Director/PDMR Shareholding

RNS Number : 1667A

Ferrexpo PLC

15 March 2013

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).

(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1. Name of the issuer

FERREXPO PLC

2. State whether the notification relates to

(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

This Notification relates to transactions notified in accordance with (i), DR 3.1.4R(1)(a).

3. Name of persons discharging managerial responsibilities/director

Director

Mr Christopher Mawe

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/directors named in 3 and identify the connected person

Notification only relates to person named in 3.

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Notification only relates to person named in 3.

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of 10 pence each in Ferrexpo plc ("Ordinary Shares").

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Greenwood Nominees Limited.

8 State the nature of the transaction

Upon vesting of a tranche of Ordinary Shares awarded under the Long-Term Incentive Plan ('LTIP'), the disposal of a beneficial interest in Ordinary Shares was effected by withholding from the LTIP beneficiary named in 11 below the number of shares referred to in 11 below, in order to settle the tax and social security liabilities of the beneficiary that arose on vesting.

9. Number of shares, debentures or financial instruments relating to shares acquired

N/A

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11. Number of shares, debentures or financial instruments relating to shares disposed

Withholding/sale of Ordinary Shares in respect of tax and social security liabilities

Mr Christopher Mawe  -    4,687 Ordinary Shares

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

Withholding/sale of Ordinary Shares in respect of tax and social security liabilities

Mr Christopher Mawe  -    0.0008%

13. Price per share or value of transaction

£1.99

14. Date and place of transaction

14 March 2013. Transaction took place in Jersey, Channel Islands.

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

	Beneficially held	Percentage of issued share capital	Conditional awards held in LTIP	Percentage of issued share capital
Christopher Mawe	228,516	0.0388%	240,000	0.0408%

16. Date issuer informed of transaction

15 March 2012

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

N/A

18. Period during which or date on which it can be exercised

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22. Total number of shares or debentures over which options held following notification

N/A

23. Any additional information

N/A

24. Name of contact and telephone number for queries

Mr David Leonard - [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Mr David Leonard - Company Secretary, Ferrexpo plc.

Date of notification

15 March 2013

END

 

END

 

 

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