Exercise of vested bonus shares

About this update from Sylvania Platinum Ltd.

                                       _____________________________________________________________________________________________________________________________   17 November 2023     Sylvania Platinum Limited  ("Sylvania", the "Company" or the "Group")     Exercise of Vested Bonus Shares     Sylvania (AIM: SLP) today announces that on 16 November 2023 certain Directors, senior management and employees have, following the vesting of deferred share awards granted to them in August 2020 under the Sylvania Platinum Limited Bonus Share Award Plan ("the Plan") , exercised their rights over a total of 1,235,000 Ordinary Shares in the capital of the Company. This has been satisfied by issuing Ordinary Shares held in Treasury.   448,150 of the Ordinary Shares were immediately repurchased by the Company at the vesting price of 70.0 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 236,600 Ordinary Shares have been repurchased by the Company at the 30-day VWAP of 76.5 pence, calculated at the close of business on 15 November 2023.      All of the 684,750 Ordinary Shares repurchased by the Company are being held in Treasury.   Of the total 1,235,000 Bonus Shares being exercised, the following relate to Directors and senior management of the Company:   Director Bonus shares being exercised Shares sold B onus s hares retained Total shares held after event % of share capital (Shares with voting rights) Sales for tax and dealing costs P rice per share Other share sales Price per share Jaco Prinsloo 140,000 63,000 70.0p - - 77,000 1,540,144 0.59% Lewanne Carminati 130,000 58,500 70.0p - - 71,500 1,398,336 0.53%   PDMR Bonus shares being exercised Shares sold B onus Shares retained Total shares held after event % of share capital (Shares with voting rights) Sales for tax and dealing costs P rice per share Other share sales Price per share Albert Jordaan 95,000 20,000 70.0p - - 75,000 334,000 0.13% Robbie van der Schyff 60,000 27,000 70.0p - - 33,000 33,000 0.01%   Following the above transaction, the Company's issued share capital amounts to 275,375,725 Ordinary Shares of which a total of 13,000,211 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania 262,375,514 Ordinary Shares.         CONTACT DETAILS   For further information, please contact:   Jaco Prinsloo CEO Lewanne Carminati CFO +27 11 673 1171   Nominated Adviser and Broker Liberum Capital Limited +44 (0) 20 3100 2000 Richard Crawley / Scott Mathieson / Kane Collings   Communications BlytheRay +44 (0) 20 7138 3205 Tim Blythe / Megan Ray [email protected]     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 (PGM) (platinum, palladium, and rhodium) with operations located in South Africa. The Sylvania Dump Operations (SDO) comprises six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex. The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. Additionally, the Thaba JV comprises chrome beneficiation and PGM processing plants, treating a combination of 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 Bushveld Complex.     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)     Price(s) Volume(s) 70.0p 140,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   16 November 2023 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)     Price(s) Volume(s) 70.0p 63,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   16 November 2023 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)     Price(s) Volume(s) 70.0p 130,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   16 November 2023 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)     Price(s) Volume(s) 70.0p 58,500       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   16 November 2023 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 Bonus Shares  c) Price(s) and volume(s)     Price(s) Volume(s) 70.0p 95,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   16 November 2023 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)     Price(s) Volume(s) 70.0p 20,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   16 November 2023 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   Robert John van der Schyff 2 Reason for the notification   a) Position/status   Executive Officer: Operations 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 Bonus Shares  c) Price(s) and volume(s)     Price(s) Volume(s) 70.0p 60,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   16 November 2023 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   Robert John van der Schyff 2 Reason for the notification   a) Position/status   Executive Officer: Operations 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 Bonus Shares c) Price(s) and volume(s)     Price(s) Volume(s) 70.0p 27,000       d) Aggregated information   -      Aggregated volume   -      Price   n/a Single Transaction       e) Date of the transaction   16 November 2023 f) Place of the transaction   Off Market  

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