Business
Ferrexpo Special Interim Dividend
Ferrexpo Special Interim Dividend.
About this update from Ferrexpo Plc
[{"type":"text","content":"\n \nRNS Number : 4685Y Ferrexpo PLC 02 January 2020 \n\n2 January 2020\nFERREXPO PLC\n(\"Ferrexpo\", \"the Company\" or the \"Group\")\n \nFerrexpo Special Interim Dividend\n \nIn line with prior years, Ferrexpo is pleased to announce a special interim dividend of 6.6 US cents (2018: 6.6 US cents; 2017: 3.3 US cents).\n \nThe special dividend reflects the Group's strong cash generation ability and the Board's strategy to maintain a balance between sustainable and attractive shareholder returns, investment in growth opportunities and balance sheet strength.\n \nTo date, total dividends declared in respect of the 2019 financial year amount to 13.2 US cents, or approximately US$80million. This consists of an ordinary interim dividend of 6.6 US cents (2018: 3.3 US cents) declared in August 2019 and today's special interim dividend of 6.6 US cents (2018: 6.6 US cents). \n \nThe Board of Ferrexpo will consider the final dividend for the 2019 financial year ahead of the Group's full year results announcement on 18 March 2020.\n \nThe interim special dividend will be paid on 17 January 2020 to shareholders on the register at the close of business on 10 January 2020. It will be paid in UK Pounds Sterling, with an election to receive in US Dollars.\n \nFor further information contact:\n \nFerrexpo:\n\n\n\nIngrid McMahon\n\n\n+44 207 389 8304\n\n\n\n \nMaitland:\n\n\n\nJames Isola\n\n\n+44 207 379 5151\n\n\n\n \nNotes to Editors:\nFerrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2018, the Group produced 10.6 million tonnes of pellets, a 2% increase compared to 2017, ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange. Since its IPO in 2007, the Group has paid approximately US$658 million in dividends to shareholders, invested over US$2.4 b...