REG - Bushveld Minerals Ld - Director/PDMR Shareholding
RNS Number : 4220QBushveld Minerals Limited25 February 2021Market 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.
25 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 (£)
Prince Nyati
Lemur Resources Chief Executive Officer
Disposal of Ordinary Shares of £0.01 ("Ordinary Shares") each
52,817
0.178
Lyndon Williams
Director - Sales and Marketing
Disposal of Ordinary Shares of £0.01 ("Ordinary Shares") each
64,921
0.178
Following the sale of Ordinary Shares as noted above Prince Nyati and Lyndon Williams no longer hold any Ordinary Shares in 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
1. Prince Nyati
2. Lyndon Williams
2
Reason for the notification
a)
Position/status
1. Lemur Resources Chief Executive Officer
2. Director - Sales and Marketing
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.
0.178
52,817
2.
0.178
64,921
e)
Aggregated information
- Aggregated volume
- Price
N/A (Single transaction)
f)
Date of the transaction
25 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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