Sylvania Platinum Limited Share Buyback Update

RNS Number : 1885R

Sylvania Platinum Limited

24 December 2024

 

                                                                                                                                     

 

 

 

 

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24 December 2024

 

 

Sylvania Platinum Limited

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

 

 

Share Buyback

 

 

Sylvania (AIM: SLP), the platinum group metals ("PGM") producer and developer with assets in South Africa, announces that the Company has, on 23 December 2024, acquired 250,000 Ordinary Shares of $0.01 each in the Company ("Ordinary Shares") from the market at an average price of 41.20 pence per Ordinary Share, placed into Treasury pending cancellation.

 

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the Company's issued share capital is 273,366,725 Ordinary Shares. Following the above purchase, a total of 11,952,395 Ordinary Shares, including 400,000 pending cancellation, are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 261,414,330 Ordinary Shares.

 

 

CONTACT DETAILS

 

For further information, please contact:
Jaco Prinsloo CEO Lewanne Carminati CFO	[phone]
Nominated Adviser and Broker
Panmure Liberum Limited	[phone]
Scott Mathieson / John More / Joshua Borlant Kieron Hodgson
Communications
BlytheRay Tim Blythe/ Megan Ray	[phone]

CORPORATE INFORMATION

 

Registered and postal address:	Sylvania Platinum Limited
	Clarendon House
	2 Church Street
	Hamilton HM 11
	Bermuda
SA Operations postal address:	PO Box 976
	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 ("PGMs") (platinum, palladium and rhodium) with operations located in South Africa. The Sylvania Dump Operations ("SDO") is comprised of six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex ("BIC"). The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. In FY2023, the Company entered into the Thaba Joint Venture ("Thaba JV") which comprises chrome beneficiation and PGM processing plants, and which will treat a combination of run of mine ("ROM") and historical chrome tailings from the JV partner, adding a full margin chromite concentrate revenue stream. The Group also holds mining rights for PGM projects in the Northern Limb of the BIC.

 

 

For more information visit https://www.sylvaniaplatinum.com/

 

 

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END

 

 

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