POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING-BUSHVELD MINERALS LIMITED

POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING-BUSHVELD MINERALS LIMITED

Posting of Circular and Notice of General Meeting

Bushveld Minerals Limited (AIM: BMN), the primary vanadium producer, announces that the Company has published a Circular (the "Circular") in connection with the Proposed disposal of Vanchem and notice of general meeting is being post to Shareholders today. The General Meeting will be held at at 10.00 a.m. (UK time) on 31 May 2024 at Oak House, Hirzel Street, St Peter Port, Guernsey, GY1 3RH.

 

The Circular and Form of Proxy can be accessed on the Company website:  www.bushveldminerals.com/investors/meetings/

 

A comprehensive Q&A document, answering questions posed to the Company since the release of the announcement has been drafted and will be available in the coming days on the Company's website: www.bushveldminerals.com 

 

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 29 May 2024. Please contact your broker or intermediary for further instructions on how to vote, including through electronic means where available.

 

The Company and the Board of Directors consider that the Resolution is in the best interests of Shareholders as a whole and unanimously recommend that Shareholders vote in favour of the resolution, as they intend to do so in respect of their own beneficial holdings of 6,094,142 Ordinary Shares, representing 0.26 per cent. of the existing issued ordinary share capital of the Company at the upcoming General Meeting.

 

In addition to Southern Point Resources' (SPR) 330,687,830 Ordinary Shares (representing 14.31% of the Existing Ordinary Shares), the Company has received irrevocable undertakings from certain shareholders holding in aggregate 262,649,673 Ordinary Shares (representing approximately 11.37% of the existing Ordinary Shares) to vote in favour of the Resolution.

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