Acuerdo de opción con Portillion
Regulación de abuso de mercado ("MAR") Divulgación
Este anuncio contiene información privilegiada a los efectos del artículo 7 del Reglamento de abuso de mercado (UE) 596/2014, ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley de (Retirada) de la Unión Europea de 2018 ("MAR"), y se divulga de acuerdo con las obligaciones de la Compañía bajo el Artículo 17 del MAR.
14 de diciembre 2023
Bushveld Minerals Limited
("Minerales de Bushveld""sabana", la "Grupo procesos" o la "Compañía")
Acuerdo de opción con Portillion
Bushveld Minerals Limited (AIM: BMN), the integrated primary vanadium producer, is pleased to announce that that it has entered into an option agreement ("Option Agreement") with Portillion Capital Limited ("Portillion"), for Portillion to subscribe for 44,847,748 new Ordinary shares at a price of 3 pence per share, for an amount of £1,345,432.44.
Further to the Company's announcement of 5 December 2023 in relation to the conditional fundraising undertaken by the Company, and the announcement of 12 December 2023 in relation to closing of the PrimaryBid Offer, the Company has conditionally raised approximately US$18.5 million (£14.7 million).
In addition, the Company has now entered into the Option Agreement whereby, under the Company's existing share authorities, Portillion has been granted the option to subscribe, on or before 28 February 2024, for up to 44,847,748 new ordinary shares of 1p each in the Company to raise up to an additional £1,345,432.44 (representing an exercise price per new Ordinary Share of 3 pence) (the "Option"), which would increase the total funds raised up to approximately US$20.2 million (£16.0 million).
Pursuant to the Option Agreement, Portillion has also given an irrevocable undertaking to vote in favour of the resolutions to be proposed to shareholders at the Company's forthcoming General Meeting due to take place on 27 December 2023.
The Option Agreement is conditional on inter alia on the approval by the requisite majority of shareholders of the Company of each of the Fundraising Resolutions (as defined in the circular ("Circular") published by the Company on 5 December 2023) and completion of the Fundraising, the Orion Restructure and completion of the Vametco Acquisition (as each term is defined in the Circular).
Mr. Kamran Sattar, CEO of Portillion, currently holds approximately 5.04% of the Company's issued share capital and, if Portillion exercises the option in full, Mr. Sattar and Portillion will retain, in aggregate, the same percentage in the Company's enlarged share capital following exercise of the Option.
Craig Coltman, director ejecutivo de Bushveld Minerals, comentó: "We appreciate Portillion's support of the restructuring initiatives and their endorsement of the resolutions being put to shareholders. This capital raise will allow us to fund capital expenditure at Vametco and Vanchem and to increase production."
Kamran Sattar CEO of Portillion Capital stated: "Portillion is pleased to support the restructuring of Bushveld Minerals. We are excited to see management deliver on their plans and for Bushveld to be a Company that investors can trust."
Consultas : GME@dhr-rgv.com
Bushveld Minerals Limited | +27 0 11 268 6555 | |
craig coltman, Director General | ||
chika edeh, Jefe de Relaciones con Inversores | ||
SP Ángel Finanzas Corporativas LLP | Asesor designado, conjunto Broker | +44 0 20 3470 0470 |
Richard Morrison / charlie boverat | ||
Grant Barker/Richard Parlons | ||
Hannam y socios | Conjunto Broker | +44 0 20 7907 8500 |
Andrew Chubb / Matt Hasson / jay ashfield | ||
Tavistock | PR financiera | +44 0 207 920 3150 |
Gareth Tredway/Tara Vivian-Neal/ james whitaker |
ACERCA DE BUSHVELD MINERALS LIMITED
Bushveld Minerals es un productor primario de vanadio integrado verticalmente y es uno de los tres únicos productores primarios de vanadio en funcionamiento. En 2022, la Compañía produjo 3,842 mtV, lo que representa más del 3% del mercado mundial de vanadio. Con un portafolio diversificado de productos de vanadio que atiende las necesidades de los sectores siderúrgico, energético y químico.
Se puede acceder a información detallada sobre la Compañía y el progreso hasta la fecha en el sitio web www.Bushveldminerals.com
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