Globe Shareholders Approve Proposed Business Combination With Grupo FerroAtlantica

With virtually unanimous support, Shareholders of Globe Specialty Metals, Inc. GSM today approved the proposed combination with Grupo FerroAtlántica to create a leading international silicon and specialty metals producer. The vote at the special meeting of shareholders was 99.6% in favor of the deal, with 90.66% of shares voting. The transaction remains subject to regulatory approval and other customary closing conditions. Both companies continue to expect the transaction to close in the fourth quarter of 2015. Globe and FerroAtlántica first announced the agreement to merge in an all-stock transaction on February 23, 2015, creating a new holding company to be named Ferroglobe PLC.