REG - Ferrexpo plc - Response to Media Reports

FerrexpoAnnouncement

17/05/2023 15:30

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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       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 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 (http://www.ferrexpo.com) .

 

 

 

 

 

 

 

 

 

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