Last checked at 25 Feb 2011 18:35
25 February 2011
Ferrexpo plc
("Ferrexpo" or the "Group" or the "Company")
Related Party Circular in respect of the proposed acquisition of up to 1,000 newly built open rail car wagons ("the Proposed Transaction")
Further to the announcement made earlier today that the Group's subsidiary, Open Joint Stock Company Ferrexpo Poltava GOK Corporation has agreed to enter into the Proposed Transaction, a Circular providing additional detail on the Proposed Transaction has been approved by the UK Listing Authority and has been posted to shareholders and submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do
For further information, please contact:
Ferrexpo: | |
Ingrid McMahon | +44 207 389 8304 |
Pelham Bell Pottinger | |
Charles Vivian | +44 207 861 3126 |
James Macfarlane | +44 207 861 3864 |
Notes to Editors:
Ferrexpo:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It is principally involved in the production and export of high quality iron ore pellets, which are used in the manufacture of steel. Ferrexpo's resource base is one of the largest iron ore deposits in the world. Its current producing asset, FPM, produced approximately 10 million tonnes of iron ore pellets in 2010 making it the largest exporter of pellets in the CIS. The Company has a diversified customer base supplying steel mills in Austria, Serbia, Slovakia, Czech Republic, Germany and other European states, as well as in China, India, Japan, and other Asian countries. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com