REG - Ferrexpo plc - Extension of Financial Accounts Deadline

FerrexpoAnnouncement

18/03/2022 07:16

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RNS Number : 2594F  Ferrexpo PLC  18 March 2022

 

 

18 March 2022
 
 

 

Ferrexpo plc

("Ferrexpo" or the "Company" or the "Group")

 

Extension of Financial Accounts Deadline

 

Ferrexpo plc (LSE: FXPO), the world's third largest exporter of high grade
iron ore pellets to the global steel industry, with operations in central
Ukraine, announces that following consultation with the Financial Conduct
Authority, the deadline for publishing the Company's full year results for the
year ended 31 December 2021 (the "Results") has been extended to 30 June 2022.
This extension has been implemented due to the ongoing uncertainty relating to
Russia's invasion of Ukraine and the impact this has had on the ability of the
Company to complete all necessary workstreams in relation to the Results.

 

At the present time, given the uncertainties surrounding the situation in
Ukraine, the Group remains unable to provide a date as to when the Company's
full year financial accounts for 2021 will be published.

 

Jim North, CEO of Ferrexpo commented:

"The situation in Ukraine is unprecedented for Ferrexpo and unpredictable. The
decision to utilise the available reporting extension has been taken in light
of the significant uncertainty that the Group currently has in its near-term
outlook, as well as the Group's ability to conclude its financial accounts and
for the Group's independent auditors to complete their audit procedures.
Notwithstanding the on-going and fast-moving nature of events in Ukraine, the
extension to 30 June 2022 will allow us additional time to work towards
completing the necessary workstreams for the publication of our full year
results.

 

"In the meantime, we will maintain our current focus on protecting our
workforce and local communities, whilst also continuing to contribute to the
Ukrainian economy through our production of iron ore pellets. We will look to
publish our accounts as soon as the situation in Ukraine permits us to do so."

 

For further information, please contact:

 

 Ferrexpo:
 Rob Simmons      r.simmons@ferrexpo.ch (mailto:r.simmons@ferrexpo.ch)        +44 207 389 8305
 Tavistock:
 Jos Simson       ferrexpo@tavistock.co.uk (mailto:ferrexpo@tavistock.co.uk)  +44 207 920 3150

 Gareth Tredway                                                               +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 40 years and in 2021 the Group produced 11.2 million tonnes of iron ore pellets, placing Ferrexpo as the world's 3(rd) 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 (http://www.ferrexpo.com)
.

 

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