TIDMFXPO
RNS Number : 5800B
Ferrexpo PLC
07 June 2019
7 June 2019
FERREXPO plc
("Ferrexpo" or the "Group")
Results of AGM
The results of voting at Ferrexpo's annual general meeting held
today, 7 June 2019, 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
9.2.2E, 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
re-election of Vitalii Lisovenko and are set out below.
For/Discretion Against Total votes Votes
cast withheld(1)
Resolution No. of votes % of No. of % of No. of votes No. of
votes votes votes votes
cast(2) cast(2)
-------------------------- --------- ------------ --------- ------------- -------------
1. To receive
the 2018 Report
and Accounts 327,515,510 66.69 163,562,093 33.31 491,077,603 633,499
-------------------------- --------- ------------ --------- ------------- -------------
2. To approve
the Remuneration
Report (apart
from the remuneration
policy) 484,428,472 98.71 6,348,979 1.29 490,777,451 933,652
-------------------------- --------- ------------ --------- ------------- -------------
3. To approve
the 6.6 US
cents final
dividend 490,376,871 99.73 1,326,632 0.27 491,703,503 7,600
-------------------------- --------- ------------ --------- ------------- -------------
4. To elect
Lucio Genovese
as a director 478,756,022 97.37 12,946,281 2.63 491,702,303 8,800
-------------------------- --------- ------------ --------- ------------- -------------
5. To re-elect
Vitalii Lisovenko
as a director All 449,898,269 93.85 29,470,347 6.15 479,368,616 12,342,486
------------ ------------ --------- ------------ --------- ------------- -------------
Independent 153,820,325 83.92 29,470,347 16.08 183,290,672 12,342,486
------------ ------------ --------- ------------ --------- ------------- -------------
6. To re-elect
Stephen Lucas
as a director 440,371,710 91.69 39,922,958 8.31 480,294,668 11,416,434
-------------------------- --------- ------------ --------- ------------- -------------
7. To re-elect
Christopher
Mawe as a director 453,318,319 94.77 25,016,936 5.23 478,335,255 13,375,848
-------------------------- --------- ------------ --------- ------------- -------------
8. To re-elect
Kostyantin
Zhevago as
a director 448,196,940 93.70 30,137,502 6.30 478,334,442 13,376,660
-------------------------- --------- ------------ --------- ------------- -------------
9. To authorise
the directors
to allot shares 489,923,996 99.64 1,779,507 0.36 491,703,503 7,600
-------------------------- --------- ------------ --------- ------------- -------------
10. To empower
the directors
to disapply
pre-emption
rights 490,385,200 99.74 1,288,303 0.26 491,673,503 37,600
-------------------------- --------- ------------ --------- ------------- -------------
11. To authorise
the Company
to make market
purchases of
its own shares 481,795,693 98.47 7,510,621 1.53 489,306,314 2,404,788
-------------------------- --------- ------------ --------- ------------- -------------
12. To approve
a 14 clear
days' notice
period for
a general meeting
other than
an AGM 481,242,870 97.87 10,459,633 2.13 491,702,503 8,600
-------------------------- --------- ------------ --------- ------------- -------------
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
We have engaged with a number of our shareholders in recent
weeks concerning all resolutions and would like to thank them for
giving us the opportunity to speak to them ahead of our AGM. We
note the result of Resolution 1 (To receive the 2018 Report and
Accounts) with disappointment but are pleased that the majority of
our shareholders, including the Company's major shareholders, were
supportive in their vote. The Board takes the views of shareholders
extremely seriously, and we will continue to engage with all
shareholders on this subject going forward to better understand the
reasons behind the vote result. The Chairman welcomes the
opportunity to discuss the outcome of the votes with any
shareholder who wishes to do so.
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 9.6.2R, 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 viewing at
http://www.morningstar.co.uk/uk/nsm
For further information contact:
Ferrexpo:
Ingrid McMahon +44 207 389 8304
Maitland/AMO:
Neil Bennett +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. In 2018, the Group produced 10.6 million tonnes of
pellets, a 2% increase compared to 2017, ranking it as the 3rd
largest exporter of pellets to the global steel industry with a
market share of approximately 8%. Ferrexpo has a diversified
customer base supplying steel mills in Austria, Germany, Japan,
South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey,
Vietnam and America. 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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END
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