(Alliance News) - Ferrexpo PLC on Friday said it will engage with shareholders after nearly a third of votes at a general meeting rejected the iron ore firm's bid to re-elect Vitalii Lisovenko as a non-executive director.
Ferrexpo said just over 68% of shareholders accepted the motion, with just under 32% rejecting it.
"Considering there was more than 20% votes cast against the resolution at the general meeting today, the 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 company said.
Ferrexpo shares were 5.9% higher at 186.30 pence each in London on Friday afternoon.
By Eric Cunha; email@example.com
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