REG - Ferrexpo plc - Resignation of Non-executive Director

FerrexpoAnnouncement

03/01/2023 07:00

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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 (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

 Emily Moss                                                                   +44 7785 974 264

 Gareth Tredway

 

 
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 (http://www.ferrexpo.com)
.

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