RE: Ironveld24 Jul 2019 22:22
From 26/10/2016 RNS
Giles Clarke and Nick Harrison, both directors of the Company, are to participate in the Firm Placing, subscribing for 777,778 Ordinary Shares and 555,556 Ordinary Shares respectively. In addition, Westleigh Investments Holdings Limited ("WIHL"), a company wholly owned and controlled by Giles Clarke and Nick Harrison is to participate in the Placing, subscribing for 888,889 Ordinary Shares. Following the completion of the Placing and Second Admission, and subject to shareholder approval, Giles Clarke will hold an interest in 9,148,580 Ordinary Shares (representing 2.47% of the Enlarged Share Capital), Nick Harrison will hold an interest in 4,147,840 Ordinary Shares (representing 1.12% of the Enlarged Share Capital) and WIHL will hold an interest in 10,062,470 Ordinary Shares (representing 2.72% of the Enlarged Share Capital).
---
So they hold about 23.4m shares between them which were worth £1.2m in Oct 2016, and as much as £750,000 a few months ago in February 2019 when the shareprice was 3.2p. It is in their best interest to get a good deal.