Sylvania Platinum Limited Share Buyback Update (6703R)
01 Luglio 2020 - 08:06AM
UK Regulatory
TIDMSLP
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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