TIDMSLP

RNS Number : 7782T

Sylvania Platinum Limited

29 March 2021 _____________________________________________________________________________________________________________________________

29 March 2021

Sylvania Platinum Limited

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

Share Buyback

Sylvania (AIM: SLP) announces that the Group has today bought back 38,500 Ordinary Shares of $0.01 each ("Ordinary Shares") in the Company, from an employee. Ordinary Shares were purchased at the 30-day VWAP price of 120.78 pence per Ordinary Share and placed into Treasury.

Following the purchase of these shares, the Company's issued share capital is 286,155,657 Ordinary Shares, of which a total of 13,585,542 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 272,570,115.

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 
  / Ed Phillips 
 
 Communications 
 Alma PR Limited                      +44 (0) 20 3405 0208 
 Justine James / Helena Bogle /       sylvania@almapr.co.uk 
  Josh Royston 
  Faye Calow

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

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/

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.

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END

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March 29, 2021 02:37 ET (06:37 GMT)

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