Last checked at 30 Sep 2015 14:22
30 September 2015
Bushveld Minerals Limited
("Bushveld" or the "Company")
Purchase of shares in Close Period
Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Africa, today announces that the Company is about to enter a close period ahead of the publication of half yearly results for the half year ended 31 August 2015 (the "Close Period").
Pursuant to the share buyback authority approved by shareholders at the AGM on 23 September 2015, the Board has granted authority to the Company's broker, Mirabaud Securities LLP, to purchase the Company's ordinary shares ("Ordinary Shares") in the market during the Close Period. Subject to availability in the market, any Ordinary Shares purchased during the Close Period will be held in treasury.
The authority granted is irrevocable and non-discretionary and during the Close Period the Company has no power to invoke any changes to the authority and any purchases will be undertaken at the sole discretion of Mirabaud Securities LLP, who is acting independently of, and uninfluenced by, the Company.
Any Ordinary Shares purchased pursuant to these arrangements will be carried out within certain pre-set parameters and in accordance with applicable law and the limitations of the share purchase authority approved at the last Annual General Meeting of shareholders.
Enquiries: info@bushveldminerals.com
Bushveld Minerals Fortune Mojapelo
| +27 (0) 11 268 6555 |
Strand Hanson Andrew Emmott
| +44 (0) 20 7409 3494 |
Mirabaud Securities Rory Scott
| +44 (0) 20 7878 3360 |
Brandon Hill Capital Oliver Stansfield
| +44 (0) 20 3463 5000 |
Tavistock Jos Simson/ Nuala Gallagher
| +44 (0) 20 7920 3150 |
Russell & Associates Jane Kamau-Appiah/James Duncan
| +27 (0) 11 880 3924 |
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Notes to editors
Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore, tin and coal assets in Southern Africa and Madagascar.
The Group owns the Bushveld Vanadium Project, Mokopane Vanadium Project, Bushveld Iron Ore Project and Mokopane Tin Project, located on the northern limb of the Bushveld Complex, South Africa. Bushveld also owns the Imaloto coal project in Madagascar, acquired in September, 2015, through its takeover of Lemur Resources.
Bushveld was admitted to the AIM of the London Stock Exchange in March 2012.