Ironveld PLC Board Appointment (5549B)
June 05 2023 - 1:00AM
UK Regulatory
TIDMIRON
RNS Number : 5549B
Ironveld PLC
05 June 2023
Ironveld Plc ("Ironveld" or the "Company")
Board Appointment
Ironveld plc ("Ironveld" or the "Company"), the AIM quoted
mining development company, is pleased to announce the appointment
of Ms Malebo Ratlhagane as Deputy Group CFO and to the Board of
Directors, with immediate effect.
Additionally, Brian James, who has worked with Ironveld since
2012, and has extensive experience in public company reporting, has
agreed to take on the role as Acting Group CFO in a non-Board
capacity in order to provide support and mentorship over a
transitional period of around 12 months, following which it is
anticipated that Ms Ratlhagane will become Group CFO.
Giles Clarke, Chairman of Ironveld, said: "Following the recent
rapid growth in the Company's operations, the Board has decided to
establish a more visible financial reporting structure for
shareholders going forward, hence the appointment of Malebo as
Deputy Group CFO and Brian as Acting Group CFO. As noted, we expect
Malebo to become Group CFO after a transitional period of around 12
months."
Malebo Ratlhagane has acted as Head of Finance for all of the
Ironveld Group's South African entities since 2022 and has been
with the Company since 2014. She is a Certified Professional
Accountant and a member of the South African Institute of
Professional Accountants.
Brian James is currently UK Head of Finance for Ironveld Plc and
Company Secretary. He is a Chartered Certified Accountant who has
acted in senior financial roles for a number of public companies
over the last 12 years, including Amerisur Resources where he was
employed from 2011 to its sale in January 2020.
In due course it is the Board's intention to promote further
members of the South African Executive team to ensure that the Plc
Board more fully represents the day-to-day operations of the
Company and the senior employees.
Regulatory disclosures
The following information is disclosed pursuant to Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
relation to Ms Elizabeth Malebo Ratlhagane, aged 39:
Current Directorships
None
Directorships within the past 5 years:
None
At the date of this announcement, Malebo holds options over a
total of 3,000,000 new ordinary shares of 0.1 pence each in the
Company, representing 0.08 per cent. of the Company's issued share
capital.
Ironveld confirms that there are no other disclosures to be made
pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules
for Companies with respect to Ms Malebo Ratlhagane.
For further information, please contact:
Ironveld plc c/o BlytheRay
Martin Eales, Chief Executive Officer 020 7138 3204
finnCap (Nomad and Broker)
Christopher Raggett
Charlie Beeson 020 7220 0500
Turner Pope (Joint Broker)
Andy Thacker
James Pope 020 3657 0050
BlytheRay
Megan Ray
Tim Blythe 020 7138 3204
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 .
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
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END
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