Ironveld PLC Result of Broker Option and Posting of Circular (6847S)
15 Julho 2022 - 9:00AM
UK Regulatory
TIDMIRON
RNS Number : 6847S
Ironveld PLC
15 July 2022
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY
OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY
APPLICABLE LAW. THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A
SOLICITATION TO BUY SECURITIES IN ANY JURISDICTION, INCLUDING THE
UNITED STATES, CANADA, AUSTRALIA, JAPAN AND THE REPUBLIC OF SOUTH
AFRICA. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN
SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY
OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU. IN ADDITION, MARKET
SOUNDINGS WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS
ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF
SUCH INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT,
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION
OF INSIDE INFORMATION.
Ironveld plc
Result of Broker Option and Posting of Circular
Ironveld plc ("Ironveld" or "the Company"), announces that it
has raised GBP500,000 (before expenses) pursuant to a Broker Option
following the conditional Placing announced on 13 July 2022.
The Company granted an option to Turner Pope Investments Limited
("Turner Pope") under the Placing Agreement to enable them to deal
with additional demand under the Placing in the event that requests
to participate in the Placing from existing shareholders who are
qualifying investors were received during the period from the time
of the announcement of the Placing to close of business on 14 July
2022, up to a maximum of GBP1,000,000. Turner Pope has exercised
the Broker Option in respect of 166,666,666 Broker Option Shares at
the same price as the Placing.
Accordingly, the total number of new Ordinary Shares to be
issued by the Company pursuant to the Second Placing and the Broker
Option is 1,379,999,999. The aggregate gross proceeds of the
Placing and the Broker Option is GBP4.50 million. Aggregate
proceeds, net of expenses, are expected to be approximately GBP4.20
million.
Under the fee arrangements in place with Turner Pope, the
Company will issue Turner Pope, conditional on Second Admission,
Broker Warrants to subscribe for a total of 375,000,000 new
Ordinary Shares at the Placing Price for a period of 36 months from
Admission. In the event that the Placing is completed but relevant
resolutions necessary for the issue of Ordinary Shares pursuant to
the Broker Warrants are not passed at the General Meeting on 1
August 2022, each Broker Warrant will entitle the holder to
subscribe for two new Ordinary Shares (ie a total of 750,000,000
new Ordinary Shares could be allotted pursuant to the Broker
Warrants) and the Company has agreed to propose the necessary
resolutions at the Company's next Annual General Meeting.
General Meeting
The Second Placing and issue of all the Second Placing Shares
and Broker Option Shares are conditional, inter alia, on the
approval by shareholders of the requisite resolution(s) at a
General Meeting.
The General Meeting will be held at 10.00 am at the offices of
Kuit Steinart Levy LLP, 7(th) Floor, Blackfriars House, The
Parsonage, Manchester M3 2JA on 1 August 2022. A Circular will be
posted to Shareholders today and will shortly be available on the
Company's website.
Once issued, the rights of new Ordinary Shares will rank pari
passu with the Company's existing Ordinary Shares. Application will
be made for the new Ordinary Shares to be admitted to trading on
AIM
Settlement and dealings
Application will be made for the Second Placing Shares to be
admitted to trading on AIM in due course. Dealings in the Second
Placing Shares on AIM are expected to commence at 8:00 am on or
around 2 August 2022 and the Company will make a further
announcement in due course.
Capitalised terms used in this announcement have the meanings
given to them in the announcement of the Placing on 13 July
2022.
**ENDS**
For further information, please contact:
Ironveld plc c/o BlytheRay
Giles Clarke, Chairman +44 20 7138 3204
Martin Eales, Chief Executive Officer
finnCap (Nomad and Joint Broker)
Christopher Raggett / Charlie Beeson +44 20 7220 0500
Turner Pope (Joint Broker)
James Pope/Andrew Thacker +44 20 3657 0050
BlytheRay
Tim Blythe / Megan Ray +44 20 7138 3204
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEEAFXSFSDAEFA
(END) Dow Jones Newswires
July 15, 2022 08:00 ET (12:00 GMT)
Ironveld (LSE:IRON)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Ironveld (LSE:IRON)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024