Sylvania Platinum Limited Share Buyback Update (3686I)

TIDMSLP

RNS Number : 3686I

Sylvania Platinum Limited

01 April 2020 _____________________________________________________________________________________________________________________________

Sylvania Platinum Limited

("Sylvania" or "the Company")

AIM (SLP)

Share Buyback Update

1 April 2020

Sylvania Platinum Limited advises that as at 31 March 2020, it has acquired 298,632 Ordinary Shares, representing approximately 0.1% of the Company's issued share capital, at Aus$0.9195 per Ordinary Share. This relates to the buyback of up to 1,650,339 ordinary shares of USD0.01 ("Ordinary Shares") from all certificated non-UK shareholders who hold 175,000 shares or fewer in the Company, as advised in the Company's interim financial results on 17 February 2020. The shares will be placed into Treasury to be transferred to the employee share plan.

Following the above-mentioned transaction, the Company's issued share capital amounts to 289,724,772 Ordinary Shares, of which a total of 12,284,115 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 277,440,657 Ordinary Shares.

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 Mr Jaco Prinsloo.

CORPORATE INFORMATION

 
 Registered and postal   Sylvania Platinum Limited 
  address: 
                         Clarendon House 
                         2 Church Street 
                         Hamilton HM 11;98 
                         Bermud7a 
 
 SA Operations postal    PO Box 976 
  address: 
                         Florida Hills, 1716 
                         South Africa 
 
 

Sylvania Website : www.sylvaniaplatinum.com

CONTACT DETAILS

 
 For further information, please 
  contact: 
 Jaco Prinsloo CEO 
  Lewanne Carminati CFO             [phone] 
 
 Nominated Adviser and Broker 
 Liberum Capital Limited            [phone] 
 Richard Crawley / Ed Phillips 
 
 Communications 
 Alma PR Limited                    [phone] 
 Josh Royston / Justine James / 
  Helena Bogle 
 

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END

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April 01, 2020 02:00 ET (06:00 GMT)