Ferrexpo PLC
07 April 2008
Ferrexpo PLC
7 April 2008
Ferrexpo plc ('Ferrexpo' or the 'Company')
DISCLOSURE IN RELATION TO A CHARGE OVER 443,326,059 ORDINARY SHARES
In accordance with DTR 3.1.2, the Company announces that it received
notification on 7 April 2008 from Fevamotinico S.a.r.l, a connected person of Mr
Kostyantyn Zhevago, that a charge over 443,326,059 of its ordinary shares in
Ferrexpo plc (the 'Pledged Shares') has been granted in favour of JPMorgan Chase
Bank, N.A. This replaces the charge over 443,326,058 ordinary shares of Ferrexpo
plc in favour of Deutsche Bank AG, London Branch announced on 5 February 2008.
In accordance with the Listing Rules, the Company announces that it has been
notified that the Global Co-Ordinator and Underwriters have, pursuant to an
exemption in the lock-up agreement entered into at the time of the Company's
IPO, given their prior written consent to the grant of the Pledged Shares as
security to JPMorgan Chase Bank, N.A for a loan. For the avoidance of doubt,
this consent allows the potential disposal of the Pledged Shares were the pledge
to be enforced during the lock-up period.
The details of the transaction are as follows:
Notifying Fevamotinico S.a.r.l., a connected person of Mr Kostyantyn
Party: Zhevago
Reason for Fevamotinico S.a.r.l. is a holder of 443,905,923 ordinary shares
responsibility of 10p each in Ferrexpo plc
to notify:
Name of Ferrexpo plc
Issuer:
Nature of Charge over 443,326,059 ordinary shares of 10p each of Ferrexpo
Transaction: plc in favour of JPMorgan Chase Bank, N.A. pursuant to a charge
over shares and accounts between Fevamotinico S.a.r.l. and
JPMorgan Chase Bank, N.A. dated 7 April 2008.
Date and Place 7 April, City of London, United Kingdom
of
Transaction:
Price and 443,326,059 ordinary shares of 10p each of Ferrexpo plc. No
Volume: applicable price (charge over shares).
The charge over 443,326,058 ordinary shares of 10p each of Ferrexpo plc in
favour of Deutsche Bank AG, London Branch has been released pursuant to a deed
of release dated 7 April 2008.
The lockup agreement was entered into by Fevamotinico S.a.r.l. with the Company
and the Global Co-Ordinator and Underwriters, being JPMorgan Cazenove Limited,
Deutsche Bank AG, London Branch and J.P. Morgan Securities Ltd respectively.
For further information please contact:
Gavin Mackay
Ferrexpo PLC
Tel: +44 20 7389 8300
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.