12 Nov 2009 07:01
International Ferro Metals Limited
("IFL" or the "Company")
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 12 NOVEMBER 2009
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 12 NOVEMBER 2009
| Proxies | In Favour | Against | Abstain |
| Item 1 | 231,754,163 | 96,792,536 | - |
| Item 2 | 269,043,433 | 68,356,027 | - |
| Item 3 | 272,829,217 | 64,570,243 | - |
| Item 4 | Withdrawn as the person involved retired before the meeting | ||
| Item 5 | 272,842,156 | 65,594,004 | - |
| Item 6 | 246,402,219 | 90,487,597 | - |
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.
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 12 NOVEMBER 2009
Resolution
"That Remuneration Report contained in the Financial Statements for the financial year ended 30 June 2009 is adopted."
Resolution
"That, in accordance with clause 21.3 of the Constitution of the Company, Mr Stephen Turner 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 Stephen Oke retires by rotation, and being eligible, is re-elected as a Director of the Company".
Resolution
"That clause 3.7 of the Company's Constitution be amended by reducing the period in which a pre-emption offer may be accepted by Shareholders from 21 days to 14 days."
Resolution
"That the Directors be and are hereby authorised to allot equity securities for cash in accordance with new clause 3 of the Company's Constitution provided that such powers shall be limited to the allotment of up to 55,400,805 equity securities (such authority to expire at the conclusion of the next Annual General Meeting of the Company or, if earlier, 30 November 2010). 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 as if the power conferred hereby had not expired."