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23
December 2024
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 20 December 2024, acquired
150,000 Ordinary Shares of $0.01 each in the Company ("Ordinary
Shares") from the market at an average price of 40.3 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 11,702,395 Ordinary Shares, including 150,000 pending cancellation, are held
in Treasury. Therefore, the total number of Ordinary Shares with
voting rights in Sylvania is 261,664,330 Ordinary
Shares.
CONTACT DETAILS
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For further information, please
contact:
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Jaco Prinsloo CEO
Lewanne Carminati CFO
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+27 11 673 1171
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Nominated Adviser and
Broker
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Panmure Liberum Limited
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+44 (0) 20 3100 2000
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Scott Mathieson / John More / Joshua
Borlant
Kieron Hodgson
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Communications
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BlytheRay
Tim Blythe/ Megan Ray
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+44 (0) 20 7138 3204
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CORPORATE INFORMATION
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Registered and postal address:
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Sylvania Platinum Limited
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Clarendon House
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2 Church Street
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Hamilton HM 11
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Bermuda
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SA
Operations postal address:
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PO Box 976
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Florida Hills, 1716
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South Africa
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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/