Bushveld Minerals Limited Result of AGM (1044I)
02 August 2023 - 3:29PM
UK Regulatory
TIDMBMN
RNS Number : 1044I
Bushveld Minerals Limited
02 August 2023
2 August 2023
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, announces that all
ordinary 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 98 533
1 year ended 31 December 2022. 384 90 204 1 397 262
--------------------------------------------- ---------- -------- ----------
To approve the Directors' fees as
reflected in the Remuneration Report
and in note 35 of the Annual Financial 94 251 4 821
2 Statements. 126 496 948 228
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That Messrs RSM UK Audit LLP be 98 407
3 reappointed as Auditors to the Company. 596 565 752 1 047 502
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That the Directors be authorised
to approve the remuneration of the 98 188
4 Company's Auditors. 877 785 554 1 046 419
--------------------------------------------- ---------- -------- ----------
That Michael Kirkwood shall be re-elected
as a Director, having retired by
rotation and offered himself for 93 991 4 407
5 re-election. 307 531 1 622 012
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That Kevin Alcock shall be re-elected
as a Director, having retired by
rotation and offered himself for 96 996 1 402
6 re-election. 430 408 1 622 012
--------------------------------------------- ---------- -------- ----------
That Craig Coltman shall be re-elected
as a Director in accordance with
Article 140 of the Articles, having
been appointed by the Directors 97 963 1 036
7 in July 2023. 133 196 1 021 521
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The Company be generally and unconditionally
authorised for the purposes of Articles
50.3 of the Articles to make on
market acquisitions (as defined
in Article 50.5 of the Articles)
of ordinary shares on such terms
and in such manner as the Directors
determine provided that:
(i) the maximum aggregate number
of ordinary shares which may be
purchased is 128,781,828 ordinary
shares;
(ii) the minimum price (excluding
expenses) which may be paid for
each ordinary share is GBP0.01;
(iii) the maximum price (excluding
expenses) which may be paid for
any ordinary share does not exceed
105 percent of the average closing
price of such shares for the five
business days of AIM prior to the
date of purchase; and
(iv) this authority shall expire
at the conclusion of the next Annual
General Meeting of the Company unless
such authority is renewed prior
to that time (except in relation
the purchase of Ordinary Shares
the contract for which was concluded
before the expiry of such authority,
in which case such purchase may
be concluded wholly or partly after 97 900
8 such expiry). 593 733 945 1 386 312
--------------------------------------------- ---------- -------- ----------
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 into,
up to 429,272,760 shares (together
"Equity Securities") in the capital
of the Company being approximately
one- third of the issued share capital
of the Company (excluding treasury
shares) in accordance with Article
8.3 of the Articles of Incorporation
of the Company such authority to
expire, unless previously renewed,
revoked or varied by the Company
by ordinary resolution, at the end
of the next Annual General Meeting
of the Company or, if earlier, at
the close of business on the date
falling 15 months from the date
of the passing of this Resolution,
but in each case, during this period
the Company may make offers, and
enter into agreements, which would,
or might, require Equity Securities
to be issued or granted after the
authority given to the Directors
of the Company pursuant to this
Resolution ends and the Directors
of the Company may issue or grant
Equity Securities under any such
offer or agreement as if the authority
given to the Directors of the Company
pursuant to this Resolution had
not ended. This Resolution is in
substitution for all unexercised
authorities previously granted to
the Directors of the Company to
issue or grant Equity Securities; 92 717 5 870
9 and 716 756 1 387 378
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SPECIAL RESOLUTIONS
--------------------------------------------- ---------- -------- ----------
10 If Resolution 9 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
9 as if the pre-emption rights contained
in Article 9.9 of the Articles of
Incorporation of the Company did
not apply to such issue or grant
provided that: (A) the maximum aggregate
number of Equity Securities that
may be issued or granted under this
authority is 128,781,828 shares,
being approximately 10.0 percent
of the issued share capital of the
Company (excluding treasury shares);
and (B) the authority hereby conferred,
unless previously renewed, revoked
or varied by the Company by special
resolution, shall expire at the
end of the next Annual General Meeting
of the Company or, if earlier, at
the close of business on the date
falling 15 months from the date
of the passing of this Resolution,
save that the Company may before
such expiry make an offer or agreement
which would or might require Equity
Securities to be issued or granted
after such expiry and the Directors
may issue or grant Equity Securities
in pursuance of such an offer or
agreement as if the authority conferred
by the above resolution had not
expired. This Resolution is in substitution
for all unexercised authorities
previously granted to the Directors
of the Company to issue or grant
Equity Securities in the capital
of the Company as if the pre-emption
rights contained in Article 9.9
of the Articles of Incorporation
of the Company did not apply to 92 428 5 893
such issue or grant. 510 134 1 699 206
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Enquiries: info@bushveldminerals.com
Bushveld Minerals Limited +27 (0) 11 268 6555
Craig Coltman, Chief Executive
Officer
Chika Edeh, Head of Investor Relations
Nominated Adviser
SP Angel Corporate Finance LLP & Broker +44 (0) 20 3470 0470
Richard Morrison / Charlie Bouverat
Grant Baker / Richard Parlons
RBC Capital Markets Joint Broker +44 (0) 20 7653 4000
Jamil Miah / Sahil Suleman
Tavistock Financial PR
Gareth Tredway / Tara Vivian-Neal/
James Whitaker +44 (0) 207 920 3150
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a low-cost, vertically integrated primary
vanadium producer. It is one of only three operating primary
vanadium producers, owning 2 of the world's 4 operating primary
vanadium processing facilities. 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, the Company participates in the entire vanadium value
chain through its two main pillars: Bushveld Vanadium, which mines
and processes vanadium ore; and Bushveld Energy, an energy storage
solutions provider.
Bushveld Energy is focused on developing and promoting the role
of vanadium in the growing global energy storage market through the
advancement of vanadium-based energy storage systems, specifically
Vanadium Redox Flow Batteries ("VRFBs").
Detailed information on the Company and progress to date can be
accessed on the website www.bushveldminerals.com
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END
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