Director/PDMR Shareholding

RNS Number : 6030F

Ironveld PLC

28 April 2014

 



Ironveld plc ("Ironveld" or the "Company")

Director's Dealing and Exercise of Options

Ironveld plc, the pig iron and vanadium company, was notified on 25 April 2014 that on that day, Peter Cox, Chief Executive, sold 216,804 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") at an average price of 10.67 pence per share in order to raise funds towards a tax obligation that, as a South African tax payer, Mr Cox has incurred on the vesting of options he holds over Ordinary Shares.

Following this transaction, Peter Cox holds 259,161 Ordinary Shares, representing approximately 0.1 per cent. of the Company's issued ordinary share capital, having exercised, also on 25 April 2014, options over 475,965 Ordinary Shares at an exercise price of 1 pence per Ordinary Share granted to him under the Company's Long Term Incentive Plan.

The 475,965 Ordinary Shares have been allotted under the Company's blocklisting scheme announced by the Company on 18 October 2013. Following the issue of the 475,965 Ordinary Shares, the Company's total issued and voting share capital will comprise of 286,551,732 Ordinary Shares. This figure may be used by 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, securities of the Company.

For further information, please contact:

Ironveld plc Giles Clarke, Non-Executive Chairman Peter Cox, Chief Executive	c/o FTI Consulting  020 3727 1535
Shore Capital and Corporate Limited	020 7408 4090
Stephane Auton /  Toby Gibbs (corporate finance)
Jerry Keen (corporate broking)
F T I Consulting	020 3727 1535
Oliver Winters / Sara Powell

 

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