Director/PDMR Shareholding

RNS Number : 4220Q
Bushveld Minerals Limited
25 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.

 

25 February 2021

 

Bushveld Minerals Limited

("Bushveld Minerals" or the "Company")

PDMR Dealing

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 the disposal of Ordinary Shares by certain persons discharging managerial responsibilities ("PDMR") in the Company as follows:

 

Name

Role

Nature of transaction

Number of shares

Price per share (£)

Prince Nyati

Lemur Resources Chief Executive Officer

Disposal of Ordinary Shares of £0.01 ("Ordinary Shares") each

 52,817

0.178

Lyndon Williams

Director - Sales and Marketing

Disposal of Ordinary Shares of £0.01 ("Ordinary Shares") each

64,921

0.178

 

Following the sale of Ordinary Shares as noted above Prince Nyati and Lyndon Williams no longer hold any Ordinary Shares in the Company.

 

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.  Prince Nyati

 

2.  Lyndon Williams

2

Reason for the notification

a)

Position/status

1.  Lemur Resources Chief Executive Officer

 

2.  Director - Sales and Marketing

b)

 

Initial notification /Amendment

Initial notification

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

instrument, type of instrument

 

Ordinary Shares of £0.01 each

 

 

b)

Identification code

ISIN: GG00B4TM3943

c)

Nature of the transaction

Sale of shares

d)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.

0.178

52,817

2.

0.178

64,921

 

e)

Aggregated information

- Aggregated volume

- Price

N/A (Single transaction)

f)

Date of the transaction

25 February 2021

g)

Place of the transaction

XLON

ENDS

 

Inquiries:  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 LLP

Nominated Adviser & Broker

+44 (0) 20 3470 0470

Richard Morrison /  Charlie Bouverat

 

 

G rant Barker  / Richard Parlons

 

 

 

 

 

Peel Hunt LLP

Joint Broker

+44 (0) 20 7418 8900

Ross Allister / Alexander Allen

 

 

 

 

 

BMO Capital Markets Limited

Joint Broker

+44 (0) 20 7236 1010

Tom Rider 

 

 

 

 

 

Tavistock

Financial PR

+44 (0) 20 7920 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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