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BRIEF-International Ferro Metals Says Appoints Voluntary Administrators

Published 31/07/2018, 09:48 pm
© Reuters.  BRIEF-International Ferro Metals Says Appoints Voluntary Administrators

July 31 (Reuters) - International Ferro Metals Ltd IFL.L :

* APPOINTMENT OF VOLUNTARY ADMINISTRATORS

* APPOINTMENT OF VOLUNTARY ADMINISTRATORS

* JANNIE MULLER, FINANCE DIRECTOR OF COMPANY, HAS RESIGNED FROM BOARD WITH IMMEDIATE EFFECT

* PHILIP CAMPBELL-WILSON, JOHN MCINERNEY OF GRANT THORNTON AUSTRALIA APPOINTED TO ACT AS VOLUNTARY ADMINISTRATORS OF COMPANY

* COMPANY IS REGISTERED IN AUSTRALIA IT WILL BE SUBJECT TO AUSTRALIAN VOLUNTARY ADMINISTRATION PROCESS

* TRADING IN SHARES OF IFL REMAIN SUSPENDED ON LONDON STOCK EXCHANGE

* DETERMINED CO'S SHAREHOLDERS WERE NOT LIKELY TO RECEIVE ANY DISTRIBUTION FROM CONCLUSION OF BUSINESS RESCUE PROCESS

* TRADING IN SHARES OF IFL REMAIN SUSPENDED ON LONDON STOCK EXCHANGE

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