TIDMBMN
RNS Number : 5388O
Bushveld Minerals Limited
10 February 2021
Market Abuse Regulation ("MAR") Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
10 February 2021
Bushveld Minerals Limited
("Bushveld Minerals" or the "Company")
PDMR dealing to satisfy tax obligations
Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated
primary vanadium producer and energy storage solutions provider,
with ownership of high-grade assets in South Africa ("Bushveld"),
announces that, subsequent to the PDMR issue of shares previously
announced on 1 February 2021, there was a disposal by the following
PDMRs on 5 February 2021 in order to settle the tax obligations
associated with the issue of these shares.
PDMR Position Vested Bonus Number of shares
shares sold
Group Chief Executive
Fortune Mojapelo Officer 440,373 206,951
---------------------------- ------------- -----------------
Bushveld Energy Chief
Mikhail Nikomarov Executive Officer 119,390 56,107
---------------------------- ------------- -----------------
Lemur Resources Chief
Prince Nyati Executive Officer 99,639 46,825
---------------------------- ------------- -----------------
Director - Corporate
Kenneth Greve Development 156,414 73,446
---------------------------- ------------- -----------------
Director - Strategy and
Sihle Mdluli Corporate Services 84,519 39,720
---------------------------- ------------- -----------------
Director - Sales and
Lyndon Williams Marketing 122,481 57,560
---------------------------- ------------- -----------------
General Manager - Bushveld
Bertina Symonds Vametco 115,625 54,338
---------------------------- ------------- -----------------
PDMR Shareholdings
Following the settlement of the tax obligations associated with
the issue of shares , the directors' shareholdings in the Company
are as follows:
Director Current Shareholding Number of s Resultant % of Enlarged
hares sold Shareholding Issued Share
Capital
Fortune Mojapelo* 13,020,373 206,951 12,813,422 1,08
--------------------- ------------ -------------- --------------
Mikhail Nikomarov 119,634 56,107 63,527 0,01
--------------------- ------------ -------------- --------------
Prince Nyati 135,014 46,825 88,189 0,01
--------------------- ------------ -------------- --------------
Kenneth Greve 156,414 73,446 82,968 0,01
--------------------- ------------ -------------- --------------
Sihle Mdluli 84,519 39,720 44,799 0,00
--------------------- ------------ -------------- --------------
Lyndon Williams 122,481 57,560 64,921 0,01
--------------------- ------------ -------------- --------------
Bertina Symonds 115,625 54,338 61,287 0,01
--------------------- ------------ -------------- --------------
* Fortune Mojapelo now holds 8,733,422 shares in Bushveld
directly and has a beneficial interest in a further 8,160,000
shares held through VM Investment Company (Pty) Ltd, a company in
which he has a 50 per cent interest .
PDMR Dealing
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail on the director's share dealing.
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 Sale of shares to fulfil tax obligations
------------------------------ --------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0,19 206,951
---------- -----------
2. GBP0,19 56,107
---------- -----------
3. GBP0,19 46,825
---------- -----------
4. GBP0,19 73,446
---------- -----------
5. GBP0,19 39,720
---------- -----------
6. GBP0,19 57,560
---------- -----------
7. GBP0,19 54,338
---------- -----------
------------------------------ --------------------------------------------
e) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
------------------------------ --------------------------------------------
f) Date of the transaction 5 February 2021
------------------------------ --------------------------------------------
g) Place of the transaction XLON
------------------------------ --------------------------------------------
S
Inquiries: info@bushveldminerals.com
+27 (0) 11 268
Bushveld Minerals 6555
Fortune Mojapelo, Chief Executive
Officer
Chika Edeh, Head of Investor
Relations
Nominated Adviser +44 (0) 20 3470
SP Angel Corporate Finance LLP & Broker 0470
Richard Morrison / Charlie Bouverat
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
+44 (0) 20 7920
Tavistock Financial PR 3150
Charles Vivian / Gareth Tredway
Edward Lee
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 .
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