Buyback Under Employee Share Award Scheme
Company repurchased 276,692 shares from employees at 115.33 pence per share under bonus award scheme.
- Shares repurchased 276,692
- Price per share 115.33p
- Shares held in Treasury 11,802,534
- Voting shares outstanding 259,859,191
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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:
| 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.
| a) | PDMR or PCA Submission | Submission for PCA to a PDMR | ||||
| b) | Legal Person | Jordaan Familie Trust | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Family Trust of Executive Officer: New Business | ||||
| b) | Initial notification/ Amendment | Initial Notification | ||||
| a) | Name | Sylvania Platinum Limited | ||||
| b) | LEI | 2138005DSKINAZ4OA492 | ||||
| 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 Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a Single Transaction | ||||
| e) | Date of the transaction | 3 March 2026 | ||||
| f) | Place of the transaction | Off Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.