Share Buyback Update

RNS Number : 3686I

Sylvania Platinum Limited

01 April 2020

 

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Sylvania Platinum Limited

 ("Sylvania" or "the Company")

 AIM (SLP)

Share Buyback Update

1 April 2020

Sylvania Platinum Limited advises that as at 31 March 2020, it has acquired 298,632 Ordinary Shares, representing approximately 0.1% of the Company's issued share capital, at Aus$0.9195 per Ordinary Share. This relates to the buyback of up to 1,650,339 ordinary shares of USD0.01 ("Ordinary Shares") from all certificated non-UK shareholders who hold 175,000 shares or fewer in the Company, as advised in the Company's interim financial results on 17 February 2020.  The shares will be placed into Treasury to be transferred to the employee share plan. 

Following the above-mentioned transaction, the Company's issued share capital amounts to 289,724,772 Ordinary Shares, of which a total of 12,284,115 Ordinary Shares are held in Treasury.  Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 277,440,657 Ordinary Shares.

This announcement is released by Sylvania Platinum Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Mr Jaco Prinsloo.

CORPORATE INFORMATION

Registered and postal address:	Sylvania Platinum Limited
	Clarendon House
	2 Church Street
	Hamilton HM 11;98
	Bermud7a
SA Operations postal address:	PO Box 976
	Florida Hills, 1716
	South Africa

Sylvania Website : www.sylvaniaplatinum.com

CONTACT DETAILS

For further information, please contact:
Jaco Prinsloo CEO Lewanne Carminati CFO	[phone]
Nominated Adviser and Broker
Liberum Capital Limited	[phone]
Richard Crawley / Ed Phillips
Communications
Alma PR Limited	[phone]
Josh Royston / Justine James / Helena Bogle

 

END

 

 

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