Bushveld Minerals Limited PCA Dealing (7227R)

TIDMBMN

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.

 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
  a)    Name                            The Alcock Family Trust 
      ------------------------------  ------------------------------------------------ 
        Reason for the notification 
   2 
      -------------------------------------------------------------------------------- 
  a)    Position/status                 PCA of Kevin Alcock, Independent Non-Executibe 
                                         Director 
      ------------------------------  ------------------------------------------------ 
  b)    Initial notification            Initial notification 
         /Amendment 
      ------------------------------  ------------------------------------------------ 
        Details of the issuer, emission allowance market participant, 
   3     auction platform, auctioneer, or auction monitor 
      -------------------------------------------------------------------------------- 
  a)    Name                            Bushveld Minerals Limited 
      ------------------------------  ------------------------------------------------ 
  b)    LEI                             213800GX3IGYRET8ZE57 
      ------------------------------  ------------------------------------------------ 
        Details of the transaction(s): section to be repeated for 
   4     (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 GBP0.01 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 
      ------------------------------  ------------------------------------------------ 
 

ENDS

Enquiries: [e-mail]

 
                                                        [phone] 
Bushveld Minerals Limited                                6555 
Fortune Mojapelo, Chief Executive 
 Officer 
Chika Edeh, Head of Investor 
 Relations 
 
SP Angel Corporate Finance          Nominated Adviser   [phone] 
 LLP                                 & Broker            0470 
Richard Morrison / Charlie 
 Bouverat 
Grant Baker / Richard Parlons 
 
                                                        [phone] 
RBC Capital Markets                 Joint Broker         4000 
Jonathan Hardy / Caitlin 
 Leopold 
 
Tavistock                           Financial PR 
Gareth Tredway / Tara Vivian-Neal                       [phone] 
 / Adam Baynes                                           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

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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END

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March 02, 2023 11:17 ET (16:17 GMT)