Ferrexpo PLC Director/PDMR Shareholding (3878X)
29 April 2019 - 11:02AM
UK Regulatory
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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