Last checked at 9 Dec 2014 08:46
9 December 2014
Ironveld plc ("Ironveld" or the "Company")
Director's Dealing
Ironveld plc, the High Purity Iron ("HPI"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa (the "Project") received notification on 8 December 2014 that on that date, Giles Clarke, Chairman and his wife Mrs G. Clarke acquired an interest in 175,000 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") at a price of 6.18 pence per share. In addition the Company received notification on the same date that Nick Harrison, Non-Executive Director, acquired an interest in 100,000 Ordinary Shares at a price of 6.17 pence per share and 200,000 Ordinary Shares at 6.2 pence per share.
Following the acquisition, Mr and Mrs Clarke will have an interest in 16,102,099 Ordinary Shares, representing approximately 5.39% of the Company's issued ordinary share capital and Mr Harrison will have an interest in 11,323,581 Ordinary Shares, representing approximately 3.79% of the Company's issued ordinary share capital.
\* These numbers includes Westleigh Investments Holdings Limited's ("Westleigh") holding of 9,023,581 Ordinary Shares. Giles Clarke and Nick Harrison are directors and shareholders of Westleigh. In addition, Westleigh holds warrants to subscribe for an aggregate of 8,399,966 Ordinary Shares.
Ends
For further information, please contact:
Ironveld plc Peter Cox, Chief Executive | c/o Camarco 020 3757 4980 |
Shore Capital Stephane Auton / Toby Gibbs (corporate finance) Jerry Keen (corporate broking) | 020 7408 4090 |
Camarco Billy Clegg/ Georgia Mann | 020 3757 4980 |
Notes to Editors:
Ironveld (IRON.LN) is a High Purity Iron, Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province South Africa. Ironveld expects to mine its own VTM ore as feedstock for a 15MW smelter which will produce speciality iron products including high purity iron powder as well as Vanadium and titanium products.
The Definitive Feasibility Study published in April 2014 confirms the project's viability to deliver an exceptionally high grade iron product (99.5% Fe) called High Purity Iron which commands a premium in the market place. Vanadium and Titanium slag containing commercial grades of vanadium and titanium will also be produced and sold.
Ironveld's Board includes; Giles Clarke as Chairman, Peter Cox, CEO and Nick Harrison as a Non-Executive Director.
Ironveld is an AIM traded company. For further information on Ironveld please refer to www.ironveld.com.