24 Nov 2010 12:15
International Ferro Metals Limited
("IFL" or the "Company")
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 24 NOVEMBER 2010
In accordance with Listing Rule 9.6.2 please find attached two copies 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 24 NOVEMBER 2010
Proxies | In Favour | Against | Abstain |
Item 1 | 302,679,004 | 43,673,830 | 23,811,860 |
Item 2 | 349,639,243 | 12,054,630 | 8,479,821 |
Item 3 | 354,214,894 | 8,478,979 | 7,479,821 |
Item 4 | 355,776,652 | 464,449 | 13,932,593 |
Item 5 | 362,115,588 | 578,285 | 7,479,821 |
Item 6 | 362,668,697 | 19,926 | 7,485,071 |
Item 7 | 350,454,681 | 12,223,942 | 7,495,071 |
For more information please visit the Company's website, www.ifml.com or contact:
International Ferro Metals Limited
David Kovarsky, Managing Director
Mob: +27 82 650 1192
About International Ferro Metals:
IFL is a ferrochrome producer that has recently commenced shipments from its integrated chromite mine and ferrochrome processing operations in South Africa for use in the global stainless steel industry.
Resolution
"That Remuneration Report contained in the Financial Statements for the financial year ended 30 June 2010 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, Mr John Ballard, having been appointed as a Director of the Company since the last annual general meeting, who retires in accordance with clause 20.5 of the Constitution of the Company and being eligible, is elected as a Director of the Company".
Resolution
"That, Mr Jannie Muller, having been appointed as a Director of the Company since the last annual general meeting, who retires in accordance with clause 20.5 of the Constitution of the Company and being eligible, is elected as a Director of the Company".
Resolution
"That clause 30.3 of the Company's Constitution be deleted from the Company's Constitution"
Resolution
"That the Directors be and are hereby authorised to allot equity securities for cash in accordance with clause 3 of the Company's Constitution 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 2011). 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."