Sylvania extends share buyback programme deadline to September
Aim-listed Sylvania Platinum has acquired 172 884 ordinary shares, which represent about 0.06% of the company’s issued share capital, between June 1, 2019, and June 30, this year.
This relates to its planned buyback of over 1.6-million ordinary shares from all certificated non-UK shareholders who hold 175 000 shares or fewer in the company.
The shares will be placed into treasury and, to date, a total of 671 947 ordinary shares have been bought back under the plan. Nineteen per cent of the shareholders, holding 40.7% of the shares eligible under the terms of the programme, have taken up the offer.
To afford the remaining shareholders a final opportunity to still accept the offer, the company is extending the closing date to September 30. No further extensions will be considered by Sylvania after this date.
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