Last checked at 2 Jul 2019 14:00
2 July 2019
Bushveld Minerals Limited
("Bushveld Minerals" or the "Company")
Annual General Meeting Results
Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated primary vanadium producer, with ownership of high grade vanadium assets in South Africa, is pleased to announce that all resolutions put to shareholders at the Annual General Meeting held earlier today were duly passed.
No. | ORDINARY RESOLUTIONS | VOTES | ||
IN FAVOUR | AGAINST | WITHHELD | ||
1 | To receive and adopt the Annual Financial Statements of the Company and the Directors report and the report of the Auditors for the financial year ended 31 December 2018. | 341,083,349 | - | 527,886 |
2 | To approve the Directors Fees as reflected in Remuneration Report and in Note 35 of the Annual Financial Statements | 335,992,063 | 5,529,181 | 89,991 |
3 | That Messrs RSM UK Audit LLP be reappointed as Auditors to the Company. | 340,545,693 | 309,677 | 755,865 |
4 | That the Directors be authorised to approve the remuneration of the Company's Auditors to the Company. | 335,190,478 | 5,889,148 | 531,609 |
5 | That Michael Kirkwood shall be re-elected as a Director, having retired and offered himself for re-election. | 335,772,899 | 5,527,945 | 310,391 |
6 | That Anthony Viljoen shall be re-elected as a Director, having retired by rotation and offered himself for re-election | 340,800,844 | 500,000 | 310,391 |
7 | That Geoff Sproule shall be re-elected as a Director, having retired by rotation and offered himself for re-election. | 334,272,899 | 5,527,945 | 1,810,391 |
8 | The Company be generally and unconditionally authorised for the purposes of Articles 50.3 of the Articles to make on market acquisitions | 341,593,907 | 8,000 | 9,328 |
9 | That the Directors of the Company be and are hereby authorised to exercise all powers of the Company to issue, grant rights to subscribe for, or to convert any securities | 340,480,659 | 8,000 | 1,122,576 |
SPECIAL RESOLUTION | ||||
10 | That the Directors of the Company be and they are hereby authorised to exercise all powers of the Company to issue or grant Equity Securities in the capital of the Company pursuant to the issue or grant referred to in Resolution 9 | 340,360,659 | 8,000 | 1,242,576 |
Enquiries: info@bushveldminerals.com
Bushveld Minerals | +27 (0) 11 268 6555 | |
Fortune Mojapelo, Chief Executive Officer | ||
Chika Edeh, Head of Investor Relations | ||
SP Angel Corporate Finance LLP | Nominated Adviser & Broker | +44 (0) 20 3470 0470 |
Ewan Leggat / Richard Morrison | ||
Jonathan Williams / Richard Parlons | ||
Alternative Resource Capital | Joint Broker | |
Rob Collins | +44 (0) 20 7186 9001 | |
Alex Wood | +44 (0) 20 7186 9004 | |
BMO Capital Markets Limited | Joint Broker | +44 (0) 20 7236 1010 |
Jeffrey Couch / Tom Rider Michael Rechsteiner / Neil Elliot | ||
Tavistock | Financial PR | |
Charles Vivian / Gareth Tredway | +44 (0) 20 7920 3150 | |
Brunswick | Financial PR (South Africa) | |
Miyelani Shikwambana | +27 (0) 11 502 7300 |
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; 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. This incorporates development and promotion of the role of vanadium in the growing global energy storage market through Bushveld Energy, the Company's energy storage solutions provider. 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 ("VRFB").
While the Company's focus is on vanadium operations and the development and promotion of VRFBs, it has additional investments in coal, power and tin.
The Company's approach to project development recognises that, whilst attractive project economics are imperative, they are 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.