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
  -0.05 -0.13% 38.20 37.50 39.00 38.50 38.05 38.25 639,059 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 55.6 19.2 0.0 - 109

Sylvania Platinum Limited Share Purchase

30/09/2019 1:54pm

UK Regulatory (RNS & others)


Sylvania Platinum (LSE:SLP)
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2 Months : From Sep 2019 to Nov 2019

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RNS Number : 1853O

Sylvania Platinum Limited

30 September 2019 _____________________________________________________________________________________________________________________________

Sylvania Platinum Limited

("Sylvania" or "the Company")

AIM (SLP)

Share Buyback Update

30 September 2019

With reference to the Share Buyback Programme (the "Programme") announced on 23 September 2019, Sylvania announces that on 27 September 2019 it has acquired a total of 1,175,848 ordinary shares of USD0.01 each in the Company ('Ordinary Shares'), for transfer into Treasury, from employees of Sylvania's wholly owned South African subsidiaries. No Directors of the Company participated in the Programme.

Under the terms of the Programme and under the terms and authority of the Company's Bye Laws, the Company repurchased these Ordinary Shares at a price of 41.68 pence per Ordinary Share representing the 30-Day value weighted average price ("VWAP") as at the close of day on 20 September 2019.

Of the 1,175,848 Ordinary Shares repurchased, 780,844 were held by persons discharging managerial responsibilities ("PDMR") as defined in the Market Abuse Regulations ("MAR").

 
     PDMR        Price per    Shares sold   Shares retained   Total shares      % of share 
                    share                                      held after     capital (Shares 
                 (GBP pence)                                      event         with voting 
                                                                                  rights) 
-------------                              ----------------  -------------  ----------------- 
 J Prinsloo            41.68      411,382           959,894        959,894               0.34 
               -------------  -----------  ----------------  -------------  ----------------- 
 L Carminati           41.68      369,462           862,081        862,081               0.31 
               -------------  -----------  ----------------  -------------  ----------------- 
 

The Ordinary Shares acquired under the Programme will be used to fulfil the current shortfall in shares held in Treasury to cover the bonus share awards and options, which vest over the next five years.

Following the above transaction, the Company's issued share capital is 289,724,772 Ordinary Shares, of which a total of 8,385,483 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 281,339,289 Ordinary Shares.

This announcement is released by Sylvania Platinum Limited and contains inside information for the purposes of Article 7 of the MAR (EU) 596/2014, 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 Terence McConnachie.

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

CONTACT DETAILS

 
 For further information, please 
  contact: 
 Terence McConnachie (Chief Executive 
  Officer)                               +27 82 553 4256 
 
 Nominated Advisor and Broker 
 Liberum Capital Limited                 +44 (0) 20 3100 2000 
 Richard Crawley / Ed Phillips 
 
 Communications 
 Alma PR Limited                         +44 (0) 203 405 0205 
 Josh Royston / Helena Bogle 
 

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                                Jacobus Johannes Prinsloo 
     ----------------------------------  ------------------------------------ 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                     Managing Director: Sylvania Metals 
     ----------------------------------  ------------------------------------ 
 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                                 2138005DSKINAZ4OA492 
     ----------------------------------  ------------------------------------ 
 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 financial        Ordinary Shares of USD 0.01 each 
       instrument, type of instrument 
 
 
 
       Identification code                 BMG864081044 
     ----------------------------------  ------------------------------------ 
 b)   Nature of the transaction           Sale of shares 
     ----------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                Price(s)   Volume(s) 
                                             41.68      441, 382 
                                                       ---------- 
     ----------------------------------  ------------------------------------ 
 d)   Aggregated information              n/a Single Transaction 
 
        *    Aggregated volume 
 
 
 
        *    Price 
     ----------------------------------  ------------------------------------ 
 e)   Date of the transaction             27 September 2019 
     ----------------------------------  ------------------------------------ 
 f)   Place of the transaction            Off Market 
     ----------------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                 Lewanne 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                                  2138005DSKINAZ4OA492 
     -----------------------------------  ----------------------------------- 
 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 financial         Ordinary Shares of USD 0.01 each 
       instrument, type of instrument 
 
 
 
       Identification code                  BMG864081044 
     -----------------------------------  ----------------------------------- 
 b)   Nature of the transaction            Sale of shares 
     -----------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)                 Price(s)   Volume(s) 
                                              41.68      369,462 
                                                        ---------- 
     -----------------------------------  ----------------------------------- 
 d)   Aggregated information               n/a Single Transaction 
 
        *    Aggregated volume 
 
 
 
        *    Price 
     -----------------------------------  ----------------------------------- 
 e)   Date of the transaction              27 September 2019 
     -----------------------------------  ----------------------------------- 
 f)   Place of the transaction             Off Market 
     -----------------------------------  ----------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 30, 2019 08:54 ET (12:54 GMT)

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