Holdings in Company

RNS Number : 5851I

Bushveld Minerals Limited

31 August 2016

 

31 August 2016

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Holdings in Company

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with a portfolio of vanadium, titanium, iron ore, tin and coal assets in Africa, notes the below TR1 Notification from Yellow Dragon Holdings Limited, which clarifies that it still holds the 25 million warrants over ordinary shares in the Company that it received as part of its participation in the placing announced by the Company on 3 June 2016.

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

Enquiries: [e-mail] 

Bushveld Minerals Fortune Mojapelo	[phone]
Strand Hanson Limited Andrew Emmott / Ritchie Balmer	[phone]
Mirabaud Securities LLP Rory Scott	[phone]
Beaufort Securities Limited Jon Belliss	[phone]
Tavistock Jos Simson/ Barney Hayward	[phone]
Lifa Communications (South Africa) Gabriella von Ille	[phone]

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			BUSHVELD MINERALS LIMITED
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		YELLOW DRAGON HOLDINGS LIMITED
4. Full name of shareholder(s)  (if different from 3.):iv		YELLOW DRAGON HOLDINGS LIMITED
5. Date of the transaction and date on which the threshold is crossed or reached: v		9 August 2016
6. Date on which issuer notified:		25 August 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

50,000,000

50,000,000

0

0

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

Warrants at £0.024

06/06/18

2 Years

25,000,000

4.05%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

25,000,000

4,05%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:
14. Contact name:	Andrew Fox Ansee Seebaluck
15. Contact telephone number:	+ 230 401 3200 or by email [e-mail] and [e-mail]

 

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