Kyiv Court Cancels Ferrexpo AG Share Restriction

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	[e-mail]		[phone]
Maitland/AMO:
James Isola	[e-mail]		[phone]

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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