Director/PDMR Shareholding

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
Mikhail Nikomarov	Bushveld Energy Chief Executive Officer	238,779
Prince Nyati	Lemur Resources Chief Executive Officer	199,277
Kenneth Greve	Director - Corporate Development	312,828
Sihle Mdluli	Director - Strategy and Corporate Services	169,038
Lyndon Williams	Director - Sales and Marketing	244,961
Bertina Symonds	General Manager - Bushveld 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.

ENDS

Inquiries: [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]
Richard Morrison / Soltan Tagiev
Abigail Wayne / Richard Parlons
Peel Hunt LLP	Joint Broker	[phone]
Ross Allister / Alexander Allen
BMO Capital Markets Limited	Joint Broker	[phone]
Tom Rider / Michael Rechsteiner  Neil Elliot
Tavistock	Financial PR	[phone]
Charles Vivian / Gareth Tredway  Edward Lee
Brunswick	Financial PR (South Africa)	[phone]
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 /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	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 - Aggregated volume - Price	N/A (Single transaction)
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 .

 

END

 

 

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