Result of AGM

RNS Number : 2690V

Bushveld Minerals Limited

05 August 2020

 

5 August 2020

Bushveld Minerals Limited

("Bushveld Minerals", "Bushveld" or the "Company")

Annual General Meeting Results

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, 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 2019	186,324,377	5,000	29,816,380
2	To approve the Directors Fees as reflected in Remuneration Report and in Note 35 of the Annual Financial Statements	179,224,393	36,560,030	361,334
3	That Messrs RSM UK Audit LLP be reappointed as Auditors to the Company.	214,719,388	616,928	809,441
4	That the Directors be authorised to approve the remuneration of the Company's Auditors to the Company.	207,150,161	8,993,928	1,668
5	That Fortune Mojapelo shall be re-elected as a Director, having retired by rotation and offered himself for re-election.	215,213,941	621,736	310,080
6	That Ian Watson shall be re-elected as a Director, having retired by rotation and offered himself for re-election.	165,420,678	49,915,499	809,580
7	That Jeremy Friedlander shall be re-elected as a Director, having retired by rotation and offered himself for re-election.	166,220,678	49,915,499	9,580
8	That Tanya Chikanza shall be re-elected as a Director in accordance with Article 140 of the Articles, having been appointed by the Directors in October 2019.	215,330,369	5,808	809,580
9	That Dolly Mokgatle shall be re-elected as a Director in accordance with Article 140 of the Articles, having been appointed by the Directors in March 2020.	200,385,163	13,466,499	2,294,095
10	The Company be generally and unconditionally authorised for the purposes of Articles 50.3 of the Articles to make on market acquisitions.	216,004,044	141,225	488
11	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.	215,174,784	89,154	881,819
	SPECIAL RESOLUTION
10	If Resolution 11 is passed, 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 11.	178,385,993	37,663,101	96,663

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

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 at www.bushveldminerals.com .

 

END

 

 

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