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DJ Bushveld Minerals Limited Annual General Meeting Results

TIDMBMN

RNS Number : 2383E

Bushveld Minerals Limited

02 July 2019

2 July 2019

Bushveld Minerals Limited

("Bushveld Minerals" or the "Company")

Annual General Meeting Results

Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated primary vanadium producer, with ownership of high grade vanadium 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 31 December 
  1     2018.                                         341,083,349           -     527,886 
      ---------------------------------------------  ------------  ----------  ---------- 
       To approve the Directors Fees as 
        reflected in Remuneration Report 
        and in Note 35 of the Annual Financial 
  2     Statements                                    335,992,063   5,529,181      89,991 
      ---------------------------------------------  ------------  ----------  ---------- 
       That Messrs RSM UK Audit LLP be 
        reappointed as Auditors to the 
  3     Company.                                      340,545,693     309,677     755,865 
      ---------------------------------------------  ------------  ----------  ---------- 
       That the Directors be authorised 
        to approve the remuneration of 
  4     the Company's Auditors to the Company.        335,190,478   5,889,148     531,609 
      ---------------------------------------------  ------------  ----------  ---------- 
       That Michael Kirkwood shall be 
        re-elected as a Director, having 
        retired and offered himself for 
  5     re-election.                                  335,772,899   5,527,945     310,391 
      ---------------------------------------------  ------------  ----------  ---------- 
       That Anthony Viljoen shall be re-elected 
        as a Director, having retired by 
        rotation and offered himself for 
  6     re-election                                   340,800,844     500,000     310,391 
      ---------------------------------------------  ------------  ----------  ---------- 
       That Geoff Sproule shall be re-elected 
        as a Director, having retired by 
        rotation and offered himself for 
  7     re-election.                                  334,272,899   5,527,945   1,810,391 
      ---------------------------------------------  ------------  ----------  ---------- 
       The Company be generally and unconditionally   341,593,907       8,000       9,328 
        authorised for the purposes of 
        Articles 50.3 of the Articles to 
  8     make on market acquisitions 
      ---------------------------------------------  ------------  ----------  ---------- 
       That the Directors of the Company 
        be and are hereby authorised to 
        exercise all powers of the Company 
        to issue, grant rights to subscribe 
  9     for, or to convert any securities             340,480,659       8,000   1,122,576 
      ---------------------------------------------  ------------  ----------  ---------- 
           SPECIAL RESOLUTION 
----------------------------------------------------------------------------------------- 
       That 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 
 10     to in Resolution 9                            340,360,659       8,000   1,242,576 
      ---------------------------------------------  ------------  ----------  ---------- 
 

Enquiries: 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                                        +44 (0) 20 3470 
 LLP                                Nominated Adviser & Broker     0470 
Ewan Leggat / Richard Morrison 
Jonathan Williams / Richard 
 Parlons 
 
Alternative Resource Capital        Joint Broker 
                                                                  +44 (0) 20 7186 
Rob Collins                                                        9001 
                                                                  +44 (0) 20 7186 
Alex Wood                                                          9004 
 
                                                                  +44 (0) 20 7236 
BMO Capital Markets Limited         Joint Broker                   1010 
Jeffrey Couch / Tom Rider 
 Michael Rechsteiner / Neil 
 Elliot 
 
Tavistock                           Financial PR 
                                                                  +44 (0) 20 7920 
Charles Vivian / Gareth Tredway                                    3150 
 
Brunswick                           Financial PR (South Africa) 
Miyelani Shikwambana                                              +27 (0) 11 502 7300 
 

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; 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. This incorporates development and promotion of the role of vanadium in the growing global energy storage market through Bushveld Energy, the Company's energy storage solutions provider. 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 ("VRFB").

While the Company's focus is on vanadium operations and the development and promotion of VRFBs, it has additional investments in coal, power and tin.

The Company's approach to project development recognises that, whilst attractive project economics are imperative, they are 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 02, 2019 09:00 ET (13:00 GMT)