Ferrexpo PLC Update on Free Float (8308V)
18 Dezember 2013 - 8:00AM
UK Regulatory
TIDMFXPO
RNS Number : 8308V
Ferrexpo PLC
18 December 2013
18 December 2013
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company")
Update on Free Float
In order to remain within the FTSE UK Index Series, Ferrexpo is
required to increase its free float from 23.3% to at least 25% by 4
March 2014.
The Company has been informed by Fevamotinico S.a r.l., which is
ultimately controlled by Kostyantin Zhevago, that it intends to
sell approximately 4.1 million shares to reduce its holding from
51% to 50.3% and increase the free float to 24%. The Company has
also been informed that BXR Group intends to make disposal of
shares sufficient to bring the free float of the Group to the
required 25% level before 4 March 2014.
For further information, please contact:
Ferrexpo:
Ingrid McMahon +44 207 389 8304
Brunswick Group
Carole Cable +44 207 404 5959
Richard Meredith +44 207 404 5959
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 35 years.
Ferrexpo's resource base is one of the largest iron ore deposits in
the world. In 2012, the subsidiary, Ferrexpo Poltava Mining (FPM),
produced 9.3 million tonnes of iron ore pellets, while first ore
was reached at the new Ferrexpo Yeristovo Mining (FYM) open pit.
Ferrexpo was the largest exporter of pellets in the CIS in 2012.
The Group has a diversified customer base supplying steel mills in
Austria, Slovakia, Czech Republic, Germany and other European
states, as well as in China, India, Japan, Taiwan and South Korea.
Ferrexpo is listed on the main market of the London Stock Exchange
under the ticker FXPO. For further information, please visit
www.ferrexpo.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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