REG - Bushveld Minerals Ld - Appointment of Liquidators & Resignation of Nomad

Bushveld MineralsAnnouncement

15/04/2025 16:30

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RNS Number : 1586F  Bushveld Minerals Limited  15 April 2025

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

15 April 2025

Bushveld Minerals Limited

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

Appointment of Liquidators and Resignation of Nominated Adviser

Further to the announcement of 11 April 2025, the Commercial Court of Guernsey
has appointed Adrian Rabet and Clive Fortis of Begbies Traynor Group as joint
liquidators of Bushveld.

Consequently, SP Angel Corporate Finance LLP has resigned as nominated adviser
and broker to Bushveld with immediate effect. Pursuant to AIM Rule 1, if a
replacement nominated adviser is not appointed within one month from the
resignation of the current nominated adviser, the admission of the Company's
shares to trading on AIM will be cancelled. The Company currently has no
intention of appointing a replacement nominated adviser.

The Ordinary Shares remain suspended from trading on AIM.

Notwithstanding the appointment of liquidators, the Company has been in
negotiations with third parties regarding the potential sale of the Company's
energy assets and those processes will now be led by the joint liquidators.
However, there is no guarantee that such negotiations will successfully
conclude.

 

Enquiries :   adrian.rabet@btguk.com (mailto:adrian.rabet@btguk.com) or
clive.fortis@btguk.com (mailto:clive.fortis@btguk.com)

 Begbies Traynor
 Adrian Rabet / Clive Fortis  Appointed Liquidator  +44 (0)1534 618946 or +44  (0)1481  711266

ENDS

 

 

 

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