_____________________________________________________________________________________________________________________________
27
September 2024
Sylvania Platinum
Limited
("Sylvania", the
"Company" or the "Group")
Exercise of Vested Bonus
Shares
Sylvania (AIM: SLP), the
platinum group metals ("PGM") producer and developer with assets in
South Africa, today announces that certain
Directors, senior management and employees have, following the
vesting of deferred share awards granted to
them in August 2021 under the Sylvania Platinum
Limited Bonus Share Award Plan ("the Plan"), exercised their rights over a total of 455,358 Ordinary Shares
in the capital of the Company. This has been satisfied by issuing
Ordinary Shares held in Treasury.
153,168 of the Ordinary Shares were
immediately repurchased by the Company at the vesting price of
50.00 pence, in
order to satisfy the tax liabilities of the PDMRs and
employees.
The Plan rules allow for employees
to request the Company to buy back shares in addition to the tax
portion twice a year at the 30-Day VWAP. A further 89,374 Ordinary
Shares have been repurchased by the Company at the 30-day VWAP of
46.75 pence, calculated at the close of business on 25 September
2024.
All of the 242,542 Ordinary Shares
repurchased by the Company are being held in Treasury.
Of the total 455,358 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
|
55,000
|
24,750
|
50.0p
|
-
|
-
|
30,250
|
1,570,354
|
0.60%
|
|
Lewanne Carminati
|
43,000
|
19,350
|
50.0p
|
-
|
-
|
23,650
|
1,421,981
|
0.54%
|
|
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
|
31,625
|
-
|
50.0p
|
-
|
-
|
31,625
|
365,625
|
0.14%
|
|
Robbie van der Schyff
|
27,652
|
12,443
|
50.0p
|
-
|
-
|
15,209
|
48,209
|
0.02%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Following the above transaction, the
Company's issued share capital amounts to 273,366,725 Ordinary
Shares of which a total of 11,552,395 Ordinary Shares are held in
Treasury. Therefore, the total number of Ordinary Shares with
voting rights in Sylvania 261,814,330 Ordinary
Shares.
CONTACT DETAILS
|
For
further information, please contact:
|
|
|
Jaco Prinsloo CEO
Lewanne Carminati CFO
|
+27 11 673 1171
|
|
|
|
|
Nominated Adviser and Broker
|
|
|
Panmure Liberum Limited
|
+44 (0) 20 3100 2000
|
|
Scott Mathieson / John More / Joshua
Borlant
|
|
|
Communications
|
|
|
BlytheRay
|
+44 (0) 20 7138 3204
|
|
Tim Blythe / Megan Ray
|
sylvania@BlytheRay.com
|
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/
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)
|
|
Price(s)
|
Volume(s)
|
|
50.0p
|
55,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a Single Transaction
|
|
e)
|
Date of the transaction
|
26 September 2024
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
50.0p
|
24,750
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a Single Transaction
|
|
e)
|
Date of the transaction
|
26 September 2024
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
50.0p
|
43,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a Single Transaction
|
|
e)
|
Date of the transaction
|
26 September 2024
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
50.0p
|
19,350
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a Single Transaction
|
|
e)
|
Date of the transaction
|
26 September 2024
|
|
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 Share
Awards
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
50.0p
|
31,625
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a Single Transaction
|
|
e)
|
Date of the transaction
|
26 September 2024
|
|
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
|
Robert John van der Schyff
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Executive Officer:
Operations
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
50.0p
|
27,652
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a Single Transaction
|
|
e)
|
Date of the transaction
|
26 September 2024
|
|
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
|
Robert John van der Schyff
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Executive Officer:
Operations
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
50.0p
|
12,443
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a Single Transaction
|
|
e)
|
Date of the transaction
|
26 September 2024
|
|
f)
|
Place of the transaction
|
Off Market
|