Ferrexpo PLC Transfer of Treasury Shares & Total Voting Rights (5118S)
10 3월 2023 - 4:00PM
UK Regulatory
TIDMFXPO
RNS Number : 5118S
Ferrexpo PLC
10 March 2023
10 March 2023
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Transfer of Treasury Shares to Employee Benefit Trust and Total
Voting Rights
Ferrexpo plc (LSE: FXPO), a producer and exporter of high grade
iron ore pellets to the global steel industry, with operations in
central Ukraine, hereby notifies that, following a Board Resolution
dated 20 January 2023, the Company transferred 9,513,000 shares
from treasury (the "Shares") to the Group's Employee Benefit Trust
("EBT") on 9 March 2023, at a price of 140.3 pence per share, being
the closing share price of the Company's ordinary shares on the
London Stock Exchange on 8 March 2023. The transfer of shares
announced today will serve to establish the Group's newly formed
EBT to satisfy employee incentive awards granted pursuant to the
Company's employee share schemes.
No new shares have been issued, with the Company utilising
shares that have been held in treasury since a buyback of shares
that was completed in September 2008.
In accordance with standard market practice for UK listed
companies, the Group has provided a non-interest bearing loan to
the EBT to fund the acquisition price of the Shares.
The Company announces that, as at 9 March 2023, following the
transfer of the Shares, the Company's issued share capital consists
of 613,967,956 ordinary shares of 10 pence each of which 15,830,814
ordinary shares are held in treasury.
The total number of shares with voting rights in the Company at
the above date was 598,137,142 and this figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
The Company notes that, as a result of the transfer of the
Shares by the Company to the EBT, the interest of the Group's
largest shareholder, Fevamotinico S.a.r.l ("Fevamotinico"), in the
voting rights of the Company is now 49.5%.
This announcement is made in accordance with the requirements of
Listing Rule 12.6.4R and DTR 5.6.1AR.
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 7788 554 035
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 2022 the Group produced
6.1 million tonnes of iron ore pellets, despite the war in Ukraine.
Historically, Ferrexpo has been the world's third largest exporter
of pellets to the global steel industry, recently having a market
share of approximately 9% in 2021. 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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March 10, 2023 02:00 ET (07:00 GMT)
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