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Bushveld Minerals Ld - Result of AGM

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.

 

No.

ORDINARY RESOLUTIONS

VOTES

IN FAVOUR

AGAINST

WITHHELD

1

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 31 December 2019

      186,324,377

          5,000

    29,816,380

2

To approve the Directors Fees as reflected in Remuneration Report and in Note 35 of the Annual Financial Statements

      179,224,393

  36,560,030

        361,334

3

That Messrs RSM UK Audit LLP be reappointed as Auditors to the Company.

      214,719,388

       616,928

        809,441

4

That the Directors be authorised to approve the remuneration of the Company's Auditors to the Company.

      207,150,161

    8,993,928

            1,668

5

That Fortune Mojapelo shall be re-elected as a Director, having retired by rotation and offered himself for re-election.

      215,213,941

       621,736

        310,080

6

That Ian Watson shall be re-elected as a Director, having retired by rotation and offered himself for re-election.

      165,420,678

  49,915,499

        809,580

7

That Jeremy Friedlander shall be re-elected as a Director, having retired by rotation and offered himself for re-election.

      166,220,678

  49,915,499

            9,580

8

That Tanya Chikanza shall be re-elected as a Director in accordance with Article 140 of the Articles, having been appointed by the Directors in October 2019.

      215,330,369

          5,808

        809,580

9

That Dolly Mokgatle shall be re-elected as a Director in accordance with Article 140 of the Articles, having been appointed by the Directors in March 2020.

      200,385,163

  13,466,499

      2,294,095

10

The Company be generally and unconditionally authorised for the purposes of Articles 50.3 of the Articles to make on market acquisitions.

      216,004,044

       141,225

               488

11

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 any securities.

      215,174,784

        89,154

        881,819


 SPECIAL RESOLUTION

10

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 in Resolution 11.

      178,385,993

  37,663,101

          96,663

 

 

 

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



 

 

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

Price: 11.625

Market: LSE
Market Cap: £134.03 m
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