Sylvania Platinum Limited Share Purchase (1853O)
September 30 2019 - 8:54AM
UK Regulatory
TIDMSLP
RNS Number : 1853O
Sylvania Platinum Limited
30 September 2019
_____________________________________________________________________________________________________________________________
Sylvania Platinum Limited
("Sylvania" or "the Company")
AIM (SLP)
Share Buyback Update
30 September 2019
With reference to the Share Buyback Programme (the "Programme")
announced on 23 September 2019, Sylvania announces that on 27
September 2019 it has acquired a total of 1,175,848 ordinary shares
of USD0.01 each in the Company ('Ordinary Shares'), for transfer
into Treasury, from employees of Sylvania's wholly owned South
African subsidiaries. No Directors of the Company participated in
the Programme.
Under the terms of the Programme and under the terms and
authority of the Company's Bye Laws, the Company repurchased these
Ordinary Shares at a price of 41.68 pence per Ordinary Share
representing the 30-Day value weighted average price ("VWAP") as at
the close of day on 20 September 2019.
Of the 1,175,848 Ordinary Shares repurchased, 780,844 were held
by persons discharging managerial responsibilities ("PDMR") as
defined in the Market Abuse Regulations ("MAR").
PDMR Price per Shares sold Shares retained Total shares % of share
share held after capital (Shares
(GBP pence) event with voting
rights)
------------- ---------------- ------------- -----------------
J Prinsloo 41.68 411,382 959,894 959,894 0.34
------------- ----------- ---------------- ------------- -----------------
L Carminati 41.68 369,462 862,081 862,081 0.31
------------- ----------- ---------------- ------------- -----------------
The Ordinary Shares acquired under the Programme will be used to
fulfil the current shortfall in shares held in Treasury to cover
the bonus share awards and options, which vest over the next five
years.
Following the above transaction, the Company's issued share
capital is 289,724,772 Ordinary Shares, of which a total of
8,385,483 Ordinary Shares are held in Treasury. Therefore, the
total number of Ordinary Shares with voting rights in Sylvania is
281,339,289 Ordinary Shares.
This announcement is released by Sylvania Platinum Limited and
contains inside information for the purposes of Article 7 of the
MAR (EU) 596/2014, 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 Terence McConnachie.
CORPORATE INFORMATION
Registered and postal Sylvania Platinum Limited
address:
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
SA Operations postal PO Box 976
address:
Florida Hills, 1716
South Africa
Sylvania Website: www.sylvaniaplatinum.com
CONTACT DETAILS
For further information, please
contact:
Terence McConnachie (Chief Executive
Officer) +27 82 553 4256
Nominated Advisor and Broker
Liberum Capital Limited +44 (0) 20 3100 2000
Richard Crawley / Ed Phillips
Communications
Alma PR Limited +44 (0) 203 405 0205
Josh Royston / Helena Bogle
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 Managing Director: Sylvania Metals
---------------------------------- ------------------------------------
b) Initial notification/ Initial Notification
Amendment
---------------------------------- ------------------------------------
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 Ordinary Shares of USD 0.01 each
instrument, type of instrument
Identification code BMG864081044
---------------------------------- ------------------------------------
b) Nature of the transaction Sale of shares
---------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
41.68 441, 382
----------
---------------------------------- ------------------------------------
d) Aggregated information n/a Single Transaction
* Aggregated volume
* Price
---------------------------------- ------------------------------------
e) Date of the transaction 27 September 2019
---------------------------------- ------------------------------------
f) Place of the transaction Off Market
---------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Lewanne Carminati
----------------------------------- -----------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Executive Officer: Finance
----------------------------------- -----------------------------------
b) Initial notification/ Initial Notification
Amendment
----------------------------------- -----------------------------------
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 Ordinary Shares of USD 0.01 each
instrument, type of instrument
Identification code BMG864081044
----------------------------------- -----------------------------------
b) Nature of the transaction Sale of shares
----------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
41.68 369,462
----------
----------------------------------- -----------------------------------
d) Aggregated information n/a Single Transaction
* Aggregated volume
* Price
----------------------------------- -----------------------------------
e) Date of the transaction 27 September 2019
----------------------------------- -----------------------------------
f) Place of the transaction Off Market
----------------------------------- -----------------------------------
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 or visit www.rns.com.
END
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