5 Dec 2008 16:27
5 December 2008
International Ferro Metals Limited
("IFL" or the "Company")
Change in Director Shareholdings
IFL announces that on 1 December 2008 and on 3 December 2008 a total of 83,333 ordinary shares were purchased at 17p each on market by Terrence Willsteed, a non executive director.
The notification of transactions of directors/persons discharging managerial responsibility and connected persons for the directors is attached.
For further information please contact:
International Ferro Metals Limited
Stephen Turner, Chief Executive Officer
Mob: +61 418 440 844
OR
David Kovarsky, Managing Director Mob: +27 82 650 1192
www.ifml.com
Brunswick Group
Patrick Handley / Carole Cable
Tel: +44 (0) 20 7404 5959
Numis Securities Limited
John Harrison / Stuart Skinner
Tel: +44 (0) 20 7260 1000
Notes to editors:
IFL produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa. Annex DTR3
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
All relevant boxes should be completed in block capital letters.
| 1. | Name of the issuer International Ferro Metals | 2. | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). (i) a transaction notified in accordance with DTR 3.1.2 R |
| 3. | Name of person discharging managerial responsibilities / director Terrence Willsteed | 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities / director named in 3 and identify the connected person Non-Executive Director |
| 5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1 Of person in 3. | 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares Ordinary Shares of no par value |
| 7. | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them Patermat Pty Ltd atf T V Willsteed & Associates Pty Ltd Superannuation Fund. | 8. | State the nature of the transaction Purchase of shares - on market |
| 9. | Number of shares, debentures or financial instruments relating to shares acquired 83,333 ordinary shares | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.01% |
| 11. | Number of shares, debentures or financial instruments relating to shares disposed Not applicable | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) Not applicable |
| 13. | Price per share or value of transaction 17 pence per share | 14. | Date and place of transaction London Stock Exchange - 1/12/08 and 3/12/08 |
| 15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 250,000 ordinary shares or 0.04% | 16. | Date issuer informed of transaction 05/12/08 |
| 17. | Date of grant | 18. | Period during which or date on which exercisable |
| 19. | Total amount paid (if any) for grant of the option | 20. | Description of shares or debentures involved (class and number) |
| 21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise | 22. | Total number of shares or debentures over which options held following notification |
| 23. | Any additional information | 24. | Name of contact and telephone number for queries Stephen Turner, Chief Executive Officer Tel: +61 418 440 844 |
| Name of authorised official of issuer responsible for making notification Wayne Kernaghan Date of notification 05/12/2008 |
Notes: This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4.
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.