17th Nov 2005 07:01
International Ferro Metals Limited17 November 2005 17 NOVEMBER 2005 International Ferro Metals Limited ("the Company") Appointment of two non-executive Directors The Company is pleased to announce the appointment of UK based, Stephen Oke andChina based, Tian Xia as a non-executive directors of the Board with immediateeffect. Stephen Douglas Oke, aged 51, is an experienced corporate financier having beenHead of International Corporate Finance for Standard Bank in London for the pastfour years. Prior to that he was a Director at NM Rothschild & Sons and MerrillLynch. His experience includes nine years based in Johannesburg, South Africaworking for JCI Co. Ltd, Mathison & Hollidge Inc. and BP Coal (Pty) Ltd. Tian Xia, aged 35, is a Director in the Financial Department of Jiuquan Iron &Steel (Group) Co. Ltd, China (Jisco). She commenced working for Jisco as anaccountant in July 1992 and has worked for Jisco since, as division manager,division deputy director and department deputy director for various companieswithin the Jisco group. The Company has a strategic alliance with JISCO andJISCO is a significant shareholder in the Company. Ms Xia has held a RegisteredChina National Accountant Certificate since 1996. Commenting on both appointments today MD, Stephen Turner, said: "We're thrilledto welcome Stephen and Tian to the board. As an AIM listed Company it'simperative that we have board representation in the UK. Stephen's corporateexperience and knowledge of South Africa makes him an ideal candidate.Likewise, Tian's financial expertise and understanding of the Chinese marketwill greatly enhance our board. We are thrilled to have directors of such highcalibre and significant experience join our Board and I look forward to workingwith them as we take the Company forward." A full list of Mr Oke's and Ms Xia's current and former Directorships over thepast five years, in accordance with paragraph F of Schedule 2 of the AIM rules,are set out at Appendix 1. The Company confirms that no other details arerequired to be disclosed under paragraph F of Schedule 2 of the AIM rules withrespect to Mr Oke nor Ms Xia. The Company also announced that following these appointments, options of 500,000ordinary shares have been granted at 35p to the non-executive directors asfollows: Director No of options granted Total no of optionsStephen Douglas Oke 250,000 250,000Terence Vincent Coleman Willsteed 250,000 250,000 The options can be exercisable immediately and expire on 31 October 2008. For further information please contact: Stephen Turner, Managing Director International Ferro Metals Limited Mob: 07748 245 691 Simon Robinson / Ana Ribeiro Parkgreen Communications Tel: 020 7493 3713 Appendix 1 Stephen Oke Current Directorships Former Directorships (within past 5 years) Kazakhgold Group Limited NM Rothschild Corporate Finance Limited Tian Xia Current Directorships Former Directorships (within past 5 years) Hongda Construction Material Company none This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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