Share Purchase

RNS Number : 3988L

Sylvania Platinum Limited

24 December 2018

 

                             _____________________________________________________________________________________________________________________________

Sylvania Platinum Limited

 ("Sylvania", "the Company")

 AIM (SLP)

Share Purchase

24 December 2018

The Company hereby announces that, on 21 December 2018, the Board agreed to buy back 516,632 ordinary shares of USD0.01 each in the Company ("Ordinary Shares") held by a person discharging managerial responsibilities ("PDMR") as defined in the Market Abuse Regulations.  The Ordinary Shares were purchased at 16.00 pence per Ordinary Share and will be cancelled immediately.

PDMR	Bonus shares being exercised	Option Plan shares being exercised	Shares sold			Shares retained	Total shares held after event	% of share capital (Shares with voting rights)
			Price per share	Sales for tax and dealing costs	Other share sales
A Jordaan	-	-	16.00	-	516,632	-	-	-

Following this transaction, the Company's issued share capital will be 289,724,772 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 285,517,887 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 / Chris Britton
Communications
Alma PR Limited	[phone]
Josh Royston / Helena Bogle

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	A Jordaan
2	Reason for the notification
a)	Position/status	Executive Officer: New Business
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Sylvania Platinum Limited
b)	LEI	2138005DSKINAZ4OA492
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of USD 0.01 each BMG864081044
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 16.00 516,632
d)	Aggregated information -      Aggregated volume -      Price	n/a Single Transaction
e)	Date of the transaction	21 December 2018
f)	Place of the transaction	Off Market

 

END

 

 

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