Bushveld Minerals Limited Director/PDMR Shareholding (8029P)
February 19 2021 - 12:43PM
UK Regulatory
TIDMBMN
RNS Number : 8029P
Bushveld Minerals Limited
19 February 2021
Market Abuse Regulation ("MAR") Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
19 February 2021
Bushveld Minerals Limited
("Bushveld Minerals" or the "Company")
PDMR Dealing
Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated
primary vanadium producer and energy storage solutions provider,
with ownership of high-grade assets in South Africa ("Bushveld"),
announces, the disposal of Ordinary Shares by certain persons
discharging managerial responsibilities ("PDMR") in the Company as
follows:
Name Role Nature of transaction Number of Price
shares per share
(GBP)
Disposal of Ordinary
Shares of GBP0.01
Non-Executive ("Ordinary Shares")
Anthony Viljoen Director each 3,000,000 0.1706
--------------- ----------------------- ---------- -----------
*Anthony Viljoen now holds 5,666,667 Ordinary Shares in Bushveld
directly and has a beneficial interest in a further 8,160,000
Ordinary Shares held through VM Investment Company (Pty) Ltd, a
company in which he has a 50 per cent interest.
The sale has been undertaken to mainly settle tax liabilities
associated with the issue of Ordinary Shares to Mr Viljoen as
announced on 8 August 2018. Following the sale of Ordinary Shares,
as noted above, Anthony Viljoen now holds 9,746,667 Ordinary Shares
in the Company respresenting 0.82% of the issued share capital of
the Company .
PDMR Dealing
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail on the director's share dealing.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Anthony Viljoen
------------------------------ ---------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------------ ---------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
-----------------------------------------------------------------
a) Name Bushveld Minerals Limited
------------------------------ ---------------------------------
b) LEI 213800GX3IGYRET8ZE57
------------------------------ ---------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------
a) Description of the financial Ordinary Shares of GBP0.01 each
instrument, type of
instrument
------------------------------ ---------------------------------
b) Identification code ISIN: GG00B4TM3943
------------------------------ ---------------------------------
c) Nature of the transaction Sale of shares
------------------------------ ---------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
1 . GBP0.1706 3,000,000
----------- -----------
------------------------------ ---------------------------------
e) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
------------------------------ ---------------------------------
f) Date of the transaction 19 February 2021
------------------------------ ---------------------------------
g) Place of the transaction XLON
------------------------------ ---------------------------------
ENDS
Inquiries: info@bushveldminerals.com
+27 (0) 11 268
Bushveld Minerals 6555
Fortune Mojapelo, Chief Executive
Officer
Chika Edeh, Head of Investor
Relations
Nominated Adviser +44 (0) 20 3470
SP Angel Corporate Finance LLP & Broker 0470
Richard Morrison / Charlie Bouverat
G rant Barker / Richard Parlons
+44 (0) 20 7418
Peel Hunt LLP Joint Broker 8900
Ross Allister / Alexander Allen
+44 (0) 20 7236
BMO Capital Markets Limited Joint Broker 1010
Tom Rider
+44 (0) 20 7920
Tavistock Financial PR 3150
Charles Vivian / Gareth Tredway
Edward Lee
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a low-cost, integrated, primary vanadium
producer, with ownership of high-grade vanadium assets.
The Company's flagship vanadium platform includes a 74 per cent
controlling interest in Bushveld Vametco Alloys (Pty) Ltd, a
primary vanadium mining and processing company; 100 per cent of
Bushveld Vanchem, a primary vanadium processing facility with a
beneficiation plant; the Mokopane Vanadium Project and the Brits
Vanadium Project.
Bushveld's vision is to become a significant, low-cost,
integrated primary vanadium producer through owning high grade
assets. Whilst the demand for vanadium remains largely anchored in
the steel industry, Bushveld Minerals believes there is strong
potential for an imminent and significant global vanadium demand
surge from the fast-growing energy storage market, particularly
through the use and adoption of Vanadium Redox Flow Batteries.
Bushveld Energy, the Company's energy storage solutions provider,
plays a leading role in the development and promotion of the role
of vanadium in this market.
The Company's approach to project development recognises that,
whilst attractive project economics are imperative, they may be
insufficient to secure capital to bring them to account. A clear
path to production within a visible timeframe, low capital
expenditure requirements and scalability are important factors in
ensuring a positive return on investment. This philosophy is core
to the Company's strategy in developing projects.
Detailed information on the Company and progress to date can be
accessed on the website www.bushveldminerals.com .
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END
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