31 Aug 2016 14:30
31 August 2016
Bushveld Minerals Ltd
("Bushveld" or the "Company")
Holdings in Company
Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with a portfolio of vanadium, titanium, iron ore, tin and coal assets in Africa, notes the below TR1 Notification from Yellow Dragon Holdings Limited, which clarifies that it still holds the 25 million warrants over ordinary shares in the Company that it received as part of its participation in the placing announced by the Company on 3 June 2016.
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.
Enquiries: info@bushveldminerals.com
Bushveld Minerals Fortune Mojapelo
| +27 (0) 11 268 6555 |
Strand Hanson Limited Andrew Emmott / Ritchie Balmer
| +44 (0) 20 7409 3494 |
Mirabaud Securities LLP Rory Scott
| +44 (0) 20 7878 3360 |
Beaufort Securities Limited Jon Belliss
| +44 (0) 20 7382 8300 |
Tavistock Jos Simson/ Barney Hayward
| +44 (0) 20 7920 3150 |
Lifa Communications (South Africa) Gabriella von Ille
| +27 (0) 711 121 907 |
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | BUSHVELD MINERALS LIMITED | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | X | |||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||||
An event changing the breakdown of voting rights | ||||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | YELLOW DRAGON HOLDINGS LIMITED | |||
4. Full name of shareholder(s) (if different from 3.):iv | YELLOW DRAGON HOLDINGS LIMITED | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 9 August 2016 | |||
6. Date on which issuer notified: | 25 August 2016 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | Below 3% | |||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
Ordinary Shares | 50,000,000 | 50,000,000 | 0 | 0 | 0 | |||||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
Warrants at £0.024 | 06/06/18 | 2 Years | 25,000,000 | 4.05% | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| |||||||||||
N/A |
| Nominal | Delta | |||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
25,000,000 | 4,05% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
N/A | ||
Proxy Voting: | ||
10. Name of the proxy holder: | N/A | |
11. Number of voting rights proxy holder will cease to hold: | N/A | |
12. Date on which proxy holder will cease to hold voting rights: | N/A | |
13. Additional information: | ||
14. Contact name: | Andrew Fox Ansee Seebaluck | |
15. Contact telephone number: | + 230 401 3200 or by email AFox@oaktrustgroup.com and ASeebaluck@oaktrustgroup.com | |