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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sylvania Platinum Limited | LSE:SLP | London | Ordinary Share | BMG864081044 | CMN SHS USD0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 65.00 | 64.00 | 66.00 | 65.00 | 64.75 | 65.00 | 285,292 | 08:00:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 127.04M | 45.35M | 0.1720 | 3.78 | 171.35M |
TIDMSLP
RNS Number : 1567W
Sylvania Platinum Limited
10 November 2017 _____________________________________________________________________________________________________________________________
Sylvania Platinum Limited
("Sylvania", "the Company" or "the Group")
AIM (SLP)
Exercise of Share Options and Bonus Shares
10 November 2017
The Company announces that certain Directors and senior management have exercised vested options awarded to them under the Sylvania Platinum Limited Share Option Plan ("the Option Plan") as well as the deferred share awards granted in accordance with the Sylvania Platinum Limited Bonus Share Award Plan ("Bonus Shares").
BACKGROUND
As previously disclosed in the Annual Report the Option Plan was approved at the Annual General Meeting on 29 December 2011.
The Options issued under the Plan were granted free of charge and the exercise price (if any) for the options determined by the Board at its absolute discretion. The expiry date of the options, unless otherwise determined by the Board, is ten years after the grant date. The Board at its discretion may apply certain vesting conditions upon any options issued under the plan.
Under the Plan, 10% of issued Share Capital was allowed to be issued as Options. The Company however disclosed that it did not intend to issue more than 5% of issued Share Capital. This was based on the number of Ordinary Shares in issue at the time of the AGM held on 29 December 2011. The full 5% has been granted and the Board does not intend to issue any further Options under the Plan.
Bonus Shares were awarded to selected employees in August 2015 and, in addition to other vesting conditions, held a 12 month vesting period.
RECENT EVENTS
Upon exercising the vested Options and Bonus Shares, these convert to 3,452,900 shares of USD0.01 each in the Company ("Ordinary Shares"), and shares currently held in treasury will be used to satisfy the exercise of the options.
A further 1,672,100 Options and Bonus Shares converting into the same number of Ordinary Shares were exercised and then simultaneously repurchased by the Company in order to satisfy the tax liabilities of certain employees. These Ordinary Shares are currently being held in treasury.
In addition to the Options and Bonus Shares above, 835,650 Options and Bonus Shares were exercised and the Company has repurchased these shares at the 30 Day VWAP of 10.85 pence. These shares have been placed in treasury.
Of the 5,125,000 Options and Bonus Shares being exercised, the following relate to Directors and senior management of the Company:
Director Bonus Plan Shares sold Plan Total % of shares shares shares shares share being being retained held capital exercised exercised after event ------------------- ------------ ----------- --------------------------- ---------- ---------- --------- Price Sales Other per for share share tax sales and dealing costs ------------------- ------------ ----------- ------- --------- ------- ---------- ---------- --------- Stuart Murray - 400,000 - - - 400,000 1,000,000 0.35% ------------------- ------------ ----------- ------- --------- ------- ---------- ---------- --------- Terry McConnachie - 200,000 - - - 200,000 5,015,000 1.75% ------------------- ------------ ----------- ------- --------- ------- ---------- ---------- --------- Roger Williams - 80,000 - - - 80,000 1,067,000 0.37% ------------------- ------------ ----------- ------- --------- ------- ---------- ---------- --------- PDMR Bonus Option Shares sold Shares Total % of shares Plan retained shares share being shares held capital exercised being after (Shares exercised event with voting rights) ----------------- ----------- ----------- ----------------------------------- ---------- ---------- --------- Price Sales Other per for tax share share(*) and dealing sales costs ---------------- ----------- ----------- ---------- ------------- -------- ---------- ---------- --------- Johannes Prinsloo 535,000 40,000 258,750 - 316,250 1,647,526 0.58% ----------------- ----------- ----------- ---------- ------------- -------- ---------- ---------- --------- Lewanne Carminati 500,000 40,000 243,000 - 297,000 1,488,543 0.52% ----------------- ----------- ----------- ---------- ------------- -------- ---------- ---------- --------- Albert Jordaan 480,000 40,000 234,000 286,000 - 516,632 0.18% ----------------- ----------- ----------- ---------- ------------- -------- ---------- ---------- --------- (*) The South African Income Tax is payable on the day the Options vest and therefore the price used to value the shares bought back for tax is the price on the day the Options vest.
Following the above transactions, the Company's issued share capital is 294,648,885 Ordinary Shares, of which a total of 8,518,777 Ordinary Shares are held in treasury. Therefore the total number of Ordinary Shares with voting rights in Sylvania is 286,130,108 Ordinary Shares.
