Market Abuse Regulation ("MAR") Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
21 December 2023
Bushveld Minerals Limited
("Bushveld" or the "Company")
Reminder to vote at the General Meeting
Bushveld Minerals Limited (AIM: BMN), the integrated primary vanadium producer, would like to remind all shareholders to vote on the resolutions set out in the Circular for the upcoming General Meeting on 27 December 2023.
For those shareholders that hold their Bushveld shares through a broker or other intermediary (non-registered/ beneficial shareholders), a completed voting instruction form should be deposited in accordance with the instructions printed on the form by no later than 10am (UK time) on 25 December 2023. Please contact your broker or intermediary for further instructions on how to vote, including through electronic means where available.
The Circular and Form of Proxy can be accessed using the following link: https://www.bushveldminerals.com/wp-content/uploads/2023/12/Circular-and-Form-Proxy.pdf
Board of Directors Recommendation
It is very important for all shareholders to vote at the upcoming General Meeting. Historically, voter turnout has been low, with a vast majority of the Company's retail investor base not electing to vote. The retail vote is very important to ensure retail shareholders are properly represented.
If the resolutions do not pass, the Company will not benefit from the funds that have been conditionally raised and are available to it by the end of this month to normalise creditor payment terms with key suppliers, which would in turn lead to disruption in the operation of the vanadium mining and processing businesses. Failure of the resolutions being approved would also result in the pre-agreed Orion convertible loan note restructuring not completing and the existing Orion debt becoming due on 31 January 2024. Failing to vote, or voting against the resolutions could therefore seriously jeopardise the value of the shareholders' investment in the Company and the Board of Directors recommends that all shareholders vote in favour of the resolutions at the upcoming General Meeting,
Enquiries: info@Bushveldminerals.com
| Bushveld Minerals Limited | | +27 (0) 11 268 6555 |
| Craig Coltman, Chief Executive Officer | | |
| Chika Edeh, Head of Investor Relations | | |
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| SP Angel Corporate Finance LLP | Nominated Adviser, Joint Broker & Joint Bookrunner | +44 (0) 20 3470 0470 |
| Richard Morrison / Charlie Bouverat |
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| Grant Barker / Richard Parlons |
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| Hannam & Partners | Joint Broker & Joint Bookrunner | +44 (0) 20 7907 8500 |
| Andrew Chubb / Matt Hasson / Jay Ashfield |
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| Tavistock | Financial PR | +44 (0) 207 920 3150 |
| Gareth Tredway / Tara Vivian-Neal / James Whitaker | | |
ENDS
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a vertically integrated primary vanadium producer, it is one of only three operating primary vanadium producers. In 2022, the Company produced more than 3,800 mtV, representing approximately three per cent of the global vanadium market. With a diversified vanadium product portfolio serving the needs of the steel, energy and chemical sectors.
Detailed information on the Company and progress to date can be accessed on the website www.bushveldminerals.com
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