Ferrexpo PLC Results of AGM (4076P)

TIDMFXPO

RNS Number : 4076P

Ferrexpo PLC

25 May 2018

25 May 2018

FERREXPO plc

("Ferrexpo" or the "Group")

Results of AGM

The results of voting at Ferrexpo's annual general meeting held today, 25 May 2018, are summarised below. All Resolutions were voted by way of a poll and were carried.

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 Simon Lockett, Vitalii Lisovenko, Bert Nacken and Mary Reilly and are set out below.

 
                                 For/Discretion                     Against          Total votes   Votes 
                                                                                      cast          withheld(1) 
-------------------  -------------------------------------  ----------------------  ------------  ------------- 
 Resolution           No. of votes                % of       No. of       %          No. of        No. 
                                                   votes      votes        of         votes         of votes 
                                                   cast(2)                 votes 
                                                                           cast(2) 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 1. To receive 
  the 2017 
  Report and 
  Accounts                          487,214,144      98.94    5,230,453       1.06   492,444,597        254,354 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 2. To approve 
  the Remuneration 
  Report (apart 
  from the 
  remuneration 
  policy)                           482,856,212      98.00    9,841,238       2.00   492,697,450          1,500 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 3. To approve 
  the 3.3 
  US cents 
  final dividend                    492,489,796      99.96      209,156       0.04   492,698,952              0 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 4. To re-appoint 
  Deloitte 
  LLP as auditors                   492,484,016      99.96      211,436       0.04   492,695,452          3,500 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 5. To authorise 
  the Audit 
  Committee 
  to determine 
  the auditors' 
  remuneration                      492,486,056      99.96      212,896       0.04   492,698,952              0 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 6. To elect 
  Simon Lockett 
  as a director               All   490,896,870      99.63    1,800,582       0.37   492,697,452          1,500 
-------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
                      Independent   194,818,926      99.08    1,800,582       0.92   196,619,508          1,500 
-------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
 7. To re-elect 
  Vitalii 
  Lisovenko 
  as a director               All   490,903,784      99.64    1,793,668       0.36   492,697,452          1,500 
-------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
                      Independent   194,825,840      99.09    1,793,668       0.91   196,619,508          1,500 
-------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
 8. To re-elect 
  Stephen 
  Lucas as 
  a director                        478,108,963      97.31   13,199,176       2.69   491,308,139      1,390,811 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 9. To re-elect 
  Christopher 
  Mawe as 
  a director                        488,710,389      99.19    3,987,063       0.81   492,697,452          1,500 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 10. To re-elect 
  Bert Nacken 
  as a director               All   490,886,453      99.63    1,810,999       0.37   492,697,452          1,500 
-------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
                      Independent   194,808,509      99.08    1,810,999       0.92   196,619,508          1,500 
-------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
 11. To re-elect 
  Mary Reilly 
  as a director               All   484,673,076      98.37    8,024,376       1.63   492,697,452          1,500 
-------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
                      Independent   188,595,132      95.92    8,024,376       4.08   196,619,508          1,500 
-------------------  ------------  ------------  ---------  -----------  ---------  ------------  ------------- 
 12. To re-elect 
  Kostyantin 
  Zhevago 
  as a director                     490,966,933      99.65    1,732,019       0.35   492,698,952              0 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 13. To approve 
  the Ferrexpo 
  Long Term 
  Incentive 
  Plan                              488,741,412      99.20    3,956,039       0.80   492,697,451          1,500 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 14. To authorise 
  the directors 
  to allot 
  shares                            489,433,783      99.34    3,265,169       0.66   492,698,952              0 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 15. To empower 
  the directors 
  to disapply 
  pre-emption 
  rights                            489,409,646      99.33    3,287,306       0.67   492,696,952          2,000 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 16. To authorise 
  the Company 
  to make 
  market purchases 
  of its own 
  shares                            490,649,317      99.83      813,985       0.17   491,463,302      1,235,649 
-------------------  --------------------------  ---------  -----------  ---------  ------------  ------------- 
 17. To approve 
  a 14 clear 
  days' notice 
  period for 
  a general 
  meeting 
  other than 
  an AGM                            487,093,918      98.86    5,605,034       1.14   492,698,952              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. In 2017, the Group produced 10.4 million tonnes of pellets ranking it as the 3(rd) largest exporter of pellets to the global steel industry with a market share of approximately 8.5%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey and Vietnam. Ferrexpo has a premium listing 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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May 25, 2018 12:32 ET (16:32 GMT)