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Exercise of Vested Bonus Shares

In brief · summary, not quotable

Directors and employees exercised 692,000 vested bonus shares; company repurchased 665,447 shares for treasury.

  • Total bonus shares exercised 692,000
  • Shares repurchased for tax and dealing costs 256,050 (prior 77.60p per share)
  • Additional shares repurchased 409,397 (prior 78.49p per share)
  • Total shares held in treasury 11,578,948
  • Ordinary shares with voting rights 260,082,777
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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:

DirectorBonus shares being exercisedShares soldB onus s hares retainedTotal shares held after event% of share capital (Shares with voting rights)
Sales for tax and dealing costsP rice per shareOther share salesPrice per share
Jaco Prinsloo64,00028,80077.60p--35,2001,605,5940.62%
Lewanne Carminati48,00021,60077.60p--26,4001,448,3810.56%
PDMRBonus shares being exercisedShares soldB onus Shares retainedTotal shares held after event% of share capital (Shares with voting rights)
Sales for tax and dealing costsP rice per shareOther share salesPrice per share
Albert Jordaan46,00020,70077.60p172,80078.49p-218,1250.08%
Ronel Bosman14,000-77.60p--14,00022,0060.01%
Alpheus Mothiba26,00011,70077.60p--14,30014,3000.01%

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.

1Details of the person discharging managerial responsibilities/person closely associated
a)NameJacobus Johannes Prinsloo
2Reason for the notification
a)Position/statusChief Executive Officer
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionExercise of Share Awards
c)Price(s) and volume(s)
PriceVolume
77.60p64,000
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market
1Details of the person discharging managerial responsibilities/person closely associated
a)NameJacobus Johannes Prinsloo
2Reason for the notification
a)Position/statusChief Executive Officer
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionSale of exercised Share Awards to satisfy the tax liability
c)Price(s) and volume(s)
PriceVolume
77.60p28,800
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market
1Details of the person discharging managerial responsibilities/person closely associated
a)NameLewanne Carminati
2Reason for the notification
a)Position/statusChief Financial Officer
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionExercise of Share Awards
c)Price(s) and volume(s)
PriceVolume
77.60p48,000
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market
1Details of the person discharging managerial responsibilities/person closely associated
a)NameLewanne Carminati
2Reason for the notification
a)Position/statusChief Financial Officer
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionSale of exercised Share Awards to satisfy the tax liability
c)Price(s) and volume(s)
PriceVolume
77.60p26,400
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market
1Details of the person discharging managerial responsibilities/person closely associated
a)NameAlbertus Jacobus Johannes Jordaan
2Reason for the notification
a)Position/statusExecutive Officer: New Business
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionExercise of Share Awards
c)Price(s) and volume(s)
PriceVolume
77.60p46,000
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market
1Details of the person discharging managerial responsibilities/person closely associated
a)NameAlbertus Jacobus Johannes Jordaan
2Reason for the notification
a)Position/statusExecutive Officer: New Business
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionSale of exercised Share Awards to satisfy the tax liability
c)Price(s) and volume(s)
PriceVolume
77.60p20,700
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market
1Details of the person discharging managerial responsibilities/person closely associated
a)NameAlbertus Jacobus Johannes Jordaan
2Reason for the notification
a)Position/statusExecutive Officer: New Business
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionSale of Share Awards
c)Price(s) and volume(s)
PriceVolume
78.49p172,800
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market
1Details of the person discharging managerial responsibilities/person closely associated
a)NameRonel Bosman
2Reason for the notification
a)Position/statusExecutive Officer: Finance
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionExercise of Share Awards
c)Price(s) and volume(s)
PriceVolume
77.60p14,000
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market
1Details of the person discharging managerial responsibilities/person closely associated
a)NameAlpheus Mothiba
2Reason for the notification
a)Position/statusExecutive Officer: Human Resources
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionExercise of Share Awards
c)Price(s) and volume(s)
PriceVolume
77.60p26,000
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market
1Details of the person discharging managerial responsibilities/person closely associated
a)NameAlpheus Mothiba
2Reason for the notification
a)Position/statusExecutive Officer: Human Resources
b)Initial notification/ AmendmentInitial Notification
a)NameSylvania Platinum Limited
b)LEI2138005DSKINAZ4OA492
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of USD 0.01 each BMG864081044
b)Nature of the transactionSale of exercised Share Awards to satisfy the tax liability
c)Price(s) and volume(s)
PriceVolume
77.60p11,700
d)Aggregated information - Aggregated volume - Pricen/a Single Transaction
e)Date of the transaction29 September 2025
f)Place of the transactionOff Market

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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