Speciality Metals International Limited Annual Report 2020

Speciality Metals International Limited Annual Report 2020 69 SHAREHOLDER INFORMATION Page | 70 On-market buy back The Company does not have a current buy-back plan Voting rights There are no restrictions on voting rights. On a show of hands every member present or by proxy shall have one vote and upon a poll each share shall have one vote. Where a member holds shares which are not fully paid, the number of votes to which that member is entitled on a poll in respect of those partly-paid shares shall be that fraction of one vote which the amount paid up bears to the total issued price thereof. Option holders have no voting rights until the options are exercised. Audit Committee At the date of the Directors’ Report, the Company has a Committee of three Non-executive Directors that meet with the Company's external auditors at least once during each half-year. These meetings take place prior to the finalisation of the Half-Year Financial Statements and Annual Report, and prior to the signing of the Audit Report.