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27
March 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 26 March 2024, acquired
286,000 Ordinary Shares of $0.01 each in the Company ("Ordinary
Shares"), placed into Treasury pending cancellation.
Of the shares purchased on 26 March
2024, 120,000 were purchased from the market at an average price of
58 pence per ordinary share. The remaining 166,000 were purchased
from employees at the 30-day VWAP price of 54.95 pence per Ordinary
Share, calculated at the close of business on 25 March
2024.
For the purposes of the Financial
Conduct Authority's Disclosure and Transparency Rules, the Company's issued share
capital is 275,375,725 Ordinary Shares. Following the above purchase, a total
of 13,494,211 Ordinary Shares, including 1,729,000 pending cancellation, are
held in Treasury. Therefore, the total number of Ordinary Shares
with voting rights in Sylvania is 261,881,514 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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Liberum Capital Limited
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+44 (0) 20 3100 2000
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Richard Crawley / Scott Mathieson /
John More
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Communications
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BlytheRay
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+44 (0) 20 7138 3205
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Tim Blythe / Megan Ray
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sylvania@BlytheRay.com
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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 (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. Additionally, the Thaba JV comprises chrome
beneficiation and PGM processing plants, 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 Bushveld Complex.
For more information visit
https://www.sylvaniaplatinum.com/
