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
30th 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
Kristoffer Andersson, Chief
Executive Officer
|
|
c/o BlytheRay
+44 20 7138 3204
|
|
Cavendish Capital Markets Limited (Nomad and Joint
Broker)
Derrick Lee / Adam Rae
|
|
+44 20 7220 0500
|
|
Turner Pope Investments (TPI) Ltd (Joint
Broker)
Andrew Thacker / James
Pope
|
|
+44 20 3657 0050
|
|
BlytheRay
Tim Blythe / Megan Ray
|
|
+44 20 7138 3204
|
|
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
Aggregated volume Price
|
N/A
|
|
|
|
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
Aggregated volume Price
|
N/A
|
|
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
Aggregated volume Price
|
N/A
|
|
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
Aggregated volume Price
|
N/A
|
|
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
Aggregated volume Price
|
N/A
|
|
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.