Source - RNS
RNS Number : 5851I
Bushveld Minerals Limited
31 August 2016
 

31 August 2016

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Holdings in Company

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with a portfolio of vanadium, titanium, iron ore, tin and coal assets in Africa, notes the below TR1 Notification from Yellow Dragon Holdings Limited, which clarifies that it still holds the 25 million warrants over ordinary shares in the Company that it received as part of its participation in the placing announced by the Company on 3 June 2016.

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

 

Enquiries: [email protected] 

Bushveld Minerals

Fortune Mojapelo

 

+27 (0) 11 268 6555

Strand Hanson Limited

Andrew Emmott / Ritchie Balmer

 

+44 (0) 20 7409 3494

Mirabaud Securities LLP

Rory Scott

 

+44 (0) 20 7878 3360

Beaufort Securities Limited

Jon Belliss                                                          

 

+44 (0) 20 7382 8300

Tavistock

Jos Simson/ Barney Hayward

 

+44 (0) 20 7920 3150

Lifa Communications (South Africa)

Gabriella von Ille

 

 +27 (0) 711 121 907

 

 

 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

BUSHVELD MINERALS LIMITED 

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


An event changing the breakdown of voting rights


Other (please specify):



3. Full name of person(s) subject to the
notification obligation:
iii

YELLOW DRAGON HOLDINGS LIMITED   

4. Full name of shareholder(s)
 (if different from 3.):iv

YELLOW DRAGON HOLDINGS LIMITED   

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

9 August 2016

6. Date on which issuer notified:

25 August 2016

7. Threshold(s) that is/are crossed or
reached:
vi, vii

Below 3%



 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

50,000,000

50,000,000

0


0


0



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

Warrants at £0.024

06/06/18

2 Years

25,000,000

4.05%


C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

N/A




 

 

Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

25,000,000

4,05%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

N/A


Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A



13. Additional information:



14. Contact name:

Andrew Fox

Ansee Seebaluck

15. Contact telephone number:

+ 230 401 3200 or

by email [email protected] and [email protected]

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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