Bushveld Minerals Limited Director/PDMR Shareholding (6519T)
July 21 2020 - 7:55AM
UK Regulatory
TIDMBMN
RNS Number : 6519T
Bushveld Minerals Limited
21 July 2020
21 July 2020
Bushveld Minerals Limited
("Bushveld Minerals" or the "Company")
Director/PDMR Shareholding
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, ("Bushveld"),
announces that on 20 July 2020 the following nominal-cost share
awards over ordinary shares of 1p (the "Bonus Award") each in the
Company were granted under the Conditional Share Plan (the "CSP"),
which was described in the remuneration report of the Company's
December 2018 and December 2019 annual reports, to certain
directors and persons discharging managerial responsibilities
("PDMRs") as follows:
PDMR Position Bonus Awards
Fortune Mojapelo Group Chief Executive Officer 880,745
----------------------------------- -------------------
Bushveld Energy Chief Executive
Mikhail Nikomarov Officer 238,779
----------------------------------- -------------------
Lemur Resources Chief Executive
Prince Nyati Officer 199,277
----------------------------------- -------------------
Kenneth Greve Director - Corporate Development 312,828
----------------------------------- -------------------
Director - Strategy and Corporate
Sihle Mdluli Services 169,038
----------------------------------- -------------------
Lyndon Williams Director - Sales and Marketing 244,961
----------------------------------- -------------------
General Manager - Bushveld
Bertina Symonds Vametco 231,249
----------------------------------- -------------------
These Bonus Awards are linked to Short Term Incentive
Performance and are subject to a three-year vesting period (between
20 July 2020 to 19 July 2023) and subject to continued employment,
but not subject to forward looking performance vesting
conditions.
S
Inquiries: info@bushveldminerals.com
+27 (0) 11 268
Bushveld Minerals 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
Richard Morrison / Soltan
Tagiev
Abigail Wayne / Richard Parlons
+44 (0) 20 7418
Peel Hunt LLP Joint Broker 8900
Ross Allister / Alexander
Allen
+44 (0) 20 7236
BMO Capital Markets Limited Joint Broker 1010
Tom Rider / Michael Rechsteiner
Neil Elliot
+44 (0) 20 7920
Tavistock Financial PR 3150
Charles Vivian / Gareth Tredway
Edward Lee
+27 (0) 11 502
Brunswick Financial PR (South Africa) 7300
Miyelani Shikwambana
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail:
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Fortune Mojapelo
2. Mikhail Nikomarov
3. Prince Nyati
4. Kenneth Greve
5. Sihle Mdluli
6. Lyndon Williams
7. Bertina Symonds
------------------------------ --------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Bushveld Energy Chief Executive
Officer
3. Lemur Resources Chief Executive
Officer
4. Director - Corporate Development
5. Director - Strategy and Corporate
Services
6. Director - Sales and Marketing
7. General Manager - Bushveld Vametco
------------------------------ --------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Bushveld Minerals Limited
------------------------------ --------------------------------------------
b) LEI 213800GX3IGYRET8ZE57
------------------------------ --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
----------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of GBP0.01 each
instrument, type of
instrument
------------------------------ --------------------------------------------
b) Identification code ISIN: GG00B4TM3943
------------------------------ --------------------------------------------
c) Nature of the transaction Grant of Options in the form of nil-cost
options over ordinary shares in the
Company
------------------------------ --------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 880 745
---------- -----------
2. Nil 238 779
---------- -----------
3. Nil 199 277
---------- -----------
4. Nil 312 828
---------- -----------
5. Nil 169 038
---------- -----------
6. Nil 244 961
---------- -----------
7. Nil 231 249
---------- -----------
------------------------------ --------------------------------------------
e) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
------------------------------ --------------------------------------------
f) Date of the transaction 20 July 2020
------------------------------ --------------------------------------------
g) Place of the transaction Outside of a trading venue
------------------------------ --------------------------------------------
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 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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