Update on shareholder dispute (7748A)
04 4월 2012 - 3:00PM
UK Regulatory
TIDMFXPO
RNS Number : 7748A
Ferrexpo PLC
04 April 2012
4 April 2012
Ferrexpo plc ("Ferrexpo")
Update on shareholder dispute
Ferrexpo announces today that it has received judgement on its
jurisdictional proceedings in the UK in relation to a long standing
shareholder dispute at Ferrexpo Poltava Mining (as announced on 19
December 2011). The judge has applied a stay of proceedings in the
UK while the case continues in Ukraine.
The board of directors of Ferrexpo has received legal advice
that the Ukrainian proceedings are without merit.
Ferrexpo:
Ingrid McMahon +44 207 389 8304
Emma Villiers +44 207 389 8306
Pelham Bell Pottinger
Charles Vivian +44 207 861 3126
Lorna Spears +44 207 861 3883
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine. It is principally involved in the production and export
of high quality iron ore pellets, which are used in the manufacture
of steel. Ferrexpo's resource base is one of the largest iron ore
deposits in the world. Its current producing asset, FPM, produced
approximately 10 million tonnes of iron ore pellets in 2010 making
it the largest exporter of pellets in the CIS. The Company has a
diversified customer base supplying steel mills in Austria, Serbia,
Slovakia, Czech Republic, Germany and other European states, as
well as in China, India, Japan, and other Asian countries. 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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