Buyout of Vametco minorities for stock Bushveld will acquire the 26% minority interest in Bushveld Vametco currently owned by a Black Economic Empowerment group for 232.8m shares plus ZAR18m (~US$1m). The new shares are equivalent to ~13% of the enlarged share capital, or ~10% of our forecast share capital upon completion of the previously announced refinancing transactions (assuming a 3p/sh price for partial debt conversion and the SPR equity contribution). A 6-month lock-up will apply to 70% o ....