Bushveld Minerals Limited Annual General Meeting Results (2383E)
July 02 2019 - 9:00AM
UK Regulatory
TIDMBMN
RNS Number : 2383E
Bushveld Minerals Limited
02 July 2019
2 July 2019
Bushveld Minerals Limited
("Bushveld Minerals" or the "Company")
Annual General Meeting Results
Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated
primary vanadium producer, with ownership of high grade vanadium
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.
VOTES
---- --------------------------------------------- ------------------------------------
No. ORDINARY RESOLUTIONS IN FAVOUR AGAINST WITHHELD
---- --------------------------------------------- ------------ ---------- ----------
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
1 2018. 341,083,349 - 527,886
--------------------------------------------- ------------ ---------- ----------
To approve the Directors Fees as
reflected in Remuneration Report
and in Note 35 of the Annual Financial
2 Statements 335,992,063 5,529,181 89,991
--------------------------------------------- ------------ ---------- ----------
That Messrs RSM UK Audit LLP be
reappointed as Auditors to the
3 Company. 340,545,693 309,677 755,865
--------------------------------------------- ------------ ---------- ----------
That the Directors be authorised
to approve the remuneration of
4 the Company's Auditors to the Company. 335,190,478 5,889,148 531,609
--------------------------------------------- ------------ ---------- ----------
That Michael Kirkwood shall be
re-elected as a Director, having
retired and offered himself for
5 re-election. 335,772,899 5,527,945 310,391
--------------------------------------------- ------------ ---------- ----------
That Anthony Viljoen shall be re-elected
as a Director, having retired by
rotation and offered himself for
6 re-election 340,800,844 500,000 310,391
--------------------------------------------- ------------ ---------- ----------
That Geoff Sproule shall be re-elected
as a Director, having retired by
rotation and offered himself for
7 re-election. 334,272,899 5,527,945 1,810,391
--------------------------------------------- ------------ ---------- ----------
The Company be generally and unconditionally 341,593,907 8,000 9,328
authorised for the purposes of
Articles 50.3 of the Articles to
8 make on market acquisitions
--------------------------------------------- ------------ ---------- ----------
That the Directors of the Company
be and are hereby authorised to
exercise all powers of the Company
to issue, grant rights to subscribe
9 for, or to convert any securities 340,480,659 8,000 1,122,576
--------------------------------------------- ------------ ---------- ----------
SPECIAL RESOLUTION
-----------------------------------------------------------------------------------------
That 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
10 to in Resolution 9 340,360,659 8,000 1,242,576
--------------------------------------------- ------------ ---------- ----------
Enquiries: 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 +44 (0) 20 3470
LLP Nominated Adviser & Broker 0470
Ewan Leggat / Richard Morrison
Jonathan Williams / Richard
Parlons
Alternative Resource Capital Joint Broker
+44 (0) 20 7186
Rob Collins 9001
+44 (0) 20 7186
Alex Wood 9004
+44 (0) 20 7236
BMO Capital Markets Limited Joint Broker 1010
Jeffrey Couch / Tom Rider
Michael Rechsteiner / Neil
Elliot
Tavistock Financial PR
+44 (0) 20 7920
Charles Vivian / Gareth Tredway 3150
Brunswick Financial PR (South Africa)
Miyelani Shikwambana +27 (0) 11 502 7300
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; 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. This incorporates development and promotion of the role of
vanadium in the growing global energy storage market through
Bushveld Energy, the Company's energy storage solutions provider.
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
("VRFB").
While the Company's focus is on vanadium operations and the
development and promotion of VRFBs, it has additional investments
in coal, power and tin.
The Company's approach to project development recognises that,
whilst attractive project economics are imperative, they are
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.
END
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