Last checked at 23 Feb 2016 18:06
23 February 2016
Bushveld Minerals Limited
("Bushveld" or the "Company")
Transactions in Own Shares
Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Africa, advises that, following a decision to discontinue its share buy back programme, it has decided to dispose of the shares acquired and held in treasury prior to 2016 year end, being 29 February 2016. The company confirms the following transactions by the Company in its own shares, in addition to the 720,000 shares purchased in October 2015.
Date | Purchase/Sale | Number of shares | Price |
9 November 2015 | Purchase | 200,000 | 3.1573p |
13 November 2015 | Purchase | 300,000 | 3.0918p |
20 November 2015 | Purchase | 200,000 | 2.85p |
3 December 2015 | Purchase | 250,000 | 2.99p |
16 February 2016 | Sale | 250,000 | 2.6p |
17 February 2016 | Sale | 375,000 | 2.6p |
18 February 2016 | Sale | 375,000 | 2.6p |
The purchases were made by the Company's Broker Mirabaud Securities LLP ("Mirabaud"), pursuant to the authority granted to Mirabaud as detailed in the announcement of 30 September 2015. Shares purchased are held in Treasury and all of the sales have been of treasury shares.
Following this transaction, the issued share capital of the Company will be 486,337,438 Ordinary Shares of which 670,000 Ordinary Shares are held in Treasury.
For reporting purposes, the market should exclude any shares held in Treasury and should use the figure of 485,667,438 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.
Enquiries: info@bushveldminerals.com
Bushveld Minerals Fortune Mojapelo
| +27 (0) 11 268 6555 |
Strand Hanson Limited Andrew Emmott
| +44 (0) 20 7409 3494 |
Mirabaud Securities LLP 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.