20 Nov 2013 08:00
International Ferro Metals Limited
("IFL" or the "Company")
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 20 NOVEMBER 2013
Please find attached a copy of the resolutions passed at the Annual General Meeting of the company held today. As required by the Company's constitution all resolutions were put to the vote by a show of hands of the shareholders present in person at the meeting.
PROXY VOTES AT ANNUAL GENERAL MEETING HELD ON 20 NOVEMBER 2013
Proxies | In Favour | Against | Abstain | Discretion |
Item 1 | 304,411,125 | 11,138,052 | 27,700,271 | 4,274 |
Item 2 | 308,103,667 | 17,792,487 | 14,210,127 | 3,145,941 |
Item 3 | 318,929,577 | 12,481,393 | 8,695,311 | 3,145,941 |
Item 4 | 331,322,434 | 88,536 | 8,695,311 | 3,145,941 |
Item 5 | 331,370,484 | 40,486 | 8,693,311 | 3,145,941 |
Item 6 | 324,049,526 | 7,196,777 | 12,001,645 | 4,274 |
Item 7 | 324,049,526 | 7,196,777 | 12,001,645 | 4,274 |
Item 8 | 318,552,709 | 12,693,594 | 12,001,645 | 4,274 |
For more information please visit the Company's website, www.ifml.com or contact:
International Ferro Metals Limited
Chris Jordaan, Chief Executive Officer
Mob: + 27 (0) 82 653 1463
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.
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 20 NOVEMBER 2013
Resolution
"That, the Remuneration Report contained in the Financial Statements for the financial year ended 30 June 2013 is adopted."
Resolution
"That, in accordance with clause 21.3 of the Constitution of the Company, Mr Anthony Grey retires by rotation, and being eligible, is re-elected as a Director of the Company".
Resolution
"That, in accordance with clause 21.3 of the Constitution of the Company, Mr Xiaoping Yang retires by rotation, and being eligible, is re-elected as a Director of the Company".
Resolution
"That, in accordance with clause 21.3 of the Constitution of the Company, Mr Jannie Muller retires by rotation, and being eligible, is re-elected as a Director of the Company".
Resolution
"That, in addition to any rights to receive fully paid ordinary shares in the Company authorised to be issued under Resolutions 6 to 8, the Directors be and are hereby authorised to allot equity securities for cash in accordance with clause 3 of the Constitution of the Company provided that such powers shall be limited to the allotment of up to 27,700,402 equity securities (such authority to expire at the conclusion of the next Annual General Meeting of the Company or, if earlier, 30 November 2014). The foregoing power shall allow and enable the Directors to make an offer or agreement before the expiry of that power which would or might require securities to be allotted after such expiry and the Directors may allot equity securities pursuant to any such offer or agreement as if the power conferred hereby had not expired."
Resolution
"That, for the purposes of the LSE Listing Rules and for all other purposes, the issue under the Company's Long Term Incentive Plan ('LTIP') to Mr Chris Jordaan (a Director of the Company) or his nominee, of 917,214 performance rights entitling him to receive fully paid ordinary shares in the Company subject to satisfaction of certain performance targets and otherwise on the terms set out in the attached Explanatory Memorandum accompanying this Notice of Annual General Meeting, is hereby approved."
Resolution
"That, for the purposes of the LSE Listing Rules and for all other purposes, the issue under the Company's LTIP to Mr Jannie Muller (a Director of the Company) or his nominee, of 657,537 performance rights entitling him to receive fully paid ordinary shares in the Company subject to satisfaction of certain performance targets and otherwise on the terms set out in the attached Explanatory Memorandum accompanying this Notice of Annual General Meeting, is hereby approved."
Resolution
"That, for the purposes of the LSE Listing Rules and for all other purposes, the issue under the Company's LTIP to Mr Xiaoping Yang (a Director of the Company) or his nominee, of 606,114 performance rights entitling him to receive fully paid ordinary shares in the Company subject to satisfaction of certain performance targets and otherwise on the terms set out in the attached Explanatory Memorandum accompanying this Notice of Annual General Meeting, is hereby approved."