CAPITAL MARKETS

Sylvania Platinum approves maiden dividend

Shareholders will get first payout at the end of November

This article is 7 years old. Images might not display.

A dividend of 0.35p (US0.45c) per share for the financial year ended June 30, 2018, was approved by an overwhelming majority at the company's annual general meeting on November 23.

It will be paid out on November 30 to shareholders on the register on October 19.

The company previously reported a net profit of US$11 million for the financial year, up 24% year-on-year, with group EBITDA also up 21% to $22.2 million and revenue 11% higher at $57.3 million.

Sylvania also undertook a share buyback programme during 2018 and by the time the programme closed at the end of August, it had purchased 2.4 million ordinary shares, or 57% of the shares on offer, from non-UK-based shareholders at A16.19c (US11.76c) each.

At the end of the buyback programme, the company had 291.1 million ordinary shares, of which 5 million were held in treasury and 286.2 million had voting rights.

Sylvania's shares were up 1.41% Monday to 18p.  

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.