_____________________________________________________________________________________________________________________________
30 September 2021
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 2,385,000 deferred share awards ("Bonus Shares") granted to them in August 2018 under the Sylvania Platinum Limited Bonus Share Award Plan, which have now vested. The exercise of the Bonus Shares was satisfied by shares currently held in Treasury.
1,066,850 of the Bonus Shares were immediately repurchased by the Company at the vesting price of 97.0 pence, in order to satisfy the tax liabilities of the PDMRs and employees. The repurchased shares are currently being held in Treasury.
A further 724,080 Ordinary Shares were repurchased by the Company at the 30-day VWAP of 91.7 pence, calculated at the close of business on 29 September 2021. All Ordinary Shares purchased by the Company have been placed in Treasury.
Of the total 2,385,000 Bonus Shares being exercised the following relate to Directors and senior management of the Company:
| Director | Bonus shares being exercised | Shares sold | Bonus shares retained | Total shares held after event | % of share capital (Shares with voting rights) | |||
| Sales for tax and dealing costs | Price per share | Other share sales | Price per share | |||||
| Jaco Prinsloo | 275,000 | 123,750 | 97.0p | - | - | 151,250 | 1,372,394 | 0.50% |
| Lewanne Carminati | 255,000 | 114,750 | 97.0p | - | - | 140,250 | 1,244,331 | 0.46% |
| PDMR | Bonus shares being exercised | Shares sold | Bonus Shares retained | Total shares held after event | % of share capital (Shares with voting rights) | |||||
| Sales for tax and dealing costs | Price per share | Other share sales | Price per share | |||||||
| Albert Jordaan | 165,000 | 74,250 | 97.0p | 70,000 | 91.7p | 20,750 | 207,250 | 0.08% | ||
Following the above transaction, the Company's issued share capital amounts to 286,155,657 Ordinary Shares of which a total of 13,087,722 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 273,067,935 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 / Josh Royston | sylvania@almapr.co.uk |
CORPORATE INFORMATION
| Registered and postal address: | Sylvania Platinum Limited |
|
| Clarendon House |
|
| 2 Church Street |
|
| Hamilton HM 11 |
|
| Bermuda |
|
|
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|
SA Operations postal address: |
PO Box 976 |
|
| Florida Hills, 1716 |
|
| South Africa |
|
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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.
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
| Chief Executive Officer | ||||
| b) | Initial notification/ Amendment
| Initial Notification | ||||
| 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 instrument, type of instrument
Identification code
| Ordinary Shares of USD 0.01 each
BMG864081044 | ||||
| b) | Nature of the transaction
| Exercise of Share Awards | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
| n/a Single Transaction
| ||||
| e) | Date of the transaction
| 28 September 2021 | ||||
| f) | Place of the transaction
| Off Market | ||||
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
| Chief Executive Officer | ||||
| b) | Initial notification/ Amendment
| Initial Notification | ||||
| 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 instrument, type of instrument
Identification code
| Ordinary Shares of USD 0.01 each
BMG864081044 | ||||
| b) | Nature of the transaction
| Sale of exercised Share Awards to satisfy the tax liability | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
| n/a Single Transaction
| ||||
| e) | Date of the transaction
| 28 September 2021 | ||||
| f) | Place of the transaction
| Off Market | ||||
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
| Lewanne Carminati | ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| Chief Financial Officer | ||||
| b) | Initial notification/ Amendment
| Initial Notification | ||||
| 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 instrument, type of instrument
Identification code
| Ordinary Shares of USD 0.01 each
BMG864081044 | ||||
| b) | Nature of the transaction
| Exercise of Share Awards | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
| n/a Single Transaction
| ||||
| e) | Date of the transaction
| 28 September 2021 | ||||
| f) | Place of the transaction
| Off Market | ||||
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
| Lewanne Carminati | ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| Chief Financial Officer | ||||
| b) | Initial notification/ Amendment
| Initial Notification | ||||
| 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 instrument, type of instrument
Identification code
| Ordinary Shares of USD 0.01 each
BMG864081044 | ||||
| b) | Nature of the transaction
| Sale of exercised Share Awards to satisfy the tax liability | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
| n/a Single Transaction
| ||||
| e) | Date of the transaction
| 28 September 2021 | ||||
| f) | Place of the transaction
| Off Market | ||||
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
| Albertus Jacobus Johannes Jordaan | ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| Executive Officer: New Business | ||||
| b) | Initial notification/ Amendment
| Initial Notification | ||||
| 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 instrument, type of instrument
Identification code
| Ordinary Shares of USD 0.01 each
BMG864081044 | ||||
| b) | Nature of the transaction
| Exercise of Bonus Shares | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
| n/a Single Transaction
| ||||
| e) | Date of the transaction
| 28 September 2021 | ||||
| f) | Place of the transaction
| Off Market | ||||
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
| Albertus Jacobus Johannes Jordaan | ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| Executive Officer: New Business | ||||
| b) | Initial notification/ Amendment
| Initial Notification | ||||
| 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 instrument, type of instrument
Identification code
| Ordinary Shares of USD 0.01 each
BMG864081044 | ||||
| b) | Nature of the transaction
| Sale of exercised Share Awards to satisfy the tax liability | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
| n/a Single Transaction
| ||||
| e) | Date of the transaction
| 28 September 2021 | ||||
| f) | Place of the transaction
| Off Market | ||||
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
| Albertus Jacobus Johannes Jordaan | ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| Executive Officer: New Business | ||||
| b) | Initial notification/ Amendment
| Initial Notification | ||||
| 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 instrument, type of instrument
Identification code
| Ordinary Shares of USD 0.01 each
BMG864081044 | ||||
| b) | Nature of the transaction
| Sale of exercised Bonus Shares | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
| n/a Single Transaction
| ||||
| e) | Date of the transaction
| 28 September 2021 | ||||
| f) | Place of the transaction
| Off Market | ||||
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