Ironveld PLC Result of General Meeting (4580U)
01 Agosto 2022 - 07:28AM
UK Regulatory
TIDMIRON
RNS Number : 4580U
Ironveld PLC
01 August 2022
Ironveld plc
Result of General Meeting
Ironveld plc ("Ironveld" or the "Company") announces that all
the proposed resolutions tabled at the Company's General Meeting
held earlier today were successfully passed. As a result, the
proposed placing set out in the announcement made by the Company on
13 July 2022 will now proceed with the placing shares being
admitted to trading at 8.00 a.m. on 2 August 2022
("Admission").
The full text of each resolution was set out in the Notice of
the General Meeting, a copy of which can be found on the Company's
website at https://www.ironveld.com/shareholders.php
Following Admission, the Company will have 2,893,128,854
ordinary shares of 0.1 pence each ("Ordinary Shares") admitted to
trading. The Company does not hold any Ordinary Shares in treasury
and therefore this figure of 2,893,128,854 Ordinary Shares may be
used by the Company's 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
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Peter Cox, Ironveld's Technical Director, who has been working
on the Project for over 10 years said:
"I am delighted the Placing has been approved for all our team
in South Africa and especially for our Black Empowerment Partners.
Mr Jennings has been focused on his own selfish aims, and
manifestly doesn't care about those whose hopes of employment have
been placed in this project for a long time. As a Board we are
focused on bringing this project to production and creating the
very jobs which will generate real shareholder value. Indeed, his
attitude towards them in my judgement is utterly unacceptable.
"The importance of this project to the future of quite literally
thousands of members of our local communities and several hundred
prospective workers and their families, is immense. At last we will
be able to mine our world class ore deposits, supply our offtake
partners, particularly Glencore who have been most supportive and
very patient. I would like to thank our shareholders for their
support and welcome our new investors to a tremendous future for
Ironveld."
**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
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END
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(END) Dow Jones Newswires
August 01, 2022 06:28 ET (10:28 GMT)
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