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Share Name Share Symbol Market Type Share ISIN Share Description
Bushveld Minerals Limited LSE:BMN London Ordinary Share GG00B4TM3943 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.125 0.94% 13.375 13.00 13.75 13.75 12.75 13.25 5,902,544 12:12:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 87.9 62.8 4.2 3.2 150

Bushveld Minerals Limited Director/PDMR Shareholding

21/07/2020 12:55pm

UK Regulatory (RNS & others)


Bushveld Minerals (LSE:BMN)
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From Apr 2020 to Oct 2020

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TIDMBMN

RNS Number : 6519T

Bushveld Minerals Limited

21 July 2020

21 July 2020

Bushveld Minerals Limited

("Bushveld Minerals" or the "Company")

Director/PDMR Shareholding

Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage provider, with ownership of high-grade assets in South Africa, ("Bushveld"), announces that on 20 July 2020 the following nominal-cost share awards over ordinary shares of 1p (the "Bonus Award") each in the Company were granted under the Conditional Share Plan (the "CSP"), which was described in the remuneration report of the Company's December 2018 and December 2019 annual reports, to certain directors and persons discharging managerial responsibilities ("PDMRs") as follows:

 
 PDMR                 Position                                   Bonus Awards 
 Fortune Mojapelo     Group Chief Executive Officer                   880,745 
                     -----------------------------------  ------------------- 
                      Bushveld Energy Chief Executive 
 Mikhail Nikomarov     Officer                                        238,779 
                     -----------------------------------  ------------------- 
                      Lemur Resources Chief Executive 
 Prince Nyati          Officer                                        199,277 
                     -----------------------------------  ------------------- 
 Kenneth Greve        Director - Corporate Development                312,828 
                     -----------------------------------  ------------------- 
                      Director - Strategy and Corporate 
 Sihle Mdluli          Services                                       169,038 
                     -----------------------------------  ------------------- 
 Lyndon Williams      Director - Sales and Marketing                  244,961 
                     -----------------------------------  ------------------- 
                      General Manager - Bushveld 
 Bertina Symonds       Vametco                                        231,249 
                     -----------------------------------  ------------------- 
 

These Bonus Awards are linked to Short Term Incentive Performance and are subject to a three-year vesting period (between 20 July 2020 to 19 July 2023) and subject to continued employment, but not subject to forward looking performance vesting conditions.

S

Inquiries: info@bushveldminerals.com

 
                                                                  +27 (0) 11 268 
Bushveld Minerals                                                  6555 
Fortune Mojapelo, Chief Executive 
 Officer 
Chika Edeh, Head of Investor 
 Relations 
 
SP Angel Corporate Finance                                        +44 (0) 20 3470 
 LLP                                Nominated Adviser & Broker     0470 
Richard Morrison / Soltan 
 Tagiev 
Abigail Wayne / Richard Parlons 
 
                                                                  +44 (0) 20 7418 
Peel Hunt LLP                       Joint Broker                   8900 
Ross Allister / Alexander 
 Allen 
 
                                                                  +44 (0) 20 7236 
BMO Capital Markets Limited         Joint Broker                   1010 
Tom Rider / Michael Rechsteiner 
 Neil Elliot 
 
                                                                  +44 (0) 20 7920 
Tavistock                           Financial PR                   3150 
Charles Vivian / Gareth Tredway 
 Edward Lee 
 
                                                                  +27 (0) 11 502 
Brunswick                           Financial PR (South Africa)    7300 
Miyelani Shikwambana 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

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. Fortune Mojapelo 
                                             2. Mikhail Nikomarov 
                                             3. Prince Nyati 
                                             4. Kenneth Greve 
                                             5. Sihle Mdluli 
                                             6. Lyndon Williams 
                                             7. Bertina Symonds 
      ------------------------------  -------------------------------------------- 
  2     Reason for the notification 
      ---------------------------------------------------------------------------- 
  a)    Position/status                     1. Chief Executive Officer 
                                             2. Bushveld Energy Chief Executive 
                                             Officer 
                                             3. Lemur Resources Chief Executive 
                                             Officer 
                                             4. Director - Corporate Development 
                                             5. Director - Strategy and Corporate 
                                             Services 
                                             6. Director - Sales and Marketing 
                                             7. General Manager - Bushveld Vametco 
      ------------------------------  -------------------------------------------- 
  b)    Initial notification            Initial notification 
         /Amendment 
      ------------------------------  -------------------------------------------- 
  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 GBP0.01 each 
         instrument, type of 
         instrument 
      ------------------------------  -------------------------------------------- 
  b)    Identification code             ISIN: GG00B4TM3943 
      ------------------------------  -------------------------------------------- 
  c)    Nature of the transaction       Grant of Options in the form of nil-cost 
                                         options over ordinary shares in the 
                                         Company 
      ------------------------------  -------------------------------------------- 
  d)    Price(s) and volume(s)                Price(s)    Volume(s) 
                                         1.         Nil      880 745 
                                             ----------  ----------- 
                                         2.         Nil      238 779 
                                             ----------  ----------- 
                                         3.         Nil      199 277 
                                             ----------  ----------- 
                                         4.         Nil      312 828 
                                             ----------  ----------- 
                                         5.         Nil      169 038 
                                             ----------  ----------- 
                                         6.         Nil      244 961 
                                             ----------  ----------- 
                                         7.         Nil      231 249 
                                             ----------  ----------- 
      ------------------------------  -------------------------------------------- 
  e)    Aggregated information          N/A (Single transaction) 
         - Aggregated volume 
         - Price 
      ------------------------------  -------------------------------------------- 
  f)    Date of the transaction         20 July 2020 
      ------------------------------  -------------------------------------------- 
  g)    Place of the transaction        Outside of a trading venue 
      ------------------------------  -------------------------------------------- 
 

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 .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 21, 2020 07:55 ET (11:55 GMT)

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