16 Aug 2012 07:01

Sylvania Platinum Limited
("Sylvania Platinum", "Sylvania" or the "Company")
(AIM: SLP)
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Completion of Disposal of Iron Ore Assets
and
Update on Dividend in Specie
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Further to the announcement of 27 July 2012, Sylvania is pleased to announce that the disposal of the Bushveld Iron Ore asset to Mercury has completed and Admission of the enlarged Mercury Group, now re-named Ironveld plc, has taken place.
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Also, Sylvania will today make a distribution of the Consideration Shares received on completion. The Dividend in Specie will be made on the basis that for every Sylvania Platinum ordinary share held, a Sylvania Platinum shareholder shall be entitled to 0.675 of an ordinary share in Mercury. Further details of the Dividend in Specie are contained in the Company's announcement of 27 July 2012.
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Capitalised terms used but not defined in this announcement have the same meaning as given to them in the announcement of 27 July 2012.
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ENDS
CORPORATE INFORMATION
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Registered office: Sylvania Platinum Limited
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Postal address: PO Box 524
Wembley WA 6913
Australia
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Sylvania Website: www.sylvaniaplatinum.com
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CONTACT DETAILS
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South Africa: Terry McConnachie Nigel Trevarthen
(CEO) (Deputy CEO)
Sylvania Platinum Limited Sylvania Platinum Limited
+27 (11) 673 1171 +27 (11) 673 1171
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Louis Carroll
(Director/Assistant Company Secretary)
Sylvania Platinum
+44 (0) 7969 170 622
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Australia: Richard Rossiter Grant Button
(Chairman) (Director/Assistant Company Secretary)
Sylvania Platinum Limited Sylvania Platinum Limited
+61 (8) 9226 4777 +61 (8) 9226 4777
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United Kingdom: Samantha Harrison Martin Eales/James Kelly
RFC Ambrian Limited RBC Capital Markets
Nominated Advisor Joint Broker
+44 (0) 20 3440 6800 +44 (0) 20 7653 4000
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Graham Herring/Beth Harris
Newgate Threadneedle
+44 (0) 20 7653 9850
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