Director/PDMR Shareholding

RNS Number : 6503P

Bushveld Minerals Limited

18 February 2021

 

Market Abuse Regulation ("MAR") Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

18 February 2021

Bushveld Minerals Limited

("Bushveld Minerals" or the "Company")

PDMR Dealing

Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage solutions provider, with ownership of high-grade assets in South Africa ("Bushveld"), announces,  the disposal of shares by certain persons discharging managerial responsibilities ("PDMR") in the Company as follows:

Name	Role	Nature of transaction	Number of shares	Price per share (£)
Ian Watson	Independent Non-Executive Chairman	Disposal of Ordinary Shares of £0.01 ("Ordinary Shares") each	1,100,000	0.1693

The sale  has been undertaken to settle tax liabilities associated with the issue of Ordinary Shares to Mr Watson as announced on 8 August 2018.  Following the sale of Ordinary Shares as noted above Ian Watson now holds 2,455,000 Ordinary Shares in the Company respresenting 0.2% of the issued share capital of the Company.

PDMR Dealing

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

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	Ian Watson
2	Reason for the notification
a)	Position/status	Independent Non-Executive Chairman
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	Sale of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) 1. £0.1693 1,100,000
e)	Aggregated information - Aggregated volume - Price	N/A (Single transaction)
f)	Date of the transaction	17 February 2021
g)	Place of the transaction	XLON

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 /  Charlie Bouverat
Abigail Wayne / Richard Parlons
Peel Hunt LLP	Joint Broker	[phone]
Ross Allister / Alexander Allen
BMO Capital Markets Limited	Joint Broker	[phone]
Tom Rider
Tavistock	Financial PR	[phone]
Charles Vivian / Gareth Tredway  Edward Lee

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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