Edition:
United Kingdom

Ferrexpo PLC (FXPO.L)

FXPO.L on London Stock Exchange

223.60GBp
2:59pm BST
Change (% chg)

-1.30 (-0.58%)
Prev Close
224.90
Open
225.50
Day's High
226.70
Day's Low
221.10
Volume
660,994
Avg. Vol
2,033,676
52-wk High
305.60
52-wk Low
138.00

Latest Key Developments (Source: Significant Developments)

Norges Bank Discloses 3.19 Pct Stake In Ferrexpo As Of April 26
Wednesday, 1 May 2019 

May 1 (Reuters) - Ferrexpