26 Oct 2015 07:00
International Ferro Metals Limited - Publication of accounts and IFMSA Business Rescue updateInternational Ferro Metals Limited - Publication of accounts and IFMSA Business Rescue update
PR Newswire
London, October 24
26 October 2015
International Ferro Metals Limited
(“IFL” or the “Company”)
Publication of accounts and IFMSA Business Rescue process update
Further to the announcement released by the Company on 15 September 2015, IFL announces that the business rescue process at its South African subsidiary, International Ferro Metals (SA) (Pty) Limited (“IFMSA”), continues on schedule, with the Business Rescue Plan still expected to be published by 30 November 2015.
As a result of the ongoing business rescue process, the Company is not in a position to publish its annual report and accounts for the year ended 30 June 2015 by the end of October 2015 (“2015 Annual Report”). The Company expects to publish its 2015 Annual Report during December 2015 following the publication of the Business Rescue Plan. The Company continues to work with the business rescue practitioner in respect of IFMSA with the aim of maximising value to all stakeholders.
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For further information please visit www.ifml.com or contact:
International Ferro Metals Limited Tel: +27 14 574 6302
Chris Jordaan, Chief Executive Officer
Numis Securities Limited Tel: +44 (0) 20 7260 1000
James Black / John Prior / Paul Gillam
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 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.