REG - Ironveld PLC - Result of General Meeting

IronveldAnnouncement

01/08/2022 11:30

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RNS Number : 4580U  Ironveld PLC  01 August 2022

Ironveld plc

Result of General Meeting

Ironveld plc ("Ironveld" or the "Company") announces that all the proposed
resolutions tabled at the Company's General Meeting held earlier today were
successfully passed. As a result, the proposed placing set out in the
announcement made by the Company on 13 July 2022 will now proceed with the
placing shares being admitted to trading at 8.00 a.m. on 2 August 2022
("Admission").

The full text of each resolution was set out in the Notice of the General
Meeting, a copy of which can be found on the Company's website at
https://www.ironveld.com/shareholders.php
(https://www.ironveld.com/shareholders.php)

Following Admission, the Company will have 2,893,128,854 ordinary shares of
0.1 pence each ("Ordinary Shares") admitted to trading. The Company does not
hold any Ordinary Shares in treasury and therefore this figure of
2,893,128,854 Ordinary Shares may be used by the Company's shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

Peter Cox, Ironveld's Technical Director, who has been working on the Project
for over 10 years said:

 

"I am delighted the Placing has been approved for all our team in South Africa
and especially for our Black Empowerment Partners. Mr Jennings has been
focused on his own selfish aims, and manifestly doesn't care about those whose
hopes of employment have been placed in this project for a long time.  As a
Board we are focused on bringing this project to production and creating the
very jobs which will generate real shareholder value.  Indeed, his attitude
towards them in my judgement is utterly unacceptable.

"The importance of this project to the future of quite literally thousands of
members of our local communities and several hundred prospective workers and
their families, is immense.  At last we will be able to mine our world class
ore deposits, supply our offtake partners, particularly Glencore who have been
most supportive and very patient.  I would like to thank our shareholders for
their support and welcome our new investors to a tremendous future for
Ironveld."

 

**ENDS**

 

For further information, please contact:

 Ironveld plc                              c/o BlytheRay

 Giles Clarke, Chairman                    +44 20 7138 3204

 Martin Eales, Chief Executive Officer

 finnCap (Nomad and Joint Broker)          +44 20 7220 0500

 Christopher Raggett / Charlie Beeson

 Turner Pope (Joint Broker)                +44 20 3657 0050

 James Pope/Andrew Thacker

 BlytheRay                                 +44 20 7138 3204

 Tim Blythe / Megan Ray

 

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