Sylvania Platinum buys back 1.5m shares

Sylvania Platinum announced on Wednesday that 1,498,248 ordinary shares of one US cent each in the company were repurchased at 10.7274p per ordinary share on Tuesday, and would be held in treasury to satisfy future management awards.

The AIM-traded firm said that following the transaction, the company's issued share capital would be 297,981,896 ordinary shares, of which a total of 9,604,135 ordinary shares are held in treasury.

“Therefore the total number of ordinary shares with voting rights in Sylvania is 288,377,761 ordinary shares,” the board said in its statement.