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Bushveld Minerals Ld - Director/PDMR Shareholding

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

Mikhail Nikomarov

Bushveld Energy Chief Executive Officer

                           238,779

Prince Nyati

Lemur Resources Chief Executive Officer

 199,277

Kenneth Greve

Director - Corporate Development

312,828

Sihle Mdluli

Director - Strategy and Corporate Services

169,038

Lyndon Williams

Director - Sales and Marketing

244,961

Bertina Symonds

General Manager - Bushveld 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.

ENDS

 

Inquiries: [email protected]

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



 

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 /Amendment

Initial notification

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

instrument, type of instrument

 

Ordinary Shares of £0.01 each

 

 

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

- Aggregated volume

- Price

N/A (Single transaction)

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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Bushveld Minerals Ltd

Price: 11.625

Market: LSE
Market Cap: £134.03 m
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