Sylvania Platinum Limited Exercise of Vested Bonus Shares (7417D)

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
	1.00	1.54%	66.00	65.00	67.00	66.00	65.00	65.00	513,841	10:08:36

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Miscellaneous Metal Ores,nec	127.04M	45.35M	0.1720	3.84	173.98M

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RNS Number : 7417D

Sylvania Platinum Limited

30 October 2020 _____________________________________________________________________________________________________________________________

30 October 2020

Sylvania Platinum Limited

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

Exercise of vested bonus shares

Sylvania (AIM: SLP) today announces that certain Directors, senior management and employees have exercised a total of 2,365,000 bonus shares awarded to them in August 2017 under the Sylvania Platinum Limited Bonus Share Award Plan ("Bonus Shares") and which have now vested. The exercise of the Bonus Shares were satisfied by shares currently held in Treasury.

990,250 of the Bonus Shares were immediately repurchased by the Company at the vesting price of 55.8 pence, in order to satisfy the tax liabilities of certain employees. The repurchased shares are currently being held in Treasury.

A further 356,325 Ordinary Shares were repurchased by the Company at the 30-day VWAP of 63.9072 pence, being the price at the close of business on 28 October 2020. All Ordinary Shares purchased by the Company have been placed in Treasury.

Of the total 2,365,000 Bonus Shares being exercised the following relate to Directors and senior management of the Company:

 
  Director      Bonus                      Shares sold                     B onus       Total      % of share capital 
               shares                                                      shares       shares     (Shares with voting 
                being                                                     retained    held after         rights) 
              exercised                                                                 event 
                          Sales for    P rice       Other     Price per 
                           tax and    per share     share       share 
                           dealing                  sales 
                            costs 
                         ----------  ----------  ----------  ---------- 
 Jaco 
  Prinsloo    4 75,000    2 13,750      55.8p         -           -       2 61,250    1 ,221,144          0.45% 
             ----------  ----------  ----------  ----------  ----------  ----------  -----------  -------------------- 
 Lewanne 
  Carminati   4 40,000    1 98,000      55.8p         -           -       2 42,000    1 ,104,081          0.41% 
             ----------  ----------  ----------  ----------  ----------  ----------  -----------  -------------------- 
 
 
         PDMR              Bonus                  Shares sold                  B onus     Total    % of share capital 
                          shares                                               Shares    shares    (Shares with voting 
                           being                                              retained    held           rights) 
                         exercised                                                        after 
                                                                                          event 
                                      Sales     P rice    Other     Price 
                                     for tax      per     share      per 
                                       and       share    sales     share 
                                     dealing 
                                      costs 
                                    ---------  --------  -------  --------- 
 Albert Jordaan          4 30,000    1 93,500    55.8p    50,000   63.9072p   186,500    186,500          0.07% 
                        ----------  ---------  --------  -------  ---------  ---------  --------  --------------------

Following the above transaction, the Company's issued share capital amounts to 286,845,657 Ordinary Shares of which a total of 14,350,542 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 272,495,115 Ordinary Shares.

CONTACT DETAILS

 
 For further information, please 
  contact: 
 Jaco Prinsloo CEO 
  Lewanne Carminati CFO               +27 11 673 1171 
 
 Nominated Adviser and Broker 
 Liberum Capital Limited              +44 (0) 20 3100 2000 
 Richard Crawley / Scott Mathieson 
  / Ed Phillips 
 
 Communications 
 Alma PR Limited                      +44 (0) 20 3405 0208 
 Justine James / Helena Bogle /       sylvania@almapr.co.uk 
  Josh Royston

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

This announcement is released by Sylvania Platinum Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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 .

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