Ferrexpo PLC Results of General Meeting (1856M)
17 September 2021 - 9:54PM
UK Regulatory
TIDMFXPO
RNS Number : 1856M
Ferrexpo PLC
17 September 2021
17 September 2021
FERREXPO PLC
("Ferrexpo", the "Group" or the "Company")
General Meeting voting results
Ferrexpo announces the result of the General Meeting that was
held today, the purpose of which was for shareholders to vote on
the re-election of Vitalii Lisovenko as a Non-executive Director of
the Company ("Resolution"). As noted in the Notice of General
Meeting dated 25 August 2021, in accordance with the provisions of
Listing Rule 9.2.2F, the resolution to re-elect Mr Lisovenko
required an approval by a majority of all shareholders voting at
the meeting.
Following today's General Meeting, the Company confirms that the
Resolution was passed by way of a poll as an Ordinary
Resolution.
Voting results:
For/Discretion Against Total votes Votes withheld(1)
cast
Resolution No. of % of votes No. of % of votes No. of votes No. of votes
votes cast(2) votes cast(2)
------------ ----------- ------------ ----------- ------------- ------------------
1. To re-elect
Vitalii Lisovenko
as a director 348,221,077 67.44% 168,095,255 32.56% 516,316,332 35,068
------------ ----------- ------------ ----------- ------------- ------------------
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
Following the Company's Annual General Meeting held on 27 May
2021, the Company has engaged with shareholders, and in particular
has consulted with a number of independent shareholders.
Considering there was more than 20% votes cast against the
Resolution at the General Meeting today, t he Company remains
committed to consultation with its shareholders on all significant
matters and continue its policy of maintaining an open dialogue,
and will consult further with shareholders in relation to the
outcome of today's General Meeting to understand the reasons behind
the result. The Board will publish an update on shareholder
engagement regarding this matter within 6 months of today's General
Meeting.
As at the date of the General Meeting, 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 General Meeting was
588,624,142.
In accordance with Listing Rule 9.6.2, Ferrexpo has submitted a
copy of the resolutions dealing with the special business put to
shareholders at the General Meeting today to the National Storage
Mechanism, which will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please contact:
Ferrexpo:
Marc Gregory m.gregory@ferrexpo.ch +44 207 389 8309
Tavistock:
Jos Simson +44 207 920 3150
Gareth Tredway ferrexpo@tavistock.co.uk +44 7785 974 264
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 over 40 years. In
2020, the Group produced 11.2 million tonnes of iron ore pellets, a
7% increase on the prior year. The Company is ranked as the world's
3rd largest exporter of pellets to the global steel industry with a
market share of approximately 9%. 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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