Annual General Meeting Results

RNS Number : 2383E

Bushveld Minerals Limited

02 July 2019

 

2 July 2019

Bushveld Minerals Limited

("Bushveld Minerals" or the "Company")

Annual General Meeting Results

Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated primary vanadium producer, with ownership of high grade vanadium assets in South Africa, is pleased to announce that all resolutions put to shareholders at the Annual General Meeting held earlier today were duly passed.

No.	ORDINARY RESOLUTIONS	VOTES
		IN FAVOUR	AGAINST	WITHHELD
1	To receive and adopt the Annual Financial Statements of the Company and the Directors report and the report of the Auditors for the financial year ended 31 December 2018.	341,083,349	-	527,886
2	To approve the Directors Fees as reflected in Remuneration Report and in Note 35 of the Annual Financial Statements	335,992,063	5,529,181	89,991
3	That Messrs RSM UK Audit LLP be reappointed as Auditors to the Company.	340,545,693	309,677	755,865
4	That the Directors be authorised to approve the remuneration of the Company's Auditors to the Company.	335,190,478	5,889,148	531,609
5	That Michael Kirkwood shall be re-elected as a Director, having retired and offered himself for re-election.	335,772,899	5,527,945	310,391
6	That Anthony Viljoen shall be re-elected as a Director, having retired by rotation and offered himself for re-election	340,800,844	500,000	310,391
7	That Geoff Sproule shall be re-elected as a Director, having retired by rotation and offered himself for re-election.	334,272,899	5,527,945	1,810,391
8	The Company be generally and unconditionally authorised for the purposes of Articles 50.3 of the Articles to make on market acquisitions	341,593,907	8,000	9,328
9	That the Directors of the Company be and are hereby authorised to exercise all powers of the Company to issue, grant rights to subscribe for, or to convert any securities	340,480,659	8,000	1,122,576
SPECIAL RESOLUTION
10	That the Directors of the Company be and they are hereby authorised to exercise all powers of the Company to issue or grant Equity Securities in the capital of the Company pursuant to the issue or grant referred to in Resolution 9	340,360,659	8,000	1,242,576

Enquiries: [e-mail]

Bushveld Minerals		[phone]
Fortune Mojapelo, Chief Executive Officer
Chika Edeh, Head of Investor Relations
SP Angel Corporate Finance LLP	Nominated Adviser & Broker	[phone]
Ewan Leggat / Richard Morrison
Jonathan Williams / Richard Parlons
Alternative Resource Capital	Joint Broker
Rob Collins		[phone]
Alex Wood		[phone]
BMO Capital Markets Limited	Joint Broker	[phone]
Jeffrey Couch / Tom Rider Michael Rechsteiner / Neil Elliot
Tavistock	Financial PR
Charles Vivian / Gareth Tredway		[phone]
Brunswick	Financial PR (South Africa)
Miyelani Shikwambana		[phone]

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; 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. This incorporates development and promotion of the role of vanadium in the growing global energy storage market through Bushveld Energy, the Company's energy storage solutions provider. 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 ("VRFB").

While the Company's focus is on vanadium operations and the development and promotion of VRFBs, it has additional investments in coal, power and tin.

The Company's approach to project development recognises that, whilst attractive project economics are imperative, they are 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.

 

END

 

 

RAGUUSURKWABRAR