Ferrexpo PLC Kyiv Court Cancels Ferrexpo AG Share Restriction (8386G)
30 Novembre 2020 - 08:00AM
UK Regulatory
TIDMFXPO
RNS Number : 8386G
Ferrexpo PLC
30 November 2020
Ferrexpo plc
Kyiv Court Cancels Ferrexpo AG Share Restriction
30 November 2020
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company")
Kyiv Court Cancels Ferrexpo AG Share Restriction
Ferrexpo advises that it has been successful in its motion to a
Ukrainian court to cancel the restriction covering 50.3% of the
shares in Ferrexpo Poltava Mining ("FPM") held by Ferrexpo AG
Switzerland.
On 19 June 2020, the Group announced that a district court of
first instance (the "Court") had placed a restriction on 50.3% of
the shares in FPM. Subsequent to that announcement, the Group
announced on 6 October 2020 that it had been unsuccessful in its
appeal against this court order. Following a new motion to cancel
the restriction, which was filed with the Court in November 2020,
the Group has been successful in cancelling this restriction. The
Group understands that the new ruling of the Court to cancel the
restriction on 50.3% of the shares in FPM cannot be appealed.
This announcement contains inside information in relation to the
Company. The person responsible for making this notification is
Mark Gregory, Company Secretary.
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Maitland/AMO:
James Isola jisola@maitland.co.uk +44 207 379 5151
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine. It has been mining, processing and selling high quality
iron ore pellets to the global steel industry for over 40 years. In
2019, the Group produced 10.5 million tonnes of pellets ranking it
as the world's 3(rd) largest exporter of pellets to the global
steel industry with a market share of approximately 8%. Ferrexpo
has a diversified customer base supplying steel mills in Austria,
Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech
Republic, Turkey, Vietnam and America. Ferrexpo has a premium
listing on the main market of the London Stock Exchange under the
ticker FXPO. For further information, please visit
www.ferrexpo.com
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