3 Oct 2014 11:55
3 October 2014
International Ferro Metals Limited
("IFL" or the "Company")
Financial Results for the year to 30 June 2014
Director's dealing in shares
The Company was today informed that all nine members of the Board have purchased shares in International Ferro Metals, totalling 1.5 million shares all at a price of 7.10p, taking the Board's total holding to 2.462% of the Company's issued share capital.
This underlines the Board's confidence in the Company, as demonstrated by the return to profitability announced on 29 September.
Tony Grey has purchased 200,000 ordinary shares in the Company at a price of 7.10 pence. Following this transaction, Mr Grey holds a total of 1,766,667 shares in IFL representing 0.319% of the Company's issued share capital.
Stephen Turner has purchased 200,000 ordinary shares in the Company at a price of 7.10 pence. Following this transaction, Mr Turner holds a total of 7,591,667 shares in IFL representing 1.370% of the Company's issued share capital.
Chris Jordaan has purchased 100,000 ordinary shares in the Company at a price of 7.10 pence. Following this transaction, Mr Jordaan holds a total of 400,000 shares in IFL representing 0.072% of the Company's issued share capital.
Jannie Muller has purchased 150,000 ordinary shares in the Company at a price of 7.10 pence. Following this transaction, Mr Muller holds a total of 400,000 shares in IFL representing 0.072% of the Company's issued share capital.
Tian Xia has purchased 200,000 ordinary shares in the Company at a price of 7.10 pence. Following this transaction, Ms Xia holds a total of 466,667 shares in IFL representing 0.084% of the Company's issued share capital.
Xiaoping Yang has purchased 200,000 ordinary shares in the Company at a price of 7.10 pence. Following this transaction, Mr Yang holds a total of 466,667 shares in IFL representing 0.084% of the Company's issued share capital.
Stephen Oke has purchased 100,000 ordinary shares in the Company at a price of 7.10 pence. Following this transaction, Mr Oke holds a total of 350,000 shares in IFL representing 0.063% of the Company's issued share capital.
Terry Willsteed has purchased 150,000 ordinary shares in the Company at a price of 7.10 pence. Following this transaction, Mr Willsteed holds a total of 1,500,000 shares in IFL representing 0.271% of the Company's issued share capital.
John Ballard has purchased 200,000 ordinary shares in the Company at a price of 7.10 pence. Following this transaction, Mr Ballard holds a total of 700,000 shares in IFL representing 0.126% of the Company's issued share capital.
For further information please visit www.ifml.comor contact:
International Ferro Metals Limited
Chris Jordaan, Chief Executive Officer
Mob: +27 (0) 82 653 1463
Brunswick Group
Carole Cable / Fiona Micallef-Eynaud
Tel: +44 (0) 20 7404 5959
Numis Securities Limited
James Black / Stuart Skinner / John Prior
Tel: +44 (0) 20 7260 1000
About International Ferro Metals
International Ferro Metals produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa. International Ferro Metals is listed on the London Stock Exchange under the symbol IFL.
Forward Looking Statements
This announcement contains certain forward looking statements which by their nature contain risk and uncertainty because they relate to future events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.