Share Buyback Update

RNS Number : 8995M

Sylvania Platinum Limited

26 May 2022

 

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26 May 2022

Sylvania Platinum Limited

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

Share Buyback Update

With reference to the proposed share buyback announced on 9 May 2022, the Company announces that on 25 May 2022 it acquired 153,676 Ordinary Shares, representing approximately 0.05% of the Company's issued share capital, at an average price of 88.78p per Ordinary Share.

Following the above transaction, the Company's issued share capital is 286,155,657 Ordinary Shares, of which a total of 15,784,412 Ordinary Shares are held in Treasury, including 2,350,466 Ordinary Shares pending cancellation. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 270,371,245 Ordinary Shares.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse regulation (EU) no.596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019.

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 Jaco Prinsloo.

CONTACT DETAILS

For further information, please contact:
Jaco Prinsloo CEO Lewanne Carminati CFO	[phone]
Nominated Adviser and Broker
Liberum Capital Limited	[phone]
Richard Crawley / Scott Mathieson / Kane Collings
Communications
Alma PR Limited	[phone]
Justine James / Josh Royston / Matthew Young	[e-mail]

CORPORATE INFORMATION

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

Sylvania Website : www.sylvaniaplatinum.com

About Sylvania Platinum Limited

Sylvania Platinum is a lower-cost producer of platinum group metals (PGM) (platinum, palladium and rhodium) with operations located in South Africa. The Sylvania Dump Operations (SDO) comprises six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex. The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. The Group also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex.

For more information visit https://www.sylvaniaplatinum.com/

 

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