4 March 2026
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Buyback Under Employee Share Award Scheme
Sylvania (AIM: SLP), the platinum group metals ("PGM"), and emerging Chrome producer and developer with assets in South Africa, announces that the Company has, on 3 March 2026, acquired 276,692 Ordinary Shares of $0.01 each in the Company ("Ordinary Shares") from its employees.
The Ordinary Shares were granted to eligible employees over the tenure of their employment with the Company under the Sylvania Platinum Limited Bonus Share Award Plan (the "Plan"). The Plan rules allow for employees to request the Company to buy back shares twice a year at the 30-Day Volume-Weighted Average Price ("VWAP").
The Ordinary Shares were purchased at the 30-day VWAP price of 115.33 pence per Ordinary Share, calculated at the close of business on 2 March 2026 and placed into Treasury to be utilised to satisfy future awards under the Company's incentive schemes.
Of the total Ordinary Shares being repurchased, 218,125 relate to a Person Closely Associated ("PCA") to a Person Displaying Management Responsibility ("PDMR") of the Company, as follows:
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PDMR |
Shares Beneficially Interested in |
Shares sold |
Price per share |
Total shares Beneficially Interested in after event |
% of share capital (Shares with voting rights) |
|
Albert Jordaan |
218,125 |
218,125 |
115.33p |
0 |
0.00% |
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the Company's issued share capital is 271,661,725 Ordinary Shares. Following the above transaction, a total of 11,802,534 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 259,859,191 Ordinary Shares.
CONTACT DETAILS
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For further information, please contact: |
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Jaco Prinsloo CEO Ronel Bosman CFO |
+27 11 673 1171 |
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Nominated Adviser and Joint Broker |
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Panmure Liberum Limited |
+44 (0) 20 3100 2000 |
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Scott Mathieson / John More / Gaya Bhatt |
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Joint Broker |
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Joh. Berenberg, Gossler & Co KG, London |
+44 (0) 20 3207 7800 |
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Jennifer Lee / Ivan Briechle |
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Communications BlytheRay Megan Ray / Rachael Brooks |
+44 (0) 20 7138 3204 |
CORPORATE INFORMATION
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Registered and postal address: |
Sylvania Platinum Limited |
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Clarendon House |
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2 Church Street |
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Hamilton HM 11 |
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Bermuda |
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SA Operations postal address: |
PO Box 976 |
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Florida Hills, 1716 |
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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) and emerging Chrome producer and developer 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 is treating a combination of run of mine ("ROM") and historical Chrome tailings from the JV partner, adding a full margin Chrome concentrate revenue stream. The Group also holds mining rights for PGM projects in the Northern Limb of the BIC.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
PDMR or PCA Submission |
Submission for PCA to a PDMR |
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b) |
Legal Person |
Jordaan Familie Trust |
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2 |
Reason for the notification |
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a) |
Position/status |
Family Trust of Executive Officer: New Business |
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b) |
Initial notification/ Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Sylvania Platinum Limited |
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b) |
LEI |
2138005DSKINAZ4OA492 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
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b) |
Nature of the transaction |
Sale of Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
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e) |
Date of the transaction |
3 March 2026 |
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f) |
Place of the transaction |
Off Market |
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