Business
Exercise of vested Bonus Shares
Exercise of vested Bonus Shares.
About this update from Sylvania Platinum Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 5218N\n Sylvania Platinum Limited\n 30 September 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n _____________________________________________________________________________________________________________________________\n \n \n \n \n \n 30 September 2021\n \n \n \n \n \n \n \n \n Sylvania Platinum Limited \n \n \n (\"Sylvania\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n Exercise of vested bonus shares\n \n \n \n \n \n \n \n \n \n Sylvania (AIM: SLP) \n \n today announces that certain Directors, senior management and employees have exercised \n a total of 2,385,000 deferred share awards (\"Bonus Shares\") granted to them in August 2018 under the Sylvania Platinum Limited Bonus Share Award Plan, which have now vested. The exercise of the Bonus Shares was satisfied by shares currently held in Treasury.\n \n \n \n \n \n 1,066,850 of the Bonus Shares were immediately repurchased by the Company at the vesting price of \n 97.0 \n pence, in order to satisfy the tax liabilities of the PDMRs and employees. The repurchased shares are currently being held in Treasury.\n \n \n \n \n \n A further 724,080 Ordinary Shares were repurchased by the Company at the 30-day VWAP of 91.7 pence, calculated at the close of business on 29 September 2021. All Ordinary Shares purchased by the Company have been placed in Treasury.\n \n \n \n \n \n Of the total 2,385,000 Bonus Shares being exercised the following relate to Directors and senior management of the Company:\n \n \n \n \n \n \n \n \n \n Director\n \n \n \n \n Bonus shares being exercised\n \n \n \n \n Shares sold\n \n \n \n \n B\n onus shares retained\n \n \n \n \n Total shares held after event\n \n \n \n \n % of share capital (Shares with voting rights)\n \n \n \n \n \n \n Sales for tax and dealing costs\n \n \n \n \n P\n rice per share\n \n \n \n \n Other share sales\n \n \n \n \n Price per share\n \n \n \n \n \n \n Jaco Prinsloo\n \n \n \n \n 275,000\n \n \n \n \n 123,750\n \n \n \n \n 97.0p\n \n \n \n \n -\n \n \n \n \n -\n \n \n \n \n 151,250\n \n \n \n \n 1\n ,372,394\n \n \n \n \n 0.50%\n \n \n \n \n \n \n Lewanne Carminati\n \n \n \n \n 255,000\n \n \n \n \n 114,750\n \n \n \n \n 97.0p\n \...