REG - Ironveld PLC - Delay to the Publication of Audited Accounts

IronveldAnnouncement

18/12/2024 15:45

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RNS Number : 6372Q  Ironveld PLC  18 December 2024

This announcement contains inside information

 

18 December 2024

 

IRONVELD PLC

 

Delay to the publication of audited accounts for the year ended 30 June 2024

&

Temporary suspension

 

Ironveld PLC ("Ironveld" or the "Company"), the owner of a High Purity Iron
("HPI"), Vanadium, and Titanium project (the "Project"), located on the
Northern Limb of the Bushveld Complex in Limpopo Province, South Africa,
announces a delay to the preparation of its audited accounts for the year
ended 30 June 2024 ("FY24 Accounts") and confirms that the Company will not be
in a position to publish the FY24 Accounts by 31 December 2024, the deadline
under AIM Rule 19. Consequently, the Company's shares will be temporarily
suspended from trading on AIM as of 7.30 a.m. on 2 January 2025, pending
publication of the FY24 Accounts.

 

Despite the best efforts of all parties, Ironveld and its advisers require
additional time to complete certain procedures relating to the audit of the
2024 Accounts, with the delay primarily related to the appointment of a new
firm to carry out audit-related procedures in South Africa. These procedures
have now been completed satisfactorily and the Directors are working with its
advisers to complete the audit process as soon as possible.

 

The Company anticipates that it will be in a position to publish the FY24
Accounts by mid-February 2025, following which trading in Ironveld's shares
will be restored.

 

Notwithstanding the temporary suspension of trading in the Company's shares,
Ironveld will continue to make announcements as and when there are any
developments that require to be notified under the AIM Rules for Companies.

 

For further information, please contact:

 

 Ironveld plc                                            c/o BlytheRay

 Kristoffer Andersson, Chief Executive Officer           +44 20 7138 3204

 Cavendish Capital Markets Limited (Nomad and Broker)    +44 20 7220 0500

 Derrick Lee / Adam Rae
 Turner Pope Investments (TPI) Ltd (Joint Broker)        +44 20 3657 0050

 Andrew Thacker / James Pope
 BlytheRay                                               +44 20 7138 3204

 Tim Blythe / Megan Ray

 

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