CORPORATE INFORMATION
Registered and Sylvania Platinum Limited postal address: Clarendon House 2 Church Street Hamilton HM 11 Bermuda SA Operations postal PO Box 976 address: Florida Hills, 1716 South Africa
Sylvania Website: www.sylvaniaplatinum.com
CONTACT DETAILS
For further information, please contact: Terence McConnachie (Chief Executive Officer) +44 777 533 7175 Nominated Advisor and Broker Liberum Capital Limited +44 (0) 20 3100 2000 Richard Crawley / Neil Elliot Communications Alma PR Limited +44 (0) 77 8090 1979 Josh Royston / Helena Bogle / Hilary Buchanan
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 S Murray --- ------------------------------- -------------------------------------- 2 Reason for the notification --- ----------------------------------------------------------------------- a) Position/status Chairman --- ------------------------------- -------------------------------------- b) Initial notification/ Initial Notification Amendment --- ------------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------- a) Name Sylvania Platinum Limited --- ------------------------------- -------------------------------------- b) LEI Application in process --- ------------------------------- -------------------------------------- 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 Ordinary Shares of USD 0.01 each financial instrument, type of instrument BMG864081044 Identification code --- ------------------------------- -------------------------------------- b) Nature of the transaction Exercise of Options --- ------------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s)
---------- ---------- Nil 400,000 ---------- ---------- --- ------------------------------- -------------------------------------- d) Aggregated information n/a Single Transaction * Aggregated volume * Price --- ------------------------------- -------------------------------------- e) Date of the transaction 7 November 2017 --- ------------------------------- -------------------------------------- f) Place of the transaction Off market --- ------------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated --- ----------------------------------------------------------------------- a) Name T McConnachie --- ------------------------------- -------------------------------------- 2 Reason for the notification --- ----------------------------------------------------------------------- a) Position/status Chief Executive Officer --- ------------------------------- -------------------------------------- b) Initial notification/ Initial Notification Amendment --- ------------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------- a) Name Sylvania Platinum Limited --- ------------------------------- -------------------------------------- b) LEI Application in process --- ------------------------------- -------------------------------------- 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 Ordinary Shares of USD 0.01 each financial instrument, type of instrument BMG864081044 Identification code --- ------------------------------- -------------------------------------- b) Nature of the transaction Exercise of Options --- ------------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ---------- ---------- Nil 200,000 ---------- ---------- --- ------------------------------- -------------------------------------- d) Aggregated information n/a Single Transaction * Aggregated volume * Price --- ------------------------------- -------------------------------------- e) Date of the transaction 7 November 2017 --- ------------------------------- -------------------------------------- f) Place of the transaction Off market --- ------------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated --- ----------------------------------------------------------------------- a) Name R Williams --- ------------------------------- -------------------------------------- 2 Reason for the notification --- ----------------------------------------------------------------------- a) Position/status Non-Executive Director --- ------------------------------- -------------------------------------- b) Initial notification/ Initial Notification Amendment --- ------------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------- a) Name Sylvania Platinum Limited --- ------------------------------- -------------------------------------- b) LEI Application in process --- ------------------------------- -------------------------------------- 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 Ordinary Shares of USD 0.01 each financial instrument, type of instrument BMG864081044 Identification code --- ------------------------------- -------------------------------------- b) Nature of the transaction Exercise of Options --- ------------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ---------- ---------- Nil 80,000 ---------- ---------- --- ------------------------------- -------------------------------------- d) Aggregated information n/a Single Transaction * Aggregated volume * Price --- ------------------------------- -------------------------------------- e) Date of the transaction 7 November 2017 --- ------------------------------- -------------------------------------- f) Place of the transaction Off market --- ------------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated --- ----------------------------------------------------------------------- a) Name J Prinsloo --- ------------------------------- -------------------------------------- 2 Reason for the notification --- ----------------------------------------------------------------------- a) Position/status Managing Director --- ------------------------------- -------------------------------------- b) Initial notification/ Initial Notification Amendment --- ------------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------- a) Name Sylvania Platinum Limited --- ------------------------------- -------------------------------------- b) LEI Application in process --- ------------------------------- -------------------------------------- 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 Ordinary Shares of USD 0.01 each financial instrument, type of instrument BMG864081044 Identification code --- ------------------------------- -------------------------------------- b) Nature of the transaction Exercise of Options --- ------------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ---------- ---------- Nil 575,000 ---------- ---------- --- ------------------------------- -------------------------------------- d) Aggregated information n/a Single Transaction * Aggregated volume * Price --- ------------------------------- -------------------------------------- e) Date of the transaction 7 November 2017 --- ------------------------------- -------------------------------------- f) Place of the transaction Off Market --- ------------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated --- ----------------------------------------------------------------------- a) Name J Prinsloo --- ------------------------------- -------------------------------------- 2 Reason for the notification --- ----------------------------------------------------------------------- a) Position/status Managing Director --- ------------------------------- -------------------------------------- b) Initial notification/ Initial Notification Amendment --- ------------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------- a) Name Sylvania Platinum Limited --- ------------------------------- -------------------------------------- b) LEI Application in process
