November 2017, the Company announces that between 9 December  2017 and 15 December 2017, a total of 79,294 Ordinary $0.01 Shares ("Ordinary Shares") were purchased from non-UK based shareholders at a price of A$0.1619 per Ordinary Share.  This brings the total purchased during the course of the Programme to 1,908,645, Ordinary Shares.

To date, 39% of the shareholders eligible under the terms of the Programme have taken up the offer detailed in the announcements on 21 August 2017 and 1 November 2017.  In order to afford the remaining shareholders the opportunity to still accept the offer, the Company is extending further the closing date to 31 March 2018.  Full details of the Programme may be accessed via the Company's website at www.sylvaniaplatinum.com 

Ordinary Shares bought back in accordance with this Programme will be held in treasury to be cancelled.

Following the above transaction, the Company's issued share capital is 291,133,661 Ordinary Shares, of which a total of 4,488,640 Ordinary Shares are held in Treasury.  Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 286,645,021 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 Broker
Liberum Capital Limited	[phone]
Richard Crawley / Neil Elliot
Facilitator
Bennett & Co	[phone]
David Sanders / Heidi Gan
Communications
Alma PR Limited	[phone]
Josh Royston / Helena Bogle / Hilary Buchanan

 

END

 

 

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