In addition, non-executive director and Ukrainian billionaire, Kostyantin Zhevago, who holds the controlling share of Ferrexpo through Fevamotinico, saw 36.4% votes against his re-appointment. The company noted the dissent in its voting results, stating that it believed that 'certain of these voting outcomes arose due to a shareholder expressing concerns regarding the number of directorships that certain directors hold'. However, it also confirmed that it is 'comfortable that each of the directors is able to devote sufficient time to their roles'.