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Last checked at 
30 Aug 2013 07:00
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Sylvania Platinum Limited
Β ("Sylvania" or "the Company")
Β AIM (SLP)
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GRANT OF OPTIONS
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The Company announces that, on 29 August 2013, it granted 1,600,000 options over ordinary shares of $0.10 each in the Company under the Sylvania Platinum Option Plan (the "Plan"). This is in line with the Company's retention strategy and, following this transaction, a total of 14,600,000 options have been allocated under the Plan.
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Details of the options allocated in this tranche to directors of the Company, including their total respective option holdings following the transaction, are as follows:
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Options Granted | Total options held following grant | |
Terry McConnachie | 500,000 | 2,500,000 |
Roger Williams | 200,000 | 700,000 |
Grant Button | 100,000 | 1,100,000 |
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The balance of 800,000 options were awarded to senior and operational management.
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Pursuant to the terms of the Plan, the options granted have a nil exercise price and an expiry date of 29 August 2023. Exercise of the options is subject to time-based vesting, with 20% of the options vesting on 29 August 2015, a further 40% of the options vesting on 29 August 2016 and the remaining 40% vesting on 29 August 2017 (subject to the participant's continued employment).
Ends
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CORPORATE INFORMATION
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Registered office: Sylvania Platinum Limited
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Postal address: PO Box 976
Florida Hills, 1716
South Africa
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Sylvania Website: www.sylvaniaplatinum.com
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CONTACT DETAILS
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For further information, please contact:
Terence McConnachie (Chief Executive Officer)
+44 777 533 7175
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Nominated Advisor and Broker
Liberum Capital Limited
Michael Rawlinson/Tom Fyson/Christopher Kololian
+44 (0) 20 3100 2000
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Communications
Newgate Threadneedle
Graham Herring
+44 (0) 20 7653 9850
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