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Exercise of Vested Bonus Shares

30th Oct 2020 07:09

RNS Number : 7417D
Sylvania Platinum Limited
30 October 2020
 

 

 

 

 

 

 

_____________________________________________________________________________________________________________________________

 

30 October 2020

 

 

Sylvania Platinum Limited

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

 

 

Exercise of vested bonus shares

 

 

Sylvania (AIM: SLP) today announces that certain Directors, senior management and employees have exercised a total of 2,365,000 bonus shares awarded to them in August 2017 under the Sylvania Platinum Limited Bonus Share Award Plan ("Bonus Shares") and which have now vested. The exercise of the Bonus Shares were satisfied by shares currently held in Treasury.

 

990,250 of the Bonus Shares were immediately repurchased by the Company at the vesting price of 55.8 pence, in order to satisfy the tax liabilities of certain employees. The repurchased shares are currently being held in Treasury.

 

A further 356,325 Ordinary Shares were repurchased by the Company at the 30-day VWAP of 63.9072 pence, being the price at the close of business on 28 October 2020. All Ordinary Shares purchased by the Company have been placed in Treasury.

 

Of the total 2,365,000 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

475,000

213,750

55.8p

-

-

261,250

1,221,144

0.45%

Lewanne Carminati

440,000

198,000

55.8p

-

-

242,000

1,104,081

0.41%

 

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

430,000

193,500

55.8p

50,000

63.9072p

186,500

186,500

0.07%

 

Following the above transaction, the Company's issued share capital amounts to 286,845,657 Ordinary Shares of which a total of 14,350,542 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 272,495,115 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 / Ed Phillips

Communications

Alma PR Limited

+44 (0) 20 3405 0208

Justine James / Helena Bogle / Josh Royston

[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

 

 

This announcement is released by Sylvania Platinum Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Jaco Prinsloo.

 

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 Bonus Shares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

55.8p

475,000

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

29 October 2020

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 Bonus Shares to satisfy the tax liability

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

55.8p

213,750

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

29 October 2020

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 Bonus Shares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

55.8p

440,000

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

29 October 2020

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 Bonus Shares to satisfy the tax liability

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

55.8p

198,000

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

29 October 2020

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)

55.8p

430,000

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

29 October 2020

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 Bonus Shares to satisfy the tax liability

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

55.8p

193,500

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

29 October 2020

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 Bonus Shares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

63.9072p

50,000

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

n/a Single Transaction

 

 

 

e)

Date of the transaction

 

29 October 2020

f)

Place of the transaction

 

Off Market

 

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END
 
 
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