REG - Bushveld Minerals Ld - Director/PDMR Shareholding

Bushveld MineralsAnnouncement

19/02/2021 17:45

RNS Number : 8029P
  
Bushveld Minerals Limited
  
19 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.
 
19 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 Ordinary Shares by certain persons discharging managerial responsibilities ("PDMR") in the Company as follows:
 



Name


Role


Nature of transaction


Number of shares


Price per share (£)




Anthony Viljoen


Non-Executive Director


Disposal of Ordinary Shares of £0.01 ("Ordinary Shares") each


3,000,000


0.1706



*Anthony Viljoen now holds 5,666,667 Ordinary Shares in Bushveld directly and has a beneficial interest in a further 8,160,000 Ordinary Shares held through VM Investment Company (Pty) Ltd, a company in which he has a 50 per cent interest.
 
The sale has been undertaken to mainly settle tax liabilities associated with the issue of Ordinary Shares to Mr Viljoen as announced on 8 August 2018.  Following the sale of Ordinary Shares, as noted above, Anthony Viljoen now holds 9,746,667 Ordinary Shares in the Company respresenting 0.82% 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


Anthony Viljoen 




2


Reason for the notification




a)


Position/status


Non-Executive Director




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.


£0.1706


3,000,000








e)


Aggregated information
- Aggregated volume
- Price


N/A (Single transaction) 




f)


Date of the transaction


19 February 2021




g)


Place of the transaction


XLON



ENDS
  
Inquiries: info@bushveldminerals.com



Bushveld Minerals






+27 (0) 11 268 6555




Fortune Mojapelo, Chief Executive Officer












Chika Edeh, Head of Investor Relations


























SP Angel Corporate Finance LLP


Nominated Adviser & Broker


+44 (0) 20 3470 0470




Richard Morrison / Charlie Bouverat












Grant Barker / Richard Parlons


























Peel Hunt LLP


Joint Broker


+44 (0) 20 7418 8900




Ross Allister / Alexander Allen


























BMO Capital Markets Limited


Joint Broker


+44 (0) 20 7236 1010




Tom Rider 


























Tavistock


Financial PR


+44 (0) 20 7920 3150




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.
 
 

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