--- ------------------------------- -------------------------------------- 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 Ordinary Shares of USD 0.01 each financial instrument, type of instrument BMG864081044 Identification code --- ------------------------------- -------------------------------------- b) Nature of the transaction Sale of shares --- ------------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) --------- ---------- 10.85 258,750 --------- ---------- --- ------------------------------- -------------------------------------- d) Aggregated information n/a Single Transaction * Aggregated volume * Price --- ------------------------------- -------------------------------------- e) Date of the transaction 7 November 2017 --- ------------------------------- -------------------------------------- f) Place of the transaction Off Market --- ------------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated --- ----------------------------------------------------------------------- a) Name L Carminati --- ------------------------------- -------------------------------------- 2 Reason for the notification --- ----------------------------------------------------------------------- a) Position/status Executive Officer: Finance --- ------------------------------- -------------------------------------- b) Initial notification/ Initial Notification Amendment --- ------------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------- a) Name Sylvania Platinum Limited --- ------------------------------- -------------------------------------- b) LEI Application in process --- ------------------------------- -------------------------------------- 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 Ordinary Shares of USD 0.01 each financial instrument, type of instrument BMG864081044 Identification code --- ------------------------------- -------------------------------------- b) Nature of the transaction Exercise of Options --- ------------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ---------- ---------- Nil 540,000 ---------- ---------- --- ------------------------------- -------------------------------------- d) Aggregated information n/a Single Transaction * Aggregated volume * Price --- ------------------------------- -------------------------------------- e) Date of the transaction 07 November 2017 --- ------------------------------- -------------------------------------- f) Place of the transaction Off Market --- ------------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated --- ----------------------------------------------------------------------- a) Name L Carminati --- ------------------------------- -------------------------------------- 2 Reason for the notification --- ----------------------------------------------------------------------- a) Position/status Executive Officer: Finance --- ------------------------------- -------------------------------------- b) Initial notification/ Initial Notification Amendment --- ------------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------- a) Name Sylvania Platinum Limited --- ------------------------------- -------------------------------------- b) LEI Application in process --- ------------------------------- -------------------------------------- 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 Ordinary Shares of USD 0.01 each financial instrument, type of instrument BMG864081044 Identification code --- ------------------------------- -------------------------------------- b) Nature of the transaction Sale of shares --- ------------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) --------- ---------- 10.85 243,000 --------- ---------- --- ------------------------------- -------------------------------------- d) Aggregated information n/a Single Transaction * Aggregated volume * Price --- ------------------------------- -------------------------------------- e) Date of the transaction 07 November 2017 --- ------------------------------- -------------------------------------- f) Place of the transaction Off Market --- ------------------------------- -------------------------------------- 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/ Initial Notification Amendment --- ------------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------- a) Name Sylvania Platinum Limited --- ------------------------------- -------------------------------------- b) LEI Application in progress --- ------------------------------- -------------------------------------- 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 Ordinary Shares of USD 0.01 each financial instrument, type of instrument BMG864081044 Identification code --- ------------------------------- -------------------------------------- b) Nature of the transaction Exercise of Options --- ------------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ---------- ---------- Nil 520,000 ---------- ---------- --- ------------------------------- -------------------------------------- d) Aggregated information n/a Single Transaction * Aggregated volume * Price --- ------------------------------- -------------------------------------- e) Date of the transaction 7 November 2017 --- ------------------------------- -------------------------------------- f) Place of the transaction Off Market --- ------------------------------- -------------------------------------- 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/ Initial Notification Amendment --- ------------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ----------------------------------------------------------------------- a) Name Sylvania Platinum Limited --- ------------------------------- -------------------------------------- b) LEI Application in process --- ------------------------------- -------------------------------------- 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 Ordinary Shares of USD 0.01 each financial instrument, type of instrument BMG864081044 Identification code --- ------------------------------- -------------------------------------- b) Nature of the transaction Sale of shares --- ------------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) --------- ---------- 10.85 520,000 --------- ---------- --- ------------------------------- -------------------------------------- d) Aggregated information n/a Single Transaction * Aggregated volume * Price --- ------------------------------- -------------------------------------- e) Date of the transaction 07 November 2017 --- ------------------------------- -------------------------------------- f) Place of the transaction Off Market --- ------------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
POSEAPFEFSAXFEF
(END) Dow Jones Newswires
November 10, 2017 03:54 ET (08:54 GMT)
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