Exercise of Vested Bonus Shares
Sylvania Platinum Limited announced that certain Directors, senior management, and employees exercised their rights over 893,000 Ordinary Shares following the vesting of deferred share awards. Of these, 289,260 shares were repurchased at 90.00 pence to cover tax liabilities, and an additional 417,131 shares were repurchased at a 30-day VWAP of 91.61 pence. The company now holds 13,085,925 shares in treasury, leaving 258,575,800 ordinary shares with voting rights.
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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 2023 under the Sylvania Platinum Limited Bonus Share Award Plan (the "Plan") or other as approved, exercised their rights over a total of 893,000 Ordinary Shares in the capital of the Company (the "Bonus Shares"). This has been satisfied by issuing Ordinary Shares held in Treasury.
289,260 of the Ordinary Shares were immediately repurchased by the Company at the vesting price of 90.00 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 417,131 Ordinary Shares have been repurchased by the Company at the 30-day VWAP of 91.61 pence, calculated at the close of business on 25 September 2026.
All of the 706,391 Ordinary Shares repurchased by the Company are being held in Treasury.
Of the total 893,000 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 | 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 | 204,000 | 91,800 | 90.00p | - | - | 112,200 | 1,162,794 | 0.43% |
| 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 | 44,000 | - | 90.00 | - | - | 44,000 | 44,000 | 0.02% |
| Ronel Bosman | 14,000 | 6,300 | 90.00 | - | - | 7,700 | 29,706 | 0.01% |
| Alpheus Mothiba | 25,000 | 11,250 | 90.00 | - | - | 13,750 | 28,050 | 0.01% |
Following the above transactions, the Company's issued share capital amounts to 271,661,725 Ordinary Shares of which a total of 13,085,925 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 258,575,800 Ordinary Shares.
| 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 | ||||
| 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 | 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 | 30 September 2026 | ||||
| f) | Place of the transaction | Off Market | ||||
| 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 | ||||
| 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 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 | 30 September 2026 | ||||
| f) | Place of the transaction | Off Market | ||||
| 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 | ||||
| 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 | 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 | 30 September 2026 | ||||
| f) | Place of the transaction | Off Market | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Ronel Bosman | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| 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 | 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 | 30 September 2026 | ||||
| f) | Place of the transaction | Off Market | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Ronel Bosman | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| 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 share awards to satisfy tax liability | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a Single Transaction | ||||
| e) | Date of the transaction | 30 September 2026 | ||||
| f) | Place of the transaction | Off Market | ||||
| 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 | ||||
| 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 | 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 | 30 September 2026 | ||||
| f) | Place of the transaction | Off Market | ||||
| 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 | ||||
| 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 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 | 30 September 2026 | ||||
| f) | Place of the transaction | Off Market |
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