Last checked at 25 May 2017 17:18
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 cast | Votes withheld1 | ||||
Resolution | No. of votes | % of votes cast2 | No. of votes | % of votes cast2 | No. of votes | No. of votes | |
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 | +44 203 389 8304
|
Maitland: | |
James Isola | +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. 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