TIDMBMN

RNS Number : 3845I

Bushveld Minerals Limited

08 August 2019

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                      Bushveld Minerals Limited 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                      ------------------------------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer                                                                                           X 
                                                                                                ------------------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                             X 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights                                                        X 
                                                                                                ------------------ 
 Other (please specify)(iii) : 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                  Oak Trust (Guernsey) Limited as Trustee 
                                                        of The Orange Trust 
 City and country of registered office                 Guernsey 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name 
                                                      ------------------------------------------------------------ 
 City and country of registered office 
  (if applicable) 
                                                      ------------------------------------------------------------ 
 5. Date on which the threshold was                    22/11/2018 
  crossed or reached(vi) : 
                                                      ------------------------------------------------------------ 
 6. Date on which issuer notified (DD/MM/YYYY):        05/08/2019 
                                                      ------------------------------------------------------------ 
 7. Total positions of person(s) subject to the notification obligation 
                                   % of voting          % of voting rights     Total of both     Total number 
                                  rights attached       through financial        in % (8.A +      of voting rights 
                                 to shares (total          instruments              8.B)          of issuer(vii) 
                                     of 8. A)             (total of 8.B 
                                                            1 + 8.B 2) 
                             -----------------------  ---------------------  -----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                          5.72%                     -                  5.72%         1,119,057,953 
                             -----------------------  ---------------------  -----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable) 
                             -----------------------  ---------------------  -----------------  ------------------ 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of          Number of voting rights(ix)                    % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                               Direct                Indirect                  Direct                 Indirect 
                         (Art 9 of Directive    (Art 10 of Directive     (Art 9 of Directive     (Art 10 of Directive 
                            2004/109/EC)            2004/109/EC)        2004/109/EC) (DTR5.1)        2004/109/EC) 
                              (DTR5.1)               (DTR5.2.1)                                       (DTR5.2.1) 
                                              ---------------------- 
 Ordinary Shares 
  ISIN: GG00B4TM3943         64,011,966                  -                     5.72%                      - 
                       ---------------------  ----------------------  -----------------------  ---------------------- 
 
 
 SUBTOTAL 8. A                           64,011,966                                        5.72% 
                       ---------------------------------------------  ----------------------------------------------- 
 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial   Expiration   Exercise/                Number of voting        % of voting 
  instrument          date(x)      Conversion Period(xi)    rights that may         rights 
                                                            be acquired if 
                                                            the instrument 
                                                            is 
                                                            exercised/converted. 
                    -----------  -----------------------  ----------------------  ------------ 
 
 
 
                                  SUBTOTAL 8. B 1 
                                 -----------------------  ----------------------  ------------ 
 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of financial   Expiration   Exercise/      Physical or        Number of        % of voting 
  instrument          date(x)      Conversion     cash               voting rights    rights 
                                   Period (xi)    settlement(xii) 
                    -----------  -------------  -----------------  --------------- 
 
 
 
                                                 SUBTOTAL 8.B.2 
                                                -----------------  --------------- 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) (please add additional 
  rows as necessary) 
         Name(xv)              % of voting rights        % of voting rights       Total of both if 
                                 if it equals or          through financial        it equals or is 
                               is higher than the         instruments if it        higher than the 
                              notifiable threshold       equals or is higher    notifiable threshold 
                                                         than the notifiable 
                                                              threshold 
                           -------------------------  -----------------------  ---------------------- 
 Oak Trust (Guernsey) 
  Limited as Trustee 
  of The Orange Trust                5.72%                       -                      5.72% 
                           -------------------------  -----------------------  ---------------------- 
 
 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
 
 The number and % of voting rights 
  held 
 
 The date until which the voting rights 
  will be held 
 
 
 
 11. Additional information(xvi) 
 64,011,966 ordinary shares were transferred from Yellow Dragon Holdings 
  Limited. 
 
 
 Place of completion   Guernsey 
 Date of completion    05/08/2019 
                      ----------- 
 

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