Source - LSE Regulatory
RNS Number : 5700M
Sylvania Platinum Limited
24 May 2022
 

                             _________________________________________________________________________________________________________________________

 

24 May 2022

 

 

Sylvania Platinum Limited

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

 

 

Share Buyback Update

 

 

With reference to the proposed share buyback announced on 9 May 2022, the Company announces that on 23 May 2022 it acquired 60,317 Ordinary Shares, representing approximately 0.02% of the Company's issued share capital, at an average price of 89.30p per Ordinary Share.

 

Following the above transaction, the Company's issued share capital is 286,155,657 Ordinary Shares, of which a total of 15,544,211 Ordinary Shares are held in Treasury, including 2,110,265 Ordinary Shares pending cancellation. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 270,611,446 Ordinary Shares.

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse regulation (EU) no.596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

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.  

 

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 / Kane Collings




Communications


Alma PR Limited

+44 (0) 20 3405 0205

Justine James / Josh Royston / Matthew Young

sylvania@almapr.co.uk

  

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 (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. The Group also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex.

 

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

 

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