Ironveld PLC Result of General Meeting and Total Voting Rights (2753T)
November 13 2023 - 8:10AM
UK Regulatory
TIDMIRON
RNS Number : 2753T
Ironveld PLC
13 November 2023
Ironveld plc
Result of General Meeting
and
Total Voting Rights
Ironveld plc ("Ironveld" or the "Company"), the AIM quoted
mining development company, announces that all the proposed
resolutions tabled at the Company's General Meeting held earlier
today were duly passed.
Accordingly, the Company has raised total gross proceeds of
approximately GBP1 million from the Fundraising and has allotted a
total of 360,000,000 new Ordinary Shares. Admission of the Second
Admission Shares is expected to occur on 14 November 2023. All
subscribers will also be issued with Investor Warrants on the basis
of one (1) warrant for every one (1) Subscription Share at a price
of 0.29p.
Following Second Admission on 14 November 2023, the Company's
total issued share capital will consist of 3,934,996,887 Ordinary
Shares, with one voting right per share. The Company does not hold
any shares in treasury. Therefore, the total number of Ordinary
Shares and voting rights in the Company will be 3,934,996,887 from
Second Admission. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company
pursuant to the FCA's Disclosure Guidance and Transparency
Rules.
Unless otherwise defined herein, capitalised terms used in this
announcement shall have the same meanings as defined in the
announcement of the fundraising made by the Company on 26 October
2023.
For further information, please contact:
Ironveld plc c/o BlytheRay
Giles Clarke, Chairman +44 20 7138 3204
Martin Eales, Chief Executive Officer
Cavendish Capital Markets Ltd (Nomad and Joint
Broker)
Derrick Lee / Charlie Beeson / George Dollemore +44 20 7220 0500
Turner Pope (Joint Broker)
Andrew Thacker/James Pope +44 20 3657 0050
BlytheRay
Tim Blythe / Megan Ray +44 20 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 .
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dr John Wardle
----------------------------------------- -------------------------------
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 Ordinary Shares of 0.1 pence
instrument, type of instrument each in Ironveld plc
Identification code
ISIN: GB0030426455
----------------------------------------- -------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
----------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- -------------- ---------------
0.278p 97,200,000
--------------------------------------------------- -------------- ---------------
0.278p 64,800,000
--------------------------------------------------- -------------- ---------------
d) Aggregated information
* Aggregated volume 162,000,000
0.278p
* Price
--------------------------------------------------- -------------------------------
e) Date of the transaction 31 October 2023
13 November 2023
--------------------------------------------------- -------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market
----------------------------------------- -------------------------------
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END
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