Transaction in Own Shares

RNS Number : 9317P

Bushveld Minerals Limited

23 February 2016

 

23 February 2016

Bushveld Minerals Limited

("Bushveld" or the "Company")

Transactions in Own Shares

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Africa, advises that, following a decision to discontinue its share buy back programme, it has decided to dispose of the shares acquired and held in treasury prior to 2016 year end, being 29 February 2016.  The company confirms the following transactions by the Company in its own shares, in addition to the 720,000 shares purchased in October 2015.

Date	Purchase/Sale	Number of shares	Price
9 November 2015	Purchase	200,000	3.1573p
13 November 2015	Purchase	300,000	3.0918p
20 November 2015	Purchase	200,000	2.85p
3 December 2015	Purchase	250,000	2.99p
16 February 2016	Sale	250,000	2.6p
17 February 2016	Sale	375,000	2.6p
18 February 2016	Sale	375,000	2.6p

The purchases were made by the Company's Broker Mirabaud Securities LLP ("Mirabaud"), pursuant to the authority granted to Mirabaud as detailed in the announcement of 30 September 2015.  Shares purchased are held in Treasury and all of the sales have been of treasury shares.

Following this transaction, the issued share capital of the Company will be 486,337,438 Ordinary Shares of which 670,000 Ordinary Shares are held in Treasury.

For reporting purposes, the market should exclude any shares held in Treasury and should use the figure of 485,667,438 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

Enquiries: [e-mail]

Bushveld Minerals Fortune Mojapelo	[phone]
Strand Hanson Limited Andrew Emmott	[phone]
Mirabaud Securities LLP Rory Scott	[phone]
Brandon Hill Capital Oliver Stansfield	[phone]
Tavistock Jos Simson/ Nuala Gallagher	[phone]
Russell & Associates Jane Kamau-Appiah/James Duncan	[phone]

- ENDS -

Notes to editors

Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore, tin and coal assets in Southern Africa and Madagascar.

The Group owns the Bushveld Vanadium Project, Mokopane Vanadium Project, Bushveld Iron Ore Project and Mokopane Tin Project, located on the northern limb of the Bushveld Complex, South Africa. Bushveld also owns the Imaloto coal project in Madagascar, acquired in September, 2015, through its takeover of Lemur Resources.

Bushveld was admitted to the AIM of the London Stock Exchange in March 2012.

 

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