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Ferrexpo plc (FXPO)

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Wednesday 03 June, 2020

Ferrexpo plc

Court of Appeal Ruling

RNS Number : 7933O
Ferrexpo PLC
03 June 2020
 

 

 

3 June 2020

FERREXPO PLC

("Ferrexpo" or the "Group")


Ferrexpo AG Kyiv Court of Appeal Ruling

 
On 31 January 2020, the Group advised that a Ukrainian court had placed a restriction covering 50.3% of the shares in Ferrexpo Poltava Mining (FPM) held by Ferrexpo AG Switzerland, the sole shareholder in FPM.

 

Ferrexpo is pleased to announce that yesterday the Kyiv Court of Appeal fully satisfied the appeal of Ferrexpo AG. This means that the restriction covering 50.3% of the shares in Ferrexpo Poltava Mining has been cancelled. The decision of the Kyiv Court of Appeal is the highest court ruling in this case and as such this is the final stage in the appeals process.

 

 

For further information, contact:

Ferrexpo:

Ingrid McMahon

+44 207 389 8304

 

Maitland/AMO:

James Isola

+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 3rd 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. For further information, please visit www.ferrexpo.com

 


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