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Ferrexpo PLC

Ferrexpo plc - Result of AGM

RNS Number : 2901G
Ferrexpo PLC
25 May 2017
 

25 May 2017 

 

FERREXPO plc

("Ferrexpo" or the "Group")

 

Results of AGM

 

The results of voting at Ferrexpo's annual general meeting held today, 25 May 2017, are summarised below.  All Resolutions were voted by way of a poll and were carried.

 

As previously announced, Sir Malcolm Field, an Independent Director, did not seek re-election at the AGM. The Board has benefited greatly from his experience and wishes to thank him for his service.  

 

As stated in the Company's AGM Notice and under Listing Rule 9.2.2.F, a resolution to elect or re-elect an Independent Director must be passed by both a majority of the independent shareholders (i.e. shareholders of the Company who are entitled to vote on the election of Directors and who are not controlling shareholders) and a majority of all shareholders (including the majority shareholder). In order to determine this, votes cast by the independent shareholders were counted separately in respect of the election and re-election of Vitalii Lisovenko, Oliver Baring, Bert Nacken and Mary Reilly and are set out below.

 


For/Discretion

Against

Total votes cast

Votes withheld1

Resolution

No. of votes

% of votes cast2

No. of votes

% of votes cast2

No. of votes

No. of votes

1.  To receive the 2016 Report and Accounts

445,631,318

99.73

1,212,394

0.27

446,843,712

220,370

2.  To approve the Remuneration Report (apart from the remuneration policy)

435,764,713

97.76

9,982,840

2.24

445,747,553

1,316,528

3. To approve the remuneration policy set out in the Remuneration Report

434,082,714

97.39

11,616,505

2.61

445,699,219

1,364,862

4. To approve the 3.3 US cents final dividend

445,851,688

99.73

1,212,394

0.27

447,064,082

0

5. To appoint Deloitte LLP as auditors

445,814,976

99.72

1,249,106

0.28

447,064,082

0

6. To authorise the Audit Committee to determine the auditors' remuneration

445,848,410

99.73

1,214,877

0.27

447,063,287

795

7. To elect Vitalii Lisovenko as a director

All

441,406,011

99.59

1,832,041

0.41

443,238,052

3,826,030

Independent

145,328,067

98.76

1,832,041

1.24

147,160,108

3,826,030

8. To re-elect Oliver Baring as a director

All

445,070,885

99.55

1,993,196

0.45

447,064,081

0

Independent

148,992,941

98.68

1,993,196

1.32

150,986,137

0

9. To re-elect Stephen Lucas as a director

433,926,554

97.90

9,309,897

2.10

443,236,451

3,827,630

10.  To re-elect Christopher Mawe as a director

440,783,139

99.45

2,455,313

0.55

443,238,452

3,825,630

11. To re-elect Bert Nacken as a director

All

439,885,591

99.55

1,990,956

0.45

441,876,547

5,187,534

143,807,647

98.63

1,990,956

1.37

145,798,603

5,187,534

12. To re-elect Mary Reilly as a director

439,883,591

99.55

1,990,956

0.45

441,874,547

5,189,534

143,805,647

98.63

1,990,956

1.37

145,796,603

5,189,534

13. To re-elect Kostyantin Zhevago as a director

441,371,939

99.58

1,866,513

0.42

443,238,452

3,825,630

14. To authorise the directors to allot shares

445,706,282

99.70

1,357,400

0.30

447,063,682

400

15. To empower the directors to disapply pre-emption rights

442,016,104

98.87

5,041,915

1.13

447,058,019

6,063

16.  To authorise the Company to make market purchases of its own shares

444,874,913

99.68

1,412,726

0.32

446,287,639

776,442

17. To approve a 14 clear days' notice period for a general meeting other than an AGM

440,537,077

98.54

6,527,005

1.46

447,064,082

0

 

1.          A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution

2.          Excluding votes withheld

 

As at the date of the AGM, the Company's issued share capital (excluding treasury shares) consisted of 588,624,142 Ordinary Shares carrying one vote each. Therefore, the total number of voting rights as at the date of the AGM was 588,624,142.

 

In accordance with Listing Rule 9.6.2, Ferrexpo plc has submitted a copy of the resolutions dealing with the special business put to shareholders at the AGM today to the National Storage Mechanism, which will shortly be available for inspection at www.Hemscott.com/nsm.do.

 

 

For further information contact:

 

Ferrexpo:                            


Ingrid McMahon

+44 203 389 8304

 

Maitland:


James Isola

+44 207 379 5151





Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is currently the 3rd largest exporter of pellets to the global steel industry and the largest exporter of pellets from the Former Soviet Union. In 2016, it produced 11.2 million tonnes of pellets reflecting a 2% increase in production of the Group's highest quality pellets to a record 10.5 million tonnes. Ferrexpo has a diversified customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

 

 


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