Ironveld PLC Conversion of consultants fees into equity (8838V)
02 February 2017 - 10:02PM
UK Regulatory
TIDMIRON
RNS Number : 8838V
Ironveld PLC
02 February 2017
2 February 2017
Ironveld plc ("Ironveld" or the "Company")
Conversion of consultants fees into equity
Ironveld plc, the owner of a High Purity Iron, Vanadium and
Titanium project located on the Northern Limb of the Bushveld
Complex in Limpopo Province, South Africa, announces that
arrangements have been made with a consultant to convert fees
payable for services into new ordinary shares of 1p in the Company
("Ordinary Shares"). The Company has approved the conversion of
GBP180,563.70 representing amounts of fees owed to consultants into
3,801,341 new Ordinary Shares, issued at a price of 4.75p per
Ordinary Share.
Application has been made for the 3,801,341 new Ordinary Shares
to be admitted to AIM and dealings are expected to commence on 7
February 2017 ("Admission").
Total voting rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following Admission of
the 3,801,341 new Ordinary Shares the issued ordinary share capital
of Ironveld will consist of 374,641,278 Ordinary Shares with voting
rights attached. The Company does not hold any shares in treasury.
This figure of 374,641,278 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 in their interest in, the share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules
("DTRs").
Ends
For further information, please contact:
Ironveld plc c/o Camarco
Peter Cox, Chief Executive 020 3757 4980
Shore Capital and Corporate Limited
Stephane Auton / Toby Gibbs (corporate
finance)
Jerry Keen (corporate broking) 020 7408 4090
Camarco
Gordon Poole / Billy Clegg
This information is provided by RNS
The company news service from the London Stock Exchange
END
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