Result of General Meeting and Total Voting Rights

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 £1 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 Giles Clarke, Chairman Martin Eales, Chief Executive Officer		c/o BlytheRay [phone]
Cavendish Capital Markets Ltd (Nomad and Joint Broker) Derrick Lee / Charlie Beeson / George Dollemore		[phone]
Turner Pope (Joint Broker) Andrew Thacker/James Pope		[phone]
BlytheRay Tim Blythe / Megan Ray		[phone]

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 instrument, type of instrument Identification code	Ordinary Shares of 0.1 pence each in Ironveld plc 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 -     Price	162,000,000 0.278p
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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