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Bushveld Minerals Limited announced on 29 January 2024 the completion of an investigation into Finance Director Tanya Chikanza's alleged failure to disclose a material conflict of interest. The Company established an oral disclosure was made, but Ms. Chikanza accepted it breached the Company's Conflict of Interest Policy. The parties subsequently agreed that Ms. Chikanza's employment will end on 31 January 2024.
| Date | 29 Jan 2024 |
| Time | 16:25:00 |
| Category | Board changes |
| ID | 2667B |
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.
29 January 2024
Bushveld Minerals Limited
("Bushveld" or the "Company")
Resignation of Finance Director
As an update to the announcement on 16 November 2023, the Company has now completed its investigation in respect of the Finance Director, Tanya Chikanza's alleged failure to disclose a material conflict of interest. It has been established that Ms Chikanza made an oral disclosure to the previous CEO. Notwithstanding this oral disclosure she accepts that it was not in accordance with the Company's Conflict of Interest Policy and constitutes a breach of the policy. The Company has elected not to pursue the disciplinary process and the parties have agreed that Ms Chikanza's employment will end on 31 January 2024.
Enquiries: [email protected]
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Bushveld Minerals Limited |
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+27 (0) 11 268 6555 |
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Craig Coltman, Chief Executive Officer |
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Chika Edeh, Head of Investor Relations |
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SP Angel Corporate Finance LLP |
Nominated Adviser & Broker |
+44 (0) 20 3470 0470 |
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Richard Morrison / Charlie Bouverat |
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Grant Baker / Richard Parlons |
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Hannam and Partners |
Joint Broker |
+44 (0) 20 7907 8500 |
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Andrew Chubb, Matt Hasson, Jay Ashfield |
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Financial PR |
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Gareth Tredway / Tara Vivian-Neal / James Whitaker |
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+44 (0) 207 920 3150 |
ENDS
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a primary vanadium producer, it is one of only three operating primary vanadium producers, 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