_____________________________________________________________________________________________________________________________
30 September 2025
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Exercise of Vested Bonus Shares
Sylvania (AIM: SLP), the platinum group metals ("PGM"), chrome producer and developer with assets in South Africa, today announces that certain Directors, senior management and employees have, following the vesting of deferred share awards granted to them in August 2022 under the Sylvania Platinum Limited Bonus Share Award Plan (the "Plan"), exercised their rights over a total of 692,000 Ordinary Shares in the capital of the Company. This has been satisfied by issuing Ordinary Shares held in Treasury.
256,050 of the Ordinary Shares were immediately repurchased by the Company at the vesting price of 77.60 pence, in order to satisfy the tax liabilities of the PDMRs and employees.
The Plan rules allow for employees to request the Company to buy back shares in addition to the tax portion twice a year at the 30-Day VWAP. A further 409,397 Ordinary Shares have been repurchased by the Company at the 30-day VWAP of 78.49 pence, calculated at the close of business on 26 September 2025.
All of the 665,447 Ordinary Shares repurchased by the Company are being held in Treasury.
Of the total 692,000 Bonus Shares being exercised, the following relate to Directors and senior management of the Company who are deemed to be Company PDMRs:
|
Director |
Bonus shares being exercised |
Shares sold |
Bonus shares retained |
Total shares held after event |
% of share capital (Shares with voting rights) |
|||
|
Sales for tax and dealing costs |
Price per share |
Other share sales |
Price per share |
|||||
|
Jaco Prinsloo |
64,000 |
28,800 |
77.60p |
- |
- |
35,200 |
1,605,594 |
0.62% |
|
Lewanne Carminati |
48,000 |
21,600 |
77.60p |
- |
- |
26,400 |
1,448,381 |
0.56% |
|
PDMR |
Bonus shares being exercised |
Shares sold |
Bonus Shares retained |
Total shares held after event |
% of share capital (Shares with voting rights) |
|||||
|
Sales for tax and dealing costs |
Price per share |
Other share sales |
Price per share |
|||||||
|
Albert Jordaan |
46,000 |
20,700 |
77.60p |
172,800 |
78.49p |
- |
218,125 |
0.08% |
||
|
Ronel Bosman |
14,000 |
- |
77.60p |
- |
- |
14,000 |
22,006 |
0.01% |
||
|
Alpheus Mothiba |
26,000 |
11,700 |
77.60p |
- |
- |
14,300 |
14,300 |
0.01% |
||
|
|
||||||||||
Following the above transactions, the Company's issued share capital amounts to 271,661,725 Ordinary Shares of which a total of 11,578,948 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 260,082,777 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 / Gaya Bhatt |
|
|
Joint Broker |
|
|
Joh. Berenberg, Gossler & Co KG, London |
+44 (0) 20 3207 7800 |
|
Jennifer Lee |
|
|
Communications |
|
|
BlytheRay |
+44 (0) 20 7138 3204 |
|
Tim Blythe / Megan Ray |
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) and chrome 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 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/
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Jacobus Johannes Prinsloo |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Executive Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Exercise of Share Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Jacobus Johannes Prinsloo |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Executive Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Sale of exercised Share Awards to satisfy the tax liability |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Lewanne Carminati |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Financial Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Exercise of Share Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Lewanne Carminati |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Financial Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Sale of exercised Share Awards to satisfy the tax liability |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Albertus Jacobus Johannes Jordaan |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Executive Officer: New Business |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Exercise of Share Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Albertus Jacobus Johannes Jordaan |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Executive Officer: New Business |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Sale of exercised Share Awards to satisfy the tax liability |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Albertus Jacobus Johannes Jordaan |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Executive Officer: New Business |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Sale of Share Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Ronel Bosman |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Executive Officer: Finance |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Exercise of Share Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Alpheus Mothiba |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Executive Officer: Human Resources |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Exercise of Share Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Alpheus Mothiba |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Executive Officer: Human Resources |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sylvania Platinum Limited |
||||
|
b) |
LEI |
2138005DSKINAZ4OA492 |
||||
|
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 |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of USD 0.01 each BMG864081044 |
||||
|
b) |
Nature of the transaction |
Sale of exercised Share Awards to satisfy the tax liability |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a Single Transaction |
||||
|
e) |
Date of the transaction |
29 September 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
||||