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24 Dec 2024 07:00
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24 December 2024
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Share Buyback
Sylvania (AIM: SLP), the platinum group metals ("PGM") producer and developer with assets in South Africa, announces that the Company has, on 23 December 2024, acquired 250,000 Ordinary Shares of $0.01 each in the Company ("Ordinary Shares") from the market at an average price of 41.20 pence per Ordinary Share, placed into Treasury pending cancellation.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the Company's issued share capital is 273,366,725 Ordinary Shares. Following the above purchase, a total of 11,952,395 Ordinary Shares, including 400,000 pending cancellation, are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 261,414,330 Ordinary Shares.
CONTACT DETAILS
For further information, please contact: | |
Jaco Prinsloo CEO Lewanne Carminati CFO | +27 11 673 1171 |
| |
Nominated Adviser and Broker | |
Panmure Liberum Limited | +44 (0) 20 3100 2000 |
Scott Mathieson / John More / Joshua Borlant Kieron Hodgson | |
Communications | |
BlytheRay Tim Blythe/ Megan Ray
| +44 (0) 20 7138 3204
|
CORPORATE INFORMATION
Registered and postal address: | Sylvania Platinum Limited |
| Clarendon House |
| 2 Church Street |
| Hamilton HM 11 |
| Bermuda
|
SA Operations postal address: | PO Box 976 |
| 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 ("PGMs") (platinum, palladium and rhodium) with operations located in South Africa. The Sylvania Dump Operations ("SDO") is comprised of six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex ("BIC"). The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. In FY2023, the Company entered into the Thaba Joint Venture ("Thaba JV") which comprises chrome beneficiation and PGM processing plants, and which will treat a combination of run of mine ("ROM") and historical chrome tailings from the JV partner, adding a full margin chromite concentrate revenue stream. The Group also holds mining rights for PGM projects in the Northern Limb of the BIC.
For more information visit https://www.sylvaniaplatinum.com/
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