Result of General Meeting

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 Kristoffer Andersson, Chief Executive Officer		c/o BlytheRay [phone]
Cavendish Capital Markets Limited (Nomad and Joint Broker) Derrick Lee / Adam Rae		[phone]
Turner Pope Investments (TPI) Ltd (Joint Broker) Andrew Thacker / James Pope		[phone]
BlytheRay Tim Blythe / Megan Ray		[phone]

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.

 

END