REG - Ironveld PLC - Result of Requisitioned General Meeting

IronveldAnnouncement

12/08/2022 16:30

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RNS Number : 9167V  Ironveld PLC  12 August 2022

12 August 2022

Ironveld plc

("Ironveld" or the "Company")

Result of Requisitioned General Meeting

 

Ironveld plc announces that all the proposed resolutions by Richard Jennings,
director of Align Research Ltd ("Align"), at the requisitioned General Meeting
held today were comprehensively rejected.

 

A statement from the Board of Ironveld,

 

"We would like to thank our shareholders for their support in rejecting
Richard Jennings' proposals which in the Board's view were vexatious,
self-serving and pointless. The Board will be addressing Mr Jennings' conduct
in due course but is currently focused on matters more important to the
Company.  We are pleased to move past the requisitioned general meeting which
in our opinion has achieved nothing except causing a considerable and costly
distraction to both the Company and shareholders of Ironveld. As previously
announced, the Company has sufficient funding to complete the refurbishment of
the FCF smelter facility, with the initial work having already commenced. The
Board can now focus entirely on the pathway to production and remains
committed to generating long term value for shareholders."

 

 

 

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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