RNS Number : 8166T
Sylvania Platinum Limited
17 November 2023
 

 

Description: C:\Users\Ian\Desktop\SYLVANIA PLATINUM\Sylvania Platinum logo.jpg

 

 

 

 

                             _____________________________________________________________________________________________________________________________

 

17 November 2023

 

 

Sylvania Platinum Limited

 ("Sylvania", the "Company" or the "Group")

 

 

Exercise of Vested Bonus Shares

 

 

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.

 

70.0 pence, in order to satisfy the tax liabilities of the PDMRs and employees.

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

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

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

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

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%

 















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

sylvania@BlytheRay.com

 

 

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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