Launch of Share Buyback

(AIM: SLP) Sylvania Platinum Limited announced the launch of an on-market Share Buyback Programme to purchase Ordinary US$0.01 Shares of the Company's issued share capital, up to a maximum consideration of US$1.5 million. The purpose of the Share Buyback is to return capital back to shareholders, as announced in the Full Year Financial Results. Panmure Liberum Limited has been instructed to execute the Share Buyback, with irrevocable appointment to purchase shares with absolute discretion during any closed period. The Share Buyback will be carried out under the terms and authority of the Company's Bye Laws, and all Ordinary Shares purchased will be held in treasury. The Share Buyback will be funded from the Company's current cash balance. On any trading day, the number of Ordinary Shares acquired by Panmure Liberum shall not represent more than 25% of the average daily volume of the Shares on that relevant trading venue, calculated based on the average daily volume of Ordinary Shares traded during the 20 trading days preceding the date of purchase. The Share Buyback will be effective from the date of this announcement and will terminate on the earliest of the date on which the Maximum Amount has been reached or 31 March 2027. The Company intends to comply as far as practicable with Article 5(1) of Regulation (EU) No 596/2014 ("MAR"). Any market purchase of Ordinary Shares pursuant to the Share Buyback Programme will be announced no later than the following business day on which the purchase occurred.

Annual Results Announcement

(AIM: SLP) Sylvania Platinum Limited announced its final results for the year ended 30 June 2026. Annual PGM production reached a new record of 95,885 4E PGM ounces for FY2026, up 18% from 81,002 ounces in FY2025. The Thaba Joint Venture was commissioned and ramped up during FY2026, with ongoing optimisation planned for FY2027. Chrome concentrate production was 50,317 tons, in line with revised guidance. The centralised PGM Filtration Plant was commissioned and is fully operational, and new tailings storage facilities at Mooinooi were commissioned, with construction commencing at Lannex and Tweefontein. At the Aurora Project, a 4,000 metre drilling campaign began in Q4 FY2026, with over 2,200 metres completed by period end. Net revenue for the period was $226.3 million, up 117% from $104.2 million in FY2025. Group EBITDA was $114.2 million, a 289% increase from $29.3 million, and net profit was $66.4 million, up 229% from $20.2 million. The average 4E Gross Basket Price was $2,404/ounce, compared to $1,507/ounce in FY2025. A final cash dividend of four pence per Ordinary Share was declared, totaling six pence per share for FY2026. The company bought back 1.98 million Ordinary Shares at an average price of 91.02 pence per share, totaling $2.4 million, and cancelled 1,705,000 Treasury shares. A new $1.5 million share buyback programme was launched on 15 September 2026. The group cash balance was $67.2 million as at 30 June 2026, with no debt or pipeline financing. Doornbosch achieved 14 years Lost-Time Injury free and five years total injury-free as of June 2026. Sylvania paid over ZAR150.3 million ($8.9 million) to community-based suppliers in FY2026. The company continues to focus on water management and tailings safety. For FY2027, Sylvania targets annual production of 85,000 to 95,000 4E PGM ounces and 110,000 to 140,000 tons of Chrome concentrate. CEO Jaco Prinsloo highlighted the record-breaking year, strong safety performance, and ongoing operational and capital optimisation. Revenue from 4E PGM ounces delivered increased by 105% to $182.3 million, with by-product revenue of $29.5 million. Capital expenditure for the year was $31.9 million. The average ZAR:USD exchange rate was ZAR16.90:$1 for the period.

Johnson Fistel Investigates Simulations Plus, Inc. (SLP) After Revenue Guidance Cut, Impairment Charge, and Auditor Dispute

(NASDAQ:SLP) — Johnson Fistel, PLLP is investigating whether Simulations Plus, Inc. or certain of its executive officers violated federal securities laws. On April 3, 2025, Simulations Plus reported second-quarter fiscal 2025 financial results and maintained full-year fiscal 2025 revenue guidance of $90 million to $93 million. On June 11, 2025, Simulations Plus announced preliminary third-quarter fiscal 2025 revenue results and reduced its full-year fiscal 2025 revenue guidance to $76 million to $80 million. The Company disclosed a net loss of $67.3 million, or $3.35 per diluted share, for the third quarter of fiscal 2025, which included a $77.2 million non-cash impairment charge. Following these announcements, Simulations Plus stock declined more than 24%, falling from $26.44 per share to $20.05 per share, and then nearly 26%, declining from $17.47 per share to $12.97 per share. The Company’s Audit Committee dismissed Grant Thornton LLP as the independent registered public accounting firm, and Grant Thornton stated that certain matters relating to segment reporting, reporting-unit determinations, and internal control over financial reporting “were not resolved to our satisfaction” as of the date Grant Thornton was terminated. Johnson Fistel, PLLP recovered approximately $90,725,000 for investors in 2024.