Purchase of shares in Close Period

RNS Number : 7713A

Bushveld Minerals Limited

30 September 2015

 



30 September 2015

Bushveld Minerals Limited

("Bushveld" or the "Company")

Purchase of shares in Close Period

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Africa, today announces that the Company is about to enter a close period ahead of the publication of half yearly results for the half year ended 31 August 2015 (the "Close Period").

Pursuant to the share buyback authority approved by shareholders at the AGM on 23 September 2015, the Board has granted authority to the Company's broker, Mirabaud Securities LLP, to purchase the Company's ordinary shares ("Ordinary Shares") in the market during the Close Period. Subject to availability in the market, any Ordinary Shares purchased during the Close Period will be held in treasury.

The authority granted is irrevocable and non-discretionary and during the Close Period the Company has no power to invoke any changes to the authority and any purchases will be undertaken at the sole discretion of Mirabaud Securities LLP, who is acting independently of, and uninfluenced by, the Company.

Any Ordinary Shares purchased pursuant to these arrangements will be carried out within certain pre-set parameters and in accordance with applicable law and the limitations of the share purchase authority approved at the last Annual General Meeting of shareholders.

Enquiries: [e-mail]

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

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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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