Sylvania Platinum Announces Share Buyback to Adjust Capital Structure

Sylvania Platinum ( (GB:SLP) ) has issued an update.

Sylvania Platinum Limited has announced the buyback of 155,000 Ordinary Shares at an average price of 41.35 pence per share, which will be placed into Treasury pending cancellation. This move reduces the total number of voting shares to 261,209,330, impacting the company’s capital structure and potentially signaling confidence in its market positioning or financial health.

More about Sylvania Platinum

Sylvania Platinum Limited is a cost-efficient producer of platinum group metals (PGMs) such as platinum, palladium, and rhodium, with operations centered in South Africa. The company is a leader in the industry for re-treating chrome tailings to extract PGMs, operating six plants under the Sylvania Dump Operations (SDO) in the Bushveld Igneous Complex. The company has expanded its operations through the Thaba Joint Venture, which includes processing plants for both run of mine and historical chrome tailings, and holds mining rights for projects in the Northern Limb of the BIC.

YTD Price Performance: -42.99%

Average Trading Volume: 857,262

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £107.2M

See more data about SLP stock on TipRanks’ Stock Analysis page.