REG - Sylvania Platinum - Share Buyback Update

Sylvania PlatinumAnnouncement

16/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250116:nRSP5771Ta&default-theme=true

RNS Number : 5771T  Sylvania Platinum Limited  16 January 2025

 
_____________________________________________________________________________________________________________________________

 

16 January 2025

 

 

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 15 January
2025, acquired 25,000 Ordinary Shares of $0.01 each in the Company ("Ordinary
Shares") from the market at an average price of 42.00 pence per Ordinary
Share, placed into Treasury pending cancellation.

 

For the purposes of the Financial Conduct Authority's Disclosure and
Transparency Rules, the Company's issued share capital is 273,366,725
Ordinary Shares. Following the above purchase, a total of 13,257,395 Ordinary
Shares, including 1,705,000 pending cancellation, are held in Treasury.
Therefore, the total number of Ordinary Shares with voting rights in Sylvania
is 260,109,330 Ordinary Shares.

 

 

CONTACT DETAILS

 

 For further information, please contact:
 Jaco Prinsloo CEO                             +27 11 673 1171

 Lewanne Carminati CFO

 Nominated Adviser and Broker
 Panmure Liberum Limited                       +44 (0) 20 3100 2000
 Scott Mathieson / John More / Joshua Borlant

 Kieron Hodgson

 Communications
 BlytheRay                                     +44 (0) 20 7138 3204

 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

 

Sylvania Website: www.sylvaniaplatinum.com (http://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/
(https://www.sylvaniaplatinum.com/)

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSFZGMMKVKGKZG