TIDMBMN
RNS Number : 2690V
Bushveld Minerals Limited
05 August 2020
5 August 2020
Bushveld Minerals Limited
("Bushveld Minerals", "Bushveld" or the "Company")
Annual General Meeting Results
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, is pleased to
announce that all resolutions put to shareholders at the Annual
General Meeting held earlier today were duly passed.
VOTES
------------------------------------------------------
No. ORDINARY RESOLUTIONS IN FAVOUR AGAINST WITHHELD
----------------- --------------- ------------------
To receive and adopt the Annual
Financial Statements of the
Company and the Directors report
and the report of the Auditors
for the financial year ended
1 31 December 2019 186,324,377 5,000 29,816,380
-------------------------------------- ----------------- --------------- ------------------
To approve the Directors Fees
as reflected in Remuneration
Report and in Note 35 of the
2 Annual Financial Statements 179,224,393 36,560,030 361,334
-------------------------------------- ----------------- --------------- ------------------
That Messrs RSM UK Audit LLP
be reappointed as Auditors
3 to the Company. 214,719,388 616,928 809,441
-------------------------------------- ----------------- --------------- ------------------
That the Directors be authorised
to approve the remuneration
of the Company's Auditors to
4 the Company. 207,150,161 8,993,928 1,668
-------------------------------------- ----------------- --------------- ------------------
That Fortune Mojapelo shall
be re-elected as a Director,
having retired by rotation
5 and offered himself for re-election. 215,213,941 621,736 310,080
-------------------------------------- ----------------- --------------- ------------------
That Ian Watson shall be re-elected
as a Director, having retired
by rotation and offered himself
6 for re-election. 165,420,678 49,915,499 809,580
-------------------------------------- ----------------- --------------- ------------------
That Jeremy Friedlander shall
be re-elected as a Director,
having retired by rotation
7 and offered himself for re-election. 166,220,678 49,915,499 9,580
-------------------------------------- ----------------- --------------- ------------------
That Tanya Chikanza shall be
re-elected as a Director in
accordance with Article 140
of the Articles, having been
appointed by the Directors
8 in October 2019. 215,330,369 5,808 809,580
-------------------------------------- ----------------- --------------- ------------------
That Dolly Mokgatle shall be
re-elected as a Director in
accordance with Article 140
of the Articles, having been
appointed by the Directors
9 in March 2020. 200,385,163 13,466,499 2,294,095
-------------------------------------- ----------------- --------------- ------------------
The Company be generally and
unconditionally authorised
for the purposes of Articles
50.3 of the Articles to make
10 on market acquisitions. 216,004,044 141,225 488
-------------------------------------- --------------- ------------------
The Directors of the Company
be and are hereby authorised
to exercise all powers of the
Company to issue, grant rights
to subscribe for, or to convert
11 any securities. 215,174,784 89,154 881,819
-------------------------------------- --------------- ------------------
SPECIAL RESOLUTION
---- ----------------------------------------------------------------------------------------------
If Resolution 11 is passed,
the Directors of the Company
be and they are hereby authorised
to exercise all powers of the
Company to issue or grant Equity
Securities in the capital of
the Company pursuant to the
issue or grant referred to
10 in Resolution 11. 178,385,993 37,663,101 96,663
-------------------------------------- --------------- ------------------
ENDS
Inquiries: info@bushveldminerals.com
Bushveld Minerals +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 / Soltan
Tagiev
Abigail Wayne / Richard Parlons
Peel Hunt LLP Joint Broker +44 (0) 20 7418 8900
Ross Allister / Alexander
Allen
BMO Capital Markets Limited Joint Broker +44 (0) 20 7236 1010
Tom Rider/ Michael Rechsteiner
/
Neil Elliot
Tavistock Financial PR +44 (0) 20 7920 3150
Charles Vivian / Gareth Tredway
/
Edward Lee
Brunswick Financial PR (South Africa) +27 (0) 11 502 7300
Miyelani Shikwambana
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 at 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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