REG - Ironveld PLC - Result of General Meeting
20/11/2024 14:45
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RNS Number : 0172N Ironveld PLC 20 November 2024
20 November 2024
IRONVELD PLC
Result of General Meeting
Ironveld PLC ("Ironveld" or the "Company"), the owner of a High Purity Iron
("HPI"), Vanadium, and Titanium project located on the Northern Limb of the
Bushveld Complex in Limpopo Province, South Africa, announces that all the
proposed resolutions tabled at the Company's General Meeting held earlier
today were duly passed.
The detailed results of the voting are set out below:
Res. Number For For Chairman's Discretion Total For % For Total Against % Against
1 2,055,997,666 50,000 2,056,047,666 99.69 6,450,533 0.31
2 2,057,249,068 50,000 2,057,299,068 99.75 5,199,131 0.25
3 2,056,997,666 50,000 2,057,047,666 99.74 5,450,533 0.26
4 2,055,997,666 50,000 2,056,047,666 99.70 6,199,131 0.30
5 2,056,949,001 50,000 2,056,999,001 99.73 5,499,198 0.27
6 2,037,848,030 50,000 2,037,898,030 99.73 5,499,198 0.27
Following the passing of the resolutions the proposed Placing, Subscription
and Capital Reorganisation, as described in the Company's announcement on
30(th) October 2024 (the "Transaction"), will now proceed.
The new shares issued pursuant to the Transaction will be admitted to trading
on AIM with effect from 21 November 2024 ("Admission"). Following Admission,
the Company's issued share capital will consist of 13,742,089,347 Ordinary
Shares of 0.01 pence each. Accordingly, the figure of 13,742,089,347 may be
used by 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 Company under the FCA's Disclosure Guidance and
Transparency Rules.
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 Joint 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
Details of the person discharging managerial responsibilities / person closely
associated
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Kris Andersson
2. Reason for the Notification
a) Position/status CEO
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ironveld Plc
b) LEI 2138004LU52LQBNXG604
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.01 pence each in Ironveld plc
Identification code ISIN: GB0030426455
b) Nature of the Transaction Issue of shares by Ironveld plc in lieu of fees and creditor amounts due
c) Price(s) and volume(s) 21,367,521 Ordinary Shares at 0.036p per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 20 November 2024
f) Place of the transaction London Stock Exchange
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Wardle via Tracarta Limited
2. Reason for the Notification
a) Position/status Executive Chairman
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ironveld Plc
b) LEI 2138004LU52LQBNXG604
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.01 pence each in Ironveld plc
Identification code ISIN: GB0030426455
b) Nature of the Transaction Issue of shares by Ironveld plc in lieu of fees, pursuant to a subscription
and conversion of loan facilities
c) Price(s) and volume(s) 2,341,416,610 Ordinary Shares at 0.036p per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 20 November 2024
f) Place of the transaction London Stock Exchange
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Peter Cox via Warmbad Investment Holdings (Pty) Ltd
2. Reason for the Notification
a) Position/status Technical Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ironveld Plc
b) LEI 2138004LU52LQBNXG604
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.01 pence each in Ironveld plc
Identification code ISIN: GB0030426455
b) Nature of the Transaction Issue of shares by Ironveld plc pursuant to a subscription and conversion of
loan facilities
c) Price(s) and volume(s) 511,297,222 Ordinary Shares at 0.036p per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 20 November 2024
f) Place of the transaction London Stock Exchange
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Giles Clarke via Westleigh Investments Holdings Limited
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ironveld Plc
b) LEI 2138004LU52LQBNXG604
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.01 pence each in Ironveld plc
Identification code ISIN: GB0030426455
b) Nature of the Transaction Issue of shares by Ironveld plc in lieu of fees and creditor amounts due
c) Price(s) and volume(s) 297,763,888 Ordinary Shares at 0.036p per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 20 November 2024
f) Place of the transaction London Stock Exchange
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nicholas Harrison via Westleigh Investments Holdings Limited
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ironveld Plc
b) LEI 2138004LU52LQBNXG604
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.01 pence each in Ironveld plc
Identification code ISIN: GB0030426455
b) Nature of the Transaction Issue of shares by Ironveld plc in lieu of fees and creditor amounts due
c) Price(s) and volume(s) 301,613,888 Ordinary Shares at 0.036p per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 20 November 2024
f) Place of the transaction London Stock Exchange
Notes to Editors:
Ironveld (IRON.LN) is the owner of Mining Rights over approximately 28
kilometres of
outcropping Bushveld magnetite with a SAMREC compliant ore resource of some 56
million tons of ore grading 1,12% V2O5, 68,6% Fe2O3 and 14,7% TiO2.
In 2022 Ironveld agreed to acquire and refurbish a smelter facility in
Rustenburg, South Africa, in which it can process its magnetite ore into the
marketable products of high purity iron, titanium slag and vanadium slag. This
transaction became unconditional in March 2023.
Ironveld is an AIM traded company. For further information on Ironveld please
refer to
www.ironveld.com (http://www.ironveld.com) .
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