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30 May 2008 10:57
ο»Ώ
30Β MayΒ 2008
International Ferro Metals Limited
("IFL" or the "Company")
Issue of Equity and resultant change in Director Shareholdings
IFL announces that on 29 May 2008 a total of 816,666 unlisted options were exercised at various exercise prices by Directors. These shares rank pari passu with the existing class of ordinary shares.Β
Also on 29 May 2008 a total of 766,666Β ordinaryΒ shares were sold by directors.
The notification of transactions of directors/persons discharging managerial responsibility and connected persons for the directors are attached.
As a resultΒ of the exercise of the optionsΒ the total issued share capital of the CompanyΒ hasΒ increased to 504,827,458Β ordinary shares.
ForΒ furtherΒ informationΒ pleaseΒ contact:
International Ferro Metals Limited
Stephen Turner,Β Chief Executive Officer
Mob: +61 418 440 844Β
OR
David Kovarsky, Managing Director Mob: +27 82Β 650Β 1192
www.ifml.com
Brunswick Group
Patrick Handley / Carole Cable
Tel: +44 (0) 20 7404 5959
Numis Securities Limited
JohnΒ HarrisonΒ /Β Stuart Skinner
Tel: +44 (0) 20 7260 1000
Notes to editors:
IFL produces ferrochrome, the essential ingredient in stainless steel,Β from its integrated chromite mine and ferrochrome processing operations inΒ South Africa.
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