Ferrexpo (GB:FXPO) has released an update.
At Ferrexpo’s recent AGM, all resolutions were passed except for those regarding the directors’ authority to allot shares and disapply pre-emption rights, which faced significant opposition due to concerns of share dilution by the largest shareholder. The re-appointment of Vitalii Lisovenko as an Independent Non-executive Director did not pass the independent shareholders’ vote and will be subject to a second vote. The company plans to engage with shareholders to understand their concerns and will report on this engagement within six months.
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