Ferrexpo PLC Interim Dividend Announcement (1365A)
18 Gennaio 2024 - 8:00AM
UK Regulatory
TIDMFXPO
RNS Number : 1365A
Ferrexpo PLC
18 January 2024
18 January 2024
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Interim Dividend Announcement
Ferrexpo plc (LSE: FXPO), producer of premium iron ore pellets
for the transition to lower carbon and green steel is pleased to
announce an interim dividend of 3.3 US cents. The Group performed
well in the second half of 2023, production optimisation together
with an improved pricing environment has allowed the Board to
consider an interim dividend. The Group has also approved a salary
increase and bonus payment for its workforce in Ukraine as well as
continued expenditure under its humanitarian fund.
Commenting on the announcement, Lucio Genovese, Executive Chair
said:
"We exceeded our expectations in 2023 thanks to improved demand,
production optimisation and higher iron ore prices. After paying
taxes, maintenance and expansion capital, our year end financial
position is stronger than at the start of the year. The new year
has also started well for the iron ore industry with signs of an
increase in pellet demand, providing the confidence to restart a
second pellet line to meet export demand.
The Group remains committed to supporting all stakeholders in
Ukraine, the Poltava region and the local communities where it
operates. We are pleased to announce that we are providing a bonus
payment and wage increase for our Ukrainian workforce and will
continue to spend under the Company's humanitarian fund for
2024."
The interim dividend announced today will be paid on 23 February
2024 to shareholders on the register at the close of business on 26
January 2024. It will be paid in UK Pounds Sterling, with an
election to receive in US Dollars.
Contact:
For further information, please contact:
Ferrexpo:
+44 (0)20 7389 8305 / +44 (0)7733
Nick Bias n.bias@ferrexpo.ch 177 831
Ira Flyunt i.flyunt@ferrexpo.ch +44 (0)20 7389 8300
Tavistock:
Jos Simson +44 (0)20 7920 3150 / +44 (0)7899
Gareth Tredway ferrexpo@tavistock.co.uk 870 450
About Ferrexpo:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine and a premium listing on the London Stock Exchange in
the FTSE 250 index (ticker FXPO). The Group produces high grade
iron ore pellets, which are a premium product for the global steel
industry and enable reduced carbon emissions and increased
productivity for steelmakers when converted into steel, compared to
more commonly traded forms of iron ore. Ferrexpo's operations have
been supplying the global steel industry for over 50 years. Before
Russia's invasion of Ukraine in February 2022, the Group was the
world's third largest exporter of pellets to the global steel
industry. The Group has a global customer base comprising of
premium steel mills around the world, which includes steel mills in
Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the
Czech Republic, Turkey, Vietnam and America. For further
information, please visit www.ferrexpo.com .
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END
DIVUWUNRSRUAARR
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January 18, 2024 02:00 ET (07:00 GMT)
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