FERREXPO plc Holding Statement

Rhea-AI Summary

Ferrexpo plc (LSE: FXPO) has issued a holding statement acknowledging media reports in Ukraine regarding a potential claim to the High Anti-Corruption Court of Ukraine by the State Bureau of Investigation. The company states it has not received any formal notification of the claim and is consulting with legal advisors to assess the situation.

Ferrexpo is a Swiss-headquartered iron ore company with assets in Ukraine and is listed on the London Stock Exchange as part of the FTSE 250 index. The company produces high-grade iron ore pellets for the global steel industry, offering products that enable reduced carbon emissions and increased productivity for steelmakers. Prior to Russia's invasion of Ukraine in February 2022, Ferrexpo was the world's third-largest pellet exporter.

Positive

• Position as FTSE 250 constituent
• Premium product offering with environmental benefits
• Established global customer base of premium steel mills

Negative

• Potential legal action by Ukrainian State Bureau of Investigation
• Operational uncertainty due to Ukraine-Russia conflict
• Loss of position as third-largest pellet exporter post-invasion

LONDON, Feb. 20, 2025 /PRNewswire/ -- Ferrexpo plc (LSE: FXPO) notes a media announcement today in Ukraine by the State Bureau of Investigation regarding a potential claim to the High Anti-Corruption Court of Ukraine. The Company has not received any formal notification of such a claim and is working with its legal advisors to understand the situation.

For further information, please contact:

Ferrexpo:
Nick Bias	n.bias@ferrexpo.ch	+44 (0)7733 177
Tavistock:
Jos Simson Gareth Tredway	ferrexpo@tavistock.co.uk	+44 (0)207 920 3150 +44 (0)7785 974 264

Notes to Editors:

About Ferrexpo: Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a listing in the equity shares commercial companies category on the London Stock Exchange (ticker FXPO) and a constituent of the FTSE 250 index. 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 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. Before Russia's full-scale invasion of Ukraine in February 2022, the Group was the world's third largest exporter of pellets. The Group has a global customer base comprising of premium steel mills around the world. For further information visit www.ferrexpo.com.

View original content:https://www.prnewswire.com/news-releases/ferrexpo-plc-holding-statement-302381680.html

SOURCE Ferrexpo plc

FAQ

What is the potential legal claim against Ferrexpo (FXPO) in Ukraine?

The State Bureau of Investigation in Ukraine has announced a potential claim to the High Anti-Corruption Court of Ukraine against Ferrexpo, though the company has not received formal notification and is working with legal advisors to understand the situation.

How has the Russian invasion affected Ferrexpo's (FXPO) market position?

Prior to Russia's invasion of Ukraine in February 2022, Ferrexpo was the world's third-largest exporter of iron ore pellets, but this position has been impacted by the conflict.

What are the main products of Ferrexpo (FXPO)?

Ferrexpo produces high-grade iron ore pellets, which are premium products for the global steel industry that enable reduced carbon emissions and increased productivity for steelmakers.

Where are Ferrexpo's (FXPO) main assets located?

Ferrexpo's main assets are located in Ukraine, while the company is headquartered in Switzerland and listed on the London Stock Exchange.