Ferrexpo PLC Response to Media Reports (7724Z)
17 5월 2023 - 11:21PM
UK Regulatory
TIDMFXPO
RNS Number : 7724Z
Ferrexpo PLC
17 May 2023
17 May 2023
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Response to Media Reports
The Company notes the recent press reports relating to alleged
corruption involving the head or judges of the Supreme Court of
Ukraine.
The Company also notes the media commentary which refers to Mr
Kostyantyn Zhevago. As announced previously, Mr Zhevago resigned as
a director of the Company in December 2022.
The Company is not aware of any allegations having been made
against the Company, any members of its Group or any employees of
the Group. Ferrexpo takes this opportunity to confirm that it
operates to the highest standards of corporate governance and has
in place strict policies around anti-bribery and corruption.
Ferrexpo will continue to monitor the situation and update the
market as appropriate.
For further information, please contact:
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 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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(END) Dow Jones Newswires
May 17, 2023 10:21 ET (14:21 GMT)
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