Sylvania Platinum Limited Share Buyback Update (0961Q)

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RNS Number : 0961Q

Sylvania Platinum Limited

24 June 2022 _____________________________________________________________________________________________________________________________

24 June 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 23 June 2022 it acquired 625,166 Ordinary Shares, representing approximately 0.22% of the Company's issued share capital, at an average price of 87.96p per Ordinary Share.

Following the above transaction, the Company's issued share capital is 286,155,657 Ordinary Shares, of which a total of 19,229,545 Ordinary Shares are held in Treasury, including 5,795,599 Ordinary Shares pending cancellation. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 266,926,112 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 /       [e-mail] 
  Matthew Young 
 

CORPORATE INFORMATION

 
 Registered and postal    Sylvania Platinum Limited 
  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

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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June 24, 2022 02:05 ET (06:05 GMT)