Business
Share Disclosure
Share Disclosure.
About this update from Ferrexpo Plc
[{"type":"text","content":"\n Ferrexpo PLC\n07 April 2008\n\nFerrexpo PLC\n\n7 April 2008\n\nFerrexpo plc ('Ferrexpo' or the 'Company')\n\nDISCLOSURE IN RELATION TO A CHARGE OVER 443,326,059 ORDINARY SHARES\n\nIn accordance with DTR 3.1.2, the Company announces that it received\nnotification on 7 April 2008 from Fevamotinico S.a.r.l, a connected person of Mr\nKostyantyn Zhevago, that a charge over 443,326,059 of its ordinary shares in\nFerrexpo plc (the 'Pledged Shares') has been granted in favour of JPMorgan Chase\nBank, N.A. This replaces the charge over 443,326,058 ordinary shares of Ferrexpo\nplc in favour of Deutsche Bank AG, London Branch announced on 5 February 2008.\n\nIn accordance with the Listing Rules, the Company announces that it has been\nnotified that the Global Co-Ordinator and Underwriters have, pursuant to an\nexemption in the lock-up agreement entered into at the time of the Company's\nIPO, given their prior written consent to the grant of the Pledged Shares as\nsecurity to JPMorgan Chase Bank, N.A for a loan. For the avoidance of doubt,\nthis consent allows the potential disposal of the Pledged Shares were the pledge\nto be enforced during the lock-up period.\n\nThe details of the transaction are as follows:\n\nNotifying Fevamotinico S.a.r.l., a connected person of Mr Kostyantyn\nParty: Zhevago\n\nReason for Fevamotinico S.a.r.l. is a holder of 443,905,923 ordinary shares\nresponsibility of 10p each in Ferrexpo plc\nto notify:\n\nName of Ferrexpo plc\nIssuer:\n\nNature of Charge over 443,326,059 ordinary shares of 10p each of Ferrexpo\nTransaction: plc in favour of JPMorgan Chase Bank, N.A. pursuant to a charge\n over shares and accounts between Fevamotinico S.a.r.l. and\n JPMorgan Chase Bank, N.A. dated 7 April 2008.\n\nDate and Place 7 April, City of London, United Kingdom\nof\nTransaction:\n\nPrice and 443,326,059 ordinary shares of 10p each of Ferrexpo plc. No\nVolume: applicable price (charge over shares).\n\n\nThe charge over 443,326,058 ordinary shares of 10p each of Ferrexpo plc in\nfavour of Deutsche Bank AG, London Branch has been released pursuant to a deed\nof release dated 7 April 2008.\n\nThe lockup agreement was entered into by Fevamotinico S.a.r.l. with the Company\nand the Global Co-Ordinator and Underwriters, being JPMorgan Cazenove Limited,\nDeutsche Bank AG, London Branch and J.P. Morgan Securities Ltd respectively...