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First Day of Dealings
International Ferro Metals Limited (LSE:IFL), the integrated ferrochrome producer, today announces that its shares have been admitted to the Official List of the Financial Services Authority and to trading on the main market of the London Stock Exchange for listed securities (the “Admission”). Following cancellation of trading in the ordinary shares of IFL on AIM, dealings in the ordinary shares of the Company will commence on the London Stock Exchange’s main market today at 8.00 am.
The prospectus prepared by the Company in connection with the move to the Official List is available on the Company's website at www.ifml.com and is also available free of charge at the Company's registered office and the offices of Baker & McKenzie LLP at 100 New Bridge Street, London EC4V 6JA..
This announcement does not constitute an offer or invitation to any person to subscribe for or purchase any securities in the Company or any other entity. This announcement has been issued by the Company and is the sole responsibility of the Company.
Numis Securities Limited is sponsor, financial adviser and broker to the Company. Numis Securities Limited is acting for the Company and no one else in connection with Admission and will not be responsible to any other person for providing the protections afforded to customers of Numis Securities Limited or for providing advice in relation to Admission.
ENDS
For further information, please contact:
International Ferro Metals Limited
Stephen Turner, Managing Director
Mob: +61 418 440 844
www.ifml.com
Brunswick Group
Patrick Handley / Carole Cable
Tel: +44 (0) 20 7404 5959
Numis Securities Limited
John Harrison / Stuart Skinner
Tel: +44 (0) 20 7260 1000
Notes to editors:
IFL is an integrated ferrochrome producer that has recently commenced shipments from its integrated chromite mine and ferrochrome processing operations in South Africa for use in the global stainless steel industry.
IFL successfully raised £85.2 million (before expenses) through a placing in July 2007. The money raised will be used to fund the planned expansion of IFL’s existing chromite mining and ferrochrome processing operations at the Buffelsfontein mine, involving the construction of up to three additional furnaces, a pelletising and sintering plant and a beneficiation plant.
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