Sylvania Platinum Limited Share Buyback Announcement (4134L)

TIDMSLP

RNS Number : 4134L

Sylvania Platinum Limited

13 May 2022 _________________________________________________________________________________________________________________________

13 May 2022

Sylvania Platinum Limited

("Sylvania", the "Company" or the "Group")

Share Buyback Update

With reference to the proposed share buyback announced on 9 May 2022, the Company announces that on 12 May 2022 it acquired 1,233,946 Ordinary Shares, representing approximately 0.43% of the Company's issued share capital, at an average price of 88.03p per Ordinary Share.

Following the above transaction, the Company's issued share capital is 286,155,657 Ordinary Shares, of which a total of 14,836,878 Ordinary Shares are held in Treasury, including 1,402,932 Ordinary Shares pending cancellation. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 271,318,779 Ordinary Shares.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse regulation (EU) no.596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019.

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 Jaco Prinsloo.

CONTACT DETAILS

 
 For further information, please 
  contact: 
 Jaco Prinsloo CEO 
  Lewanne Carminati CFO               +27 11 673 1171 
 
 Nominated Adviser and Broker 
 Liberum Capital Limited              +44 (0) 20 3100 2000 
 Richard Crawley / Scott Mathieson 
  / Kane Collings 
 
 Communications 
 Alma PR Limited                      +44 (0) 20 3405 0205 
 Justine James / Josh Royston /       sylvania@almapr.co.uk 
  Matthew Young

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 (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. The Group also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex.

For more information visit https://www.sylvaniaplatinum.com/

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END

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May 13, 2022 02:00 ET (06:00 GMT)

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