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Pin to quick picksBushveld Minerals Regulatory News (BMN)

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Director/PDMR Shareholding

18 Feb 2021 18:04

RNS Number : 6503P
Bushveld Minerals Limited
18 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.

 

18 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 shares by certain persons discharging managerial responsibilities ("PDMR") in the Company as follows:

 

Name

Role

Nature of transaction

Number of shares

Price per share (£)

Ian Watson

Independent Non-Executive Chairman

Disposal of Ordinary Shares of £0.01 ("Ordinary Shares") each

1,100,000

0.1693

 

The sale has been undertaken to settle tax liabilities associated with the issue of Ordinary Shares to Mr Watson as announced on 8 August 2018. Following the sale of Ordinary Shares as noted above Ian Watson now holds 2,455,000 Ordinary Shares in the Company respresenting 0.2% 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

Ian Watson

2

Reason for the notification

a)

Position/status

Independent Non-Executive Chairman

b)

 

Initial notification /Amendment

Initial notification

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

instrument, type of instrument

 

Ordinary Shares of £0.01 each

 

 

b)

Identification code

ISIN: GG00B4TM3943

c)

Nature of the transaction

Sale of shares

d)

Price(s) and volume(s)

Price(s)

Volume(s)

1.

£0.1693

1,100,000

e)

Aggregated information

- Aggregated volume

- Price

N/A (Single transaction)

f)

Date of the transaction

17 February 2021

g)

Place of the transaction

XLON

ENDS

  

Inquiries: 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

Richard Morrison / Charlie Bouverat

 

Abigail Wayne / Richard Parlons

 

 

 

Peel Hunt LLP

Joint Broker

+44 (0) 20 7418 8900

Ross Allister / Alexander Allen

 

 

 

BMO Capital Markets Limited

Joint Broker

+44 (0) 20 7236 1010

Tom Rider 

 

 

 

Tavistock

Financial PR

+44 (0) 20 7920 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHBRGDDCUBDGBI
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