RNS Number:8211R
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

END
MSCUUUQACUPRGMM
Ferrexpo (LSE:FXPO)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Ferrexpo Charts.
Ferrexpo (LSE:FXPO)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Ferrexpo Charts.