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IRONVELD PLC
AGM Information • Nov 20, 2024
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National Storage Mechanism | Additional information 
RNS Number : 0172N
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 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
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