Cancellation of Ordinary Shares

RNS Number : 0063F

Sylvania Platinum Limited

24 October 2018

 

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Sylvania Platinum Limited

 ("Sylvania" or "the Company")

 AIM (SLP)

Cancellation of Ordinary $0.01 Shares

24 October 2018

With reference to the Share Buyback Programme (the "Programme") which closed on 24 August 2018, wherein the Company purchased Ordinary $0.01 Shares ("Ordinary Shares") from small non-UK based shareholders at a price of A$0.1619 per Ordinary Share, the Company has now finalised all outstanding documentation and required indemnities and can confirm that a total of 2,407,481 Ordinary Shares have been purchased, representing 57.6% of the shares on offer under the Programme and 55.4% of shareholders the offer was made to.

As announced on 1 December 2017, a total of 1,515,224 Ordinary Shares bought back under the Programme were cancelled and the Company is pleased to announce that the remaining 892,257 Ordinary Shares, placed into treasury, have now been cancelled.  A further adjustment to shares held in treasury has also been made to correct a previous misallocation of 120,000 Ordinary Shares.

Following the above transactions, the Company's issued share capital is 290,241,404 Ordinary Shares, of which a total of 4,206,885 Ordinary Shares are held in treasury.  Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 286,034,519 Ordinary Shares.

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

CONTACT DETAILS

For further information, please contact:
Terence McConnachie (Chief Executive Officer)	[phone]
Nominated Advisor and Broker
Liberum Capital Limited	[phone]
Richard Crawley / Chris Britton
Communications
Alma PR Limited	[phone]
Josh Royston / Helena Bogle

 

END

 

 

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