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27 March 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 26 March 2024, acquired 286,000 Ordinary Shares of $0.01 each in the Company ("Ordinary Shares"), placed into Treasury pending cancellation.
Of the shares purchased on 26 March 2024, 120,000 were purchased from the market at an average price of 58 pence per ordinary share. The remaining 166,000 were purchased from employees at the 30-day VWAP price of 54.95 pence per Ordinary Share, calculated at the close of business on 25 March 2024.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the Company's issued share capital is 275,375,725 Ordinary Shares. Following the above purchase, a total of 13,494,211 Ordinary Shares, including 1,729,000 pending cancellation, are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 261,881,514 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 / John More | |
|
Communications | |
| BlytheRay | +44 (0) 20 7138 3205 |
| Tim Blythe / Megan Ray |
|
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 |
|
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|
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. Additionally, the Thaba JV comprises chrome beneficiation and PGM processing plants, 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 Bushveld Complex.
For more information visit https://www.sylvaniaplatinum.com/
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