Ferrexpo PLC Result of AGM (2901G)

TIDMFXPO

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 
                                                                                           votes         withheld(1) 
                                                                                           cast 
------------------------  -------------------------------------  ----------------------  ------------  ------------- 
 Resolution                No. of votes                % of       No.          %          No. of        No. 
                                                        votes      of votes     of         votes         of votes 
                                                        cast(2)                 votes 
                                                                                cast(2) 
------------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 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 
------------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
                           Independent   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                    All   439,883,591      99.55    1,990,956       0.45   441,874,547      5,189,534 
------------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
                           Independent   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    [phone] 
 Maitland: 
 James Isola       [phone] 
 
 
 

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

This information is provided by RNS

The company news service from the London Stock Exchange

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May 25, 2017 12:18 ET (16:18 GMT)