Ferrexpo PLC — AGM Information 2017

May 25, 2017

National Storage Mechanism | Additional information

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RNS Number : 2901G

Ferrexpo PLC

25 May 2017

25 May 2017 

FERREXPO plc

("Ferrexpo" or the "Group")

Results of AGM

The results of voting at Ferrexpo's annual general meeting held today, 25 May 2017, are summarised below.  All Resolutions were voted by way of a poll and were carried.

As previously announced, Sir Malcolm Field, an Independent Director, did not seek re-election at the AGM. The Board has benefited greatly from his experience and wishes to thank him for his service.  

As stated in the Company's AGM Notice and under Listing Rule 9.2.2.F, a resolution to elect or re-elect an Independent Director must be passed by both a majority of the independent shareholders (i.e. shareholders of the Company who are entitled to vote on the election of Directors and who are not controlling shareholders) and a majority of all shareholders (including the majority shareholder). In order to determine this, votes cast by the independent shareholders were counted separately in respect of the election and re-election of Vitalii Lisovenko, Oliver Baring, Bert Nacken and Mary Reilly and are set out below.

	For/Discretion			Against		Total votes cast	Votes withheld1
Resolution	No. of votes		% of votes cast2	No. of votes	% of votes cast2	No. of votes	No. of votes
1.  To receive the 2016 Report and Accounts	445,631,318		99.73	1,212,394	0.27	446,843,712	220,370
2.  To approve the Remuneration Report (apart from the remuneration policy)	435,764,713		97.76	9,982,840	2.24	445,747,553	1,316,528
3. To approve the remuneration policy set out in the Remuneration Report	434,082,714		97.39	11,616,505	2.61	445,699,219	1,364,862
4. To approve the 3.3 US cents final dividend	445,851,688		99.73	1,212,394	0.27	447,064,082	0
5. To appoint Deloitte LLP as auditors	445,814,976		99.72	1,249,106	0.28	447,064,082	0
6. To authorise the Audit Committee to determine the auditors' remuneration	445,848,410		99.73	1,214,877	0.27	447,063,287	795
7. To elect Vitalii Lisovenko as a director	All	441,406,011	99.59	1,832,041	0.41	443,238,052	3,826,030
Independent	145,328,067	98.76	1,832,041	1.24	147,160,108	3,826,030
8. To re-elect Oliver Baring as a director	All	445,070,885	99.55	1,993,196	0.45	447,064,081	0
Independent	148,992,941	98.68	1,993,196	1.32	150,986,137	0
9. To re-elect Stephen Lucas as a director	433,926,554		97.90	9,309,897	2.10	443,236,451	3,827,630
10.  To re-elect Christopher Mawe as a director	440,783,139		99.45	2,455,313	0.55	443,238,452	3,825,630
11. To re-elect Bert Nacken as a director	All	439,885,591	99.55	1,990,956	0.45	441,876,547	5,187,534
Independent	143,807,647	98.63	1,990,956	1.37	145,798,603	5,187,534
12. To re-elect Mary Reilly as a director	All	439,883,591	99.55	1,990,956	0.45	441,874,547	5,189,534
Independent	143,805,647	98.63	1,990,956	1.37	145,796,603	5,189,534
13. To re-elect Kostyantin Zhevago as a director	441,371,939		99.58	1,866,513	0.42	443,238,452	3,825,630
14. To authorise the directors to allot shares	445,706,282		99.70	1,357,400	0.30	447,063,682	400
15. To empower the directors to disapply pre-emption rights	442,016,104		98.87	5,041,915	1.13	447,058,019	6,063
16.  To authorise the Company to make market purchases of its own shares	444,874,913		99.68	1,412,726	0.32	446,287,639	776,442
17. To approve a 14 clear days' notice period for a general meeting other than an AGM	440,537,077		98.54	6,527,005	1.46	447,064,082	0

1.          A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution

2.          Excluding votes withheld

As at the date of the AGM, the Company's issued share capital (excluding treasury shares) consisted of 588,624,142 Ordinary Shares carrying one vote each. Therefore, the total number of voting rights as at the date of the AGM was 588,624,142.

In accordance with Listing Rule 9.6.2, Ferrexpo plc has submitted a copy of the resolutions dealing with the special business put to shareholders at the AGM today to the National Storage Mechanism, which will shortly be available for inspection at www.Hemscott.com/nsm.do.

For further information contact:

Ferrexpo:
Ingrid McMahon	+44 203 389 8304
Maitland:
James Isola	+44 207 379 5151

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is currently the 3rd largest exporter of pellets to the global steel industry and the largest exporter of pellets from the Former Soviet Union. In 2016, it produced 11.2 million tonnes of pellets reflecting a 2% increase in production of the Group's highest quality pellets to a record 10.5 million tonnes. Ferrexpo has a diversified customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

This information is provided by RNS

The company news service from the London Stock Exchange

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