Result of General Meeting

RNS Number : 0081D

Ferrexpo PLC

15 March 2011

 



15 March 2011

Ferrexpo plc

("Ferrexpo" or the "Group" or the "Company")

Result of General Meeting held to approve proposed acquisition of up to 1,000 newly built open rail car wagons

Further to the announcement of 25 February 2011, Ferrexpo announces that at its General Meeting held today in London the shareholders approved a transaction under which the Group's subsidiary, Open Joint Stock Company Ferrexpo Poltava GOK Corporation ("FPM"), in which it holds approximately 97.3% of the share capital, has agreed to buy from the Open Joint Stock Company "Stakhanov Wagon Works" ("the Supplier"), 400 newly built open rail car wagons of 12-9046 model (the Open Wagons) with an option to purchase an additional 600 Open Wagons.

The Ordinary Resolution for the approval of the transaction, set out in the Notice of General Meeting dated 25 February 2011, was carried on a show of hands.  The following proxies were voted on the resolution:

For/Discretionary		Against		Total votes cast	Votes withheld1
No. of votes	% of votes cast2	No. of votes	% of votes cast2	No. of votes	No. of votes
164,154,069	99.99%	1	0.01%	164,154,070	555,164

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

A copy of the resolution passed at the meeting has been submitted to the FSA's National Storage Mechanism facility and will shortly be available for inspection there.

For further information please contact:

David Leonard

Company Secretary

[phone]

 

END

 

 

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