Ferrexpo PLC Resignation of Non-executive Director (4086L)
03 1월 2023 - 4:00PM
UK Regulatory
TIDMFXPO
RNS Number : 4086L
Ferrexpo PLC
03 January 2023
3 January 2023
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Resignation of Non-executive Director
Ferrexpo plc (LSE: FXPO), a producer and exporter of high grade
iron ore pellets to the global steel industry, provides the
following update regarding Non-executive Director Kostyantin
Zhevago.
Further to the Company's announcement on 29 December 2022, the
Board of Directors of Ferrexpo can confirm that it has now received
Mr Zhevago's formal resignation letter, effective as of 29 December
2022.
The Company notes that the relationship agreement in place with
Mr Zhevago allows for the appointment by Mr Zhevago of a
Non-executive Director to the Board as his representative. Mr
Zhevago has not exercised this right at this time, following his
resignation.
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson
Emily Moss +44 207 920 3150
Gareth Tredway ferrexpo@tavistock.co.uk +44 7785 974 264
About Ferrexpo:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine and a premium listing on the London Stock Exchange in
the FTSE 250 index (ticker FXPO). The Group produces high grade
iron ore pellets, which are a premium product for the global steel
industry and enable reduced carbon emissions and increased
productivity for steelmakers when the Group's iron ore pellets are
converted into steel, compared to more commonly traded forms of
iron ore. Ferrexpo's operations have been supplying the global
steel industry for over 50 years, and in 2021 the Group produced
11.2 million tonnes of iron ore pellets, placing Ferrexpo as the
world's third largest exporter of pellets to the global steel
industry with a market share of approximately 9%. The Group has a
global customer base comprising of premium steel mills around the
world, which includes steel mills in Austria, Germany, Japan, South
Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam
and America. For further information, please visit www.ferrexpo.com
.
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END
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January 03, 2023 02:00 ET (07:00 GMT)
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