Last checked at 5 Aug 2020 15:18
5 August 2020
Bushveld Minerals Limited
("Bushveld Minerals", "Bushveld" or the "Company")
Annual General Meeting Results
Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage provider, with ownership of high-grade 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 2019 | 186,324,377 | 5,000 | 29,816,380 |
2 | To approve the Directors Fees as reflected in Remuneration Report and in Note 35 of the Annual Financial Statements | 179,224,393 | 36,560,030 | 361,334 |
3 | That Messrs RSM UK Audit LLP be reappointed as Auditors to the Company. | 214,719,388 | 616,928 | 809,441 |
4 | That the Directors be authorised to approve the remuneration of the Company's Auditors to the Company. | 207,150,161 | 8,993,928 | 1,668 |
5 | That Fortune Mojapelo shall be re-elected as a Director, having retired by rotation and offered himself for re-election. | 215,213,941 | 621,736 | 310,080 |
6 | That Ian Watson shall be re-elected as a Director, having retired by rotation and offered himself for re-election. | 165,420,678 | 49,915,499 | 809,580 |
7 | That Jeremy Friedlander shall be re-elected as a Director, having retired by rotation and offered himself for re-election. | 166,220,678 | 49,915,499 | 9,580 |
8 | That Tanya Chikanza shall be re-elected as a Director in accordance with Article 140 of the Articles, having been appointed by the Directors in October 2019. | 215,330,369 | 5,808 | 809,580 |
9 | That Dolly Mokgatle shall be re-elected as a Director in accordance with Article 140 of the Articles, having been appointed by the Directors in March 2020. | 200,385,163 | 13,466,499 | 2,294,095 |
10 | The Company be generally and unconditionally authorised for the purposes of Articles 50.3 of the Articles to make on market acquisitions. | 216,004,044 | 141,225 | 488 |
11 | 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. | 215,174,784 | 89,154 | 881,819 |
SPECIAL RESOLUTION | ||||
10 | If Resolution 11 is passed, 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 11. | 178,385,993 | 37,663,101 | 96,663 |
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 / Soltan Tagiev | ||
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/ Michael Rechsteiner / Neil Elliot | ||
Tavistock | Financial PR | +44 (0) 20 7920 3150 |
Charles Vivian / Gareth Tredway / Edward Lee | ||
Brunswick | Financial PR (South Africa) | +27 (0) 11 502 7300 |
Miyelani Shikwambana |
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 at www.bushveldminerals.com.