Director/PDMR Shareholding

RNS Number : 3878X

Ferrexpo PLC

29 April 2019

 

FERREXPO PLC

dIRECTOR/PDMR SHAREHOLDING

Notification pursuant to the EU Market Abuse Regulation

Ferrexpo reports that Chris Mawe, CFO, has informed the Company that he sold 2016 LTIP shares which vested on the day of announcement of the Group's 2018 financial results.  Mr. Mawe has stated he sold the shares on 25 April 2019 in order to settle tax and social security liabilities that arose on vesting of the shares as well as for other expenses.

At the time of the decision and execution of the share sale, neither Mr. Mawe nor the Company had received Deloitte's letter of resignation, which was sent to the Company on the evening of 25 April 2019 and which was immediately announced on 26 April 2019 at 7am.

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Chris Mawe
2.	Reason for the notification
a)	Position/status		Director
b)	Initial notification/ Amendment		This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Ferrexpo plc
b)	LEI		N/A
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of GBP 0.10 each
	Identification code	GB00B1XH2C03
b)	Nature of the transaction	(i) Acquisition of a beneficial interest in Ordinary Shares as a result of the vesting of a tranche of Ordinary Shares awarded under the Long-Term Incentive Plan ("LTIP") (see c (i) below) (ii) Disposal of beneficial interest in Ordinary Shares by selling a number of shares partially required in order to settle the tax and social security liabilities of the beneficiary that arose on vesting with the remainder for other expenses (see c (ii) below)
c)	Price(s) and volume(s)	Price(s) Volume(s) (i) GBP 2.6803 (ii) GBP 2.6803 150,000 150,000
d)	Aggregated information -     Aggregated volume -     Price	Price(s) Volume(s) (i) GBP 2.6803 (ii) GBP 2.6803 150,000 150,000
e)	Date of the transaction	2019-04-25 (UTC+1)
f)	Place of the transaction	London Stock Exchange - Regulated Market: XLON

AND

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Jim North
2.	Reason for the notification
a)	Position/status		Senior Manager
b)	Initial notification/ Amendment		This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Ferrexpo plc
b)	LEI		N/A
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of GBP 0.10 each
	Identification code	GB00B1XH2C03
b)	Nature of the transaction	Acquisition of a beneficial interest in Ordinary Shares as a result of the vesting of a tranche of Ordinary Shares awarded under the Long-Term Incentive Plan ("LTIP")
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 1.9260 100,000
d)	Aggregated information -     Aggregated volume -     Price	Price(s) Volume(s) GBP 1.9260 100,000
e)	Date of the transaction	2019-04-26 (UTC+1)
f)	Place of the transaction	London Stock Exchange - Regulated Market: XLON

AND

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Viktor Lotous
2.	Reason for the notification
a)	Position/status		Senior Manager
b)	Initial notification/ Amendment		This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Ferrexpo plc
b)	LEI		N/A
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of GBP 0.10 each
	Identification code	GB00B1XH2C03
b)	Nature of the transaction	Acquisition of a beneficial interest in Ordinary Shares as a result of the vesting of a tranche of Ordinary Shares awarded under the Long-Term Incentive Plan ("LTIP")
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 1.9260 50,000
d)	Aggregated information -     Aggregated volume -     Price	Price(s) Volume(s) GBP 1.9260 50,000
e)	Date of the transaction	2019-04-26 (UTC+1)
f)	Place of the transaction	London Stock Exchange - Regulated Market: XLON

 

END

 

 

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