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RNS Number : 6703R

Sylvania Platinum Limited

01 July 2020 _____________________________________________________________________________________________________________________________

Sylvania Platinum Limited

("Sylvania" or "the Company")

AIM (SLP)

Share Buyback Update

1 July 2020

Sylvania Platinum Limited advises that as at 30 June 2020, it has acquired 172,884 Ordinary Shares for the period 1 June 2020 to 30 June 2020, representing approximately 0.06% of the Company's issued share capital, at Aus$0.9195 per Ordinary Share. This relates to the buyback of up to 1,650,339 ordinary shares of USD0.01 ("Ordinary Shares") from all certificated non-UK shareholders who hold 175,000 shares or fewer in the Company ("the Plan"), as advised in the Company's interim financial results on 17 February 2020. The shares will be placed into Treasury. To date, a total of 671,947 Ordinary Shares have been bought back under the Plan.

To date, a total of 19% of the shareholders holding 40.7% of the shares eligible under the terms of the Programme have taken up the offer. In order to afford the remaining shareholders a final opportunity to still accept the offer, the Company is extending further the closing date to 30 September 2020. This offer will not be extended beyond 30 September 2020. Full details of the Programme may be accessed via the Company's website at www.sylvaniaplatinum.com . No further extensions will be considered by the Company after this date.

Following the above-mentioned transaction, the Company's issued share capital amounts to 286,845,657 Ordinary Shares, of which a total of 14,993,315 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 271,852,342 Ordinary Shares.

This announcement is released by Sylvania Platinum Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), 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 Mr Jaco Prinsloo.

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: 
 Jaco Prinsloo CEO 
  Lewanne Carminati CFO             +27 11 673 1171 
 
 Nominated Adviser and Broker 
 Liberum Capital Limited            +44 (0) 20 3100 2000 
 Richard Crawley / Ed Phillips 
 
 Communications 
 Alma PR Limited                    +44 (0) 20 3405 0208 
 Justine James / Josh Royston / 
  Helena Bogle 
 

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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July 01, 2020 02:06 ET (06:06 GMT)

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