REG - Bushveld Minerals Ld - PCA Dealing

Bushveld MineralsAnnouncement

02/03/2023 16:32

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RNS Number : 7227R  Bushveld Minerals Limited  02 March 2023

 

2 March 2023

 

Bushveld Minerals Limited

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

PCA Dealing

Bushveld Minerals Limited (AIM: BMN), the integrated primary vanadium
producer and energy storage solutions provider, has been notified by the
Alcock Family Trust, a person closely associated ("PCA") to  Mr Kevin Alcock,
an independent non-executive director of the Company,  that it has received
580,000 ordinary shares of 1 pence each in the Company following the voluntary
liquidation of an investment company in which the Alcock Family trust was a
minority shareholder. The total number of shares now held directly by Mr
Alcock and the Alcock Family Trust is 3,035,809, which represents 0.24 per
cent of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides 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                                      The Alcock Family Trust
 2    Reason for the notification
 a)   Position/status                           PCA of Kevin Alcock, Independent Non-Executibe 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              Ordinary Shares of £0.01 each

      instrument, type of instrument

 b)   Identification code                       ISIN: GG00B4TM3943
 c)   Nature of the transaction                 Transfer of shares
 d)   Price(s) and volume(s)                    Price(s)  Volume(s)
                                                1.  Nil       580,000
 e)   Aggregated information                    N/A (Single transaction)

      - Aggregated volume

      - Price
 f)   Date of the transaction                   27 February 2023

e)

Aggregated information

- Aggregated volume

- Price

N/A (Single transaction)

f)

Date of the transaction

27 February 2023

 

ENDS

 

Enquiries: info@bushveldminerals.com

 Bushveld Minerals Limited                                                        +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 Baker / Richard Parlons

 RBC Capital Markets                              Joint Broker                    +44 (0) 20 7653 4000
 Jonathan Hardy / Caitlin Leopold

 Tavistock                                        Financial PR
 Gareth Tredway / Tara Vivian-Neal / Adam Baynes                                  +44 (0) 207 920 3150

 

 

ABOUT BUSHVELD MINERALS LIMITED

Bushveld Minerals is a low-cost, vertically integrated primary vanadium
producer. It is one of only three operating primary vanadium producers, owning
2 of the world's 4 operating primary vanadium processing facilities. In 2022,
the Company produced 3,842 mtV, representing more than 3% of the global
vanadium market. Bushveld Vanadium is targeting to grow its vanadium
production and achieve an annualised steady state production run rate of
between 5,000 mtVp.a. and 5,400 mtVp.a in the near term from existing
capacity. Growth plans to expand to 8,000 mtVp.a. will be pursued, subject to
funding and market conditions.With a diversified vanadium product portfolio
serving the needs of the steel, energy and chemical sectors, the Company
participates in the entire vanadium value chain through its two main pillars:
Bushveld Vanadium, which mines and processes vanadium ore; and Bushveld
Energy, an energy storage solutions provider.

 Bushveld Energy is focused on developing and promoting the role of vanadium
in the growing global energy storage market through the advancement of
vanadium-based energy storage systems, specifically Vanadium Redox Flow
Batteries ("VRFBs")

 

Detailed information on the Company and progress to date can be accessed on
the website www.bushveldminerals.com (http://www.bushveldminerals.com)

 

About Enerox

Enerox is an Austrian-based vanadium redox flow battery ("VRFB") manufacturer
that has invested more than 20 years of research and development into its
energy storage system, branded under the name CellCube. Its vanadium-based
technology is considered state-of-the-art in the battery market and has
already deployed more than 23 MWh via 130 systems across 5 continents.

 

About CellCube

CellCube designs and delivers sustainable and cost-effective energy storage
solutions for microgrid and grid scale-applications. The CellCube brand is a
leader in the energy storage eco-system and has developed a reputation for
client service, system reliability and technical innovation. It has a stack
and system production capacity and is focused on large commercial projects
using the new generation FB 500-2000 technology.

 

 

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