Bushveld Minerals Limited Director/PDMR Shareholding (4220Q)

TIDMBMN

RNS Number : 4220Q

Bushveld Minerals Limited

25 February 2021

Market Abuse Regulation ("MAR") Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

25 February 2021

Bushveld Minerals Limited

("Bushveld Minerals" or the "Company")

PDMR Dealing

Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage solutions provider, with ownership of high-grade assets in South Africa ("Bushveld"), announces the disposal of Ordinary Shares by certain persons discharging managerial responsibilities ("PDMR") in the Company as follows:

 
 Name               Role                    Nature of transaction    Number of   Price 
                                                                      shares      per share 
                                                                                  (GBP) 
                                            Disposal of Ordinary 
                    Lemur Resources          Shares of GBP0.01 
                     Chief Executive         ("Ordinary Shares") 
 Prince Nyati        Officer                 each                     52,817     0.178 
                   ----------------------  -----------------------  ----------  ----------- 
                                            Disposal of Ordinary 
                                             Shares of GBP0.01 
                    Director -               ("Ordinary Shares") 
 Lyndon Williams     Sales and Marketing     each                    64,921      0.178 
                   ----------------------  -----------------------  ----------  ----------- 
 

Following the sale of Ordinary Shares as noted above Prince Nyati and Lyndon Williams no longer hold any Ordinary Shares in the Company.

PDMR Dealing

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide 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                             1. Prince Nyati 
 
                                          2. Lyndon Williams 
      ---------------------------  ---------------------------------------- 
  2     Reason for the notification 
      --------------------------------------------------------------------- 
  a)    Position/status                  1. Lemur Resources Chief Executive 
                                          Officer 
 
                                          2. Director - Sales and Marketing 
      ---------------------------  ---------------------------------------- 
  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           Ordinary Shares of GBP0.01 each 
         financial 
         instrument, type of 
         instrument 
      ---------------------------  ---------------------------------------- 
  b)    Identification code          ISIN: GG00B4TM3943 
      ---------------------------  ---------------------------------------- 
  c)    Nature of the transaction    Sale of shares 
      ---------------------------  ---------------------------------------- 
  d)    Price(s) and volume(s)              Price(s)    Volume(s) 
                                       1.       0.178       52,817 
                                           ----------  ----------- 
                                       2.       0.178       64,921 
                                           ----------  ----------- 
      ---------------------------  ---------------------------------------- 
  e)    Aggregated information       N/A (Single transaction) 
         - Aggregated volume 
         - Price 
      ---------------------------  ---------------------------------------- 
  f)    Date of the transaction      25 February 2021 
      ---------------------------  ---------------------------------------- 
  g)    Place of the transaction     XLON 
      ---------------------------  ---------------------------------------- 
 

ENDS

Inquiries: [e-mail]

 
                                                          [phone] 
Bushveld Minerals                                          6555 
Fortune Mojapelo, Chief Executive 
 Officer 
Chika Edeh, Head of Investor 
 Relations 
 
                                      Nominated Adviser   [phone] 
SP Angel Corporate Finance LLP         & Broker            0470 
Richard Morrison / Charlie Bouverat 
G rant Barker / Richard Parlons 
 
                                                          [phone] 
Peel Hunt LLP                         Joint Broker         8900 
Ross Allister / Alexander Allen 
 
                                                          [phone] 
BMO Capital Markets Limited           Joint Broker         1010 
Tom Rider 
 
                                                          [phone] 
Tavistock                             Financial PR         3150 
Charles Vivian / Gareth Tredway 
 Edward Lee 
 
 

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 .

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END

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February 25, 2021 12:56 ET (17:56 GMT)