REG - Bushveld Minerals Ld - Reminder to vote at the General Meeting

Bushveld MineralsAnnouncement

21/12/2023 07:15

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RNS Number : 5946X  Bushveld Minerals Limited  21 December 2023

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.

 

21 December 2023

Bushveld Minerals Limited

("Bushveld" or the "Company")

Reminder to vote at the General Meeting

 

Bushveld Minerals Limited (AIM: BMN), the integrated primary vanadium
producer, would like to remind all shareholders to vote on the resolutions set
out in the Circular for the upcoming General Meeting on 27 December 2023.

 

For those shareholders that hold their Bushveld shares through a broker or
other intermediary (non-registered/ beneficial shareholders), a completed
voting instruction form should be deposited in accordance with the
instructions printed on the form by no later than 10am (UK time) on 25
December 2023. Please contact your broker or intermediary for further
instructions on how to vote, including through electronic means where
available.

 

The Circular and Form of Proxy can be accessed using the following link:
https://www.bushveldminerals.com/wp-content/uploads/2023/12/Circular-and-Form-Proxy.pdf
(https://www.bushveldminerals.com/wp-content/uploads/2023/12/Circular-and-Form-Proxy.pdf)

Board of Directors Recommendation

It is very important for all shareholders to vote at the upcoming General
Meeting. Historically, voter turnout has been low, with a vast majority of the
Company's retail investor base not electing to vote. The retail vote is very
important to ensure retail shareholders are properly represented.

 

If the resolutions do not pass, the Company will not benefit from the funds
that have been conditionally raised and are available to it by the end of this
month to normalise creditor payment terms with key suppliers, which would in
turn lead to disruption in the operation of the vanadium mining and processing
businesses. Failure of the resolutions being approved would also result in the
pre-agreed Orion convertible loan note restructuring not completing and the
existing Orion debt becoming due on 31 January 2024. Failing to vote, or
voting against the resolutions could therefore seriously jeopardise the value
of the shareholders' investment in the Company and the Board of Directors
recommends that all shareholders vote in favour of the resolutions at the
upcoming General Meeting,

 

Enquiries: info@Bushveldminerals.com (mailto:info@Bushveldminerals.com)

 Bushveld Minerals Limited                                                                                       +27 (0) 11 268 6555
 Craig Coltman, Chief Executive Officer
 Chika Edeh, Head of Investor Relations

 SP Angel Corporate Finance LLP                          Nominated Adviser, Joint Broker & Joint Bookrunner      +44 (0) 20 3470 0470
 Richard Morrison / Charlie Bouverat
 Grant Barker / Richard Parlons

 Hannam & Partners                                       Joint Broker & Joint Bookrunner                         +44 (0) 20 7907 8500
 Andrew Chubb / Matt Hasson / Jay Ashfield

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

 

 

 

ENDS

 

 

ABOUT BUSHVELD MINERALS LIMITED

Bushveld Minerals is a vertically integrated primary vanadium producer, it is
one of only three operating primary vanadium producers. In 2022, the Company
produced more than 3,800 mtV, representing approximately three per cent of the
global vanadium market. With a diversified vanadium product portfolio serving
the needs of the steel, energy and chemical sectors.

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

 

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