TIDMFXPO

RNS Number : 3878X

Ferrexpo PLC

29 April 2019

FERREXPO PLC

dIRECTOR/PDMR SHAREHOLDING

Notification pursuant to the EU Market Abuse Regulation

Ferrexpo reports that Chris Mawe, CFO, has informed the Company that he sold 2016 LTIP shares which vested on the day of announcement of the Group's 2018 financial results. Mr. Mawe has stated he sold the shares on 25 April 2019 in order to settle tax and social security liabilities that arose on vesting of the shares as well as for other expenses.

At the time of the decision and execution of the share sale, neither Mr. Mawe nor the Company had received Deloitte's letter of resignation, which was sent to the Company on the evening of 25 April 2019 and which was immediately announced on 26 April 2019 at 7am.

 
 1.             Details of the person discharging managerial responsibilities/ 
                                   person closely associated 
 a)    Name                              Chris Mawe 
      --------------------------------  ----------------------------------------------- 
 2.    Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                   Director 
      --------------------------------  ----------------------------------------------- 
 b)    Initial notification/             This is an initial notification 
        Amendment 
      --------------------------------  ----------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                              Ferrexpo plc 
      --------------------------------  ----------------------------------------------- 
 b)    LEI                               N/A 
      --------------------------------  ----------------------------------------------- 
 4.    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; (iv) each place where transactions have 
        been conducted 
      --------------------------------------------------------------------------------- 
 a)    Description of                  Ordinary shares of GBP 0.10 each 
        the financial 
        instrument, type 
        of instrument 
       Identification                  GB00B1XH2C03 
        code 
      ------------------------------  ------------------------------------------------- 
 b)    Nature of the                   (i) Acquisition of a beneficial interest 
        transaction                     in Ordinary Shares as a result of the vesting 
                                        of a tranche of Ordinary Shares awarded 
                                        under the Long-Term Incentive Plan ("LTIP") 
                                        (see c (i) below) 
                                        (ii) Disposal of beneficial interest in 
                                        Ordinary Shares by selling a number of 
                                        shares partially required in order to settle 
                                        the tax and social security liabilities 
                                        of the beneficiary that arose on vesting 
                                        with the remainder for other expenses (see 
                                        c (ii) below) 
      ------------------------------  ------------------------------------------------- 
  c)   Price(s) and volume(s)           Price(s)            Volume(s) 
                                         (i) GBP 2.6803      150,000 
                                          (ii) GBP 2.6803     150,000 
                                                            ---------- 
      ------------------------------  ------------------------------------------------- 
 d)         Aggregated information       Price(s)            Volume(s) 
              *    Aggregated volume      (i) GBP 2.6803      150,000 
                                           (ii) GBP 2.6803     150,000 
                                                             ---------- 
              *    Price 
      ------------------------------  ------------------------------------------------- 
 e)    Date of the transaction         2019-04-25 (UTC+1) 
      ------------------------------  ------------------------------------------------- 
 f)    Place of the transaction        London Stock Exchange - Regulated Market: 
                                        XLON 
      ------------------------------  ------------------------------------------------- 
 
 

AND

 
 1.            Details of the person discharging managerial responsibilities/ 
                                  person closely associated 
 a)    Name                              Jim North 
      --------------------------------  --------------------------------------------- 
 2.    Reason for the notification 
      ------------------------------------------------------------------------------- 
 a)    Position/status                   Senior Manager 
      --------------------------------  --------------------------------------------- 
 b)    Initial notification/             This is an initial notification 
        Amendment 
      --------------------------------  --------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                              Ferrexpo plc 
      --------------------------------  --------------------------------------------- 
 b)    LEI                               N/A 
      --------------------------------  --------------------------------------------- 
 4.    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; (iv) each place where transactions have 
        been conducted 
      ------------------------------------------------------------------------------- 
 a)    Description of                  Ordinary shares of GBP 0.10 each 
        the financial 
        instrument, type 
        of instrument 
       Identification                  GB00B1XH2C03 
        code 
      ------------------------------  ----------------------------------------------- 
 b)    Nature of the                   Acquisition of a beneficial interest in 
        transaction                     Ordinary Shares as a result of the vesting 
                                        of a tranche of Ordinary Shares awarded 
                                        under the Long-Term Incentive Plan ("LTIP") 
      ------------------------------  ----------------------------------------------- 
  c)   Price(s) and volume(s)           Price(s)      Volume(s) 
                                         GBP 1.9260    100,000 
                                                      ---------- 
      ------------------------------  ----------------------------------------------- 
 d)         Aggregated information       Price(s)      Volume(s) 
              *    Aggregated volume      GBP 1.9260    100,000 
                                                       ---------- 
 
              *    Price 
      ------------------------------  ----------------------------------------------- 
 e)    Date of the transaction         2019-04-26 (UTC+1) 
      ------------------------------  ----------------------------------------------- 
 f)    Place of the transaction        London Stock Exchange - Regulated Market: 
                                        XLON 
      ------------------------------  ----------------------------------------------- 
 
 

AND

 
 1.            Details of the person discharging managerial responsibilities/ 
                                  person closely associated 
 a)    Name                              Viktor Lotous 
      --------------------------------  --------------------------------------------- 
 2.    Reason for the notification 
      ------------------------------------------------------------------------------- 
 a)    Position/status                   Senior Manager 
      --------------------------------  --------------------------------------------- 
 b)    Initial notification/             This is an initial notification 
        Amendment 
      --------------------------------  --------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                              Ferrexpo plc 
      --------------------------------  --------------------------------------------- 
 b)    LEI                               N/A 
      --------------------------------  --------------------------------------------- 
 4.    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; (iv) each place where transactions have 
        been conducted 
      ------------------------------------------------------------------------------- 
 a)    Description of                  Ordinary shares of GBP 0.10 each 
        the financial 
        instrument, type 
        of instrument 
       Identification                  GB00B1XH2C03 
        code 
      ------------------------------  ----------------------------------------------- 
 b)    Nature of the                   Acquisition of a beneficial interest in 
        transaction                     Ordinary Shares as a result of the vesting 
                                        of a tranche of Ordinary Shares awarded 
                                        under the Long-Term Incentive Plan ("LTIP") 
      ------------------------------  ----------------------------------------------- 
  c)   Price(s) and volume(s)           Price(s)      Volume(s) 
                                         GBP 1.9260    50,000 
                                                      ---------- 
      ------------------------------  ----------------------------------------------- 
 d)         Aggregated information       Price(s)      Volume(s) 
              *    Aggregated volume      GBP 1.9260    50,000 
                                                       ---------- 
 
              *    Price 
      ------------------------------  ----------------------------------------------- 
 e)    Date of the transaction         2019-04-26 (UTC+1) 
      ------------------------------  ----------------------------------------------- 
 f)    Place of the transaction        London Stock Exchange - Regulated Market: 
                                        XLON 
      ------------------------------  ----------------------------------------------- 
 
 

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END

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April 29, 2019 05:02 ET (09:02 GMT)

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