Ferrexpo PLC Court of Appeal Ruling (7933O)
03 Juni 2020 - 8:11AM
UK Regulatory
TIDMFXPO
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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END
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