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Ironveld Plc confirmed on 21 December 2022 that all material underlying agreements required by the Debt Purchase Agreement and Share Purchase Agreement for the acquisition of Ferrochrome Furnaces (Pty) Limited (FCF) have been agreed and signed. This update follows an announcement dated 9 December 2022. The company also stated that the timing of the transaction completion has had no effect on its operations.
| Date | 21 Dec 2022 |
| Time | 07:00:04 |
| Category | Corporate updates |
| ID | 3830K |
Ironveld Plc
("Ironveld" or the "Company")
FCF Acquisition Update
Update on Closing of Acquisition of Ferrochrome Furnaces (Pty) Limited ("FCF")
Further to the announcement dated 9 December 2022 Ironveld can now confirm that all material underlying agreements required by the Debt Purchase Agreement and Share Purchase Agreement have now been agreed and signed.
The timing of the transaction completion has had no effect on the Company's operations, which continue to progress as planned.
For further information, please contact:
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Ironveld plc Martin Eales, Chief Executive Officer |
c/o BlytheRay 020 7138 3204
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finnCap (Nomad and Broker) Christopher Raggett Charlie Beeson
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020 7220 0500
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Turner Pope (Joint Broker) Andy Thacker James Pope
|
020 3657 0050 |
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BlytheRay Megan Ray Tim Blythe
|
020 7138 3204 |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.