BMN Primours Conversion Notice6 Apr 2022 09:09
Bushveld Minerals Limited (AIM: BMN), the AIM-listed, integrated primary vanadium producer which owns high-grade vanadium assets in South Africa, announces that it has received notice from Primorus Investments Plc ("Primorus") to exercise an amount of £204,810, being one-sixth of the principal amount of the BMN CLN (the issuance of which was announced on 29 March 2022) plus accrued interest, into fully paid ordinary shares in the capital of the Company ("Bushveld Shares").
Following this exercise, Primorus will be issued a total of 2,069,063 Bushveld Shares.
Application will be made for the admission of these Bushveld Shares to trading on AIM ("Admission"), and it is expected that Admission will occur at 8.00 a.m. on 12 April 2022.
Following Admission, there will be a total of 1,264,038,240 Bushveld ordinary shares in issue, 670,000 of which are held in treasury. Shareholders should use the figure of 1,263,368,240 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure and Transparency Rules.