Business
Update on Free Float
Update on Free Float.
About this update from Ferrexpo Plc
[{"type":"text","content":"\n \nRNS Number : 8308V Ferrexpo PLC 18 December 2013 \n \n\n18 December 2013\nFerrexpo plc\n(\"Ferrexpo\", the \"Group\" or the \"Company\")\n \nUpdate on Free Float\n \nIn order to remain within the FTSE UK Index Series, Ferrexpo is required to increase its free float from 23.3% to at least 25% by 4 March 2014. \n \nThe Company has been informed by Fevamotinico S.a r.l., which is ultimately controlled by Kostyantin Zhevago, that it intends to sell approximately 4.1 million shares to reduce its holding from 51% to 50.3% and increase the free float to 24%. The Company has also been informed that BXR Group intends to make disposal of shares sufficient to bring the free float of the Group to the required 25% level before 4 March 2014.\n \nFor further information, please contact:\n \n\n\n\n\nFerrexpo: \n\n\n\n\n\n\n\nIngrid McMahon\n\n\n+44 207 389 8304\n\n\n\n\n\n\n\n\n\n\n\n\nBrunswick Group\n\n\n\n\n\n\n\nCarole Cable\n\n\n+44 207 404 5959\n\n\n\n\nRichard Meredith\n\n\n+44 207 404 5959\n\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 over 35 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2012, the subsidiary, Ferrexpo Poltava Mining (FPM), produced 9.3 million tonnes of iron ore pellets, while first ore was reached at the new Ferrexpo Yeristovo Mining (FYM) open pit. Ferrexpo was the largest exporter of pellets in the CIS in 2012. The Group has a diversified customer base supplying steel mills in Austria, Slovakia, Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCNKFDQABDKABD\n ","length":4523,"tagName":"div"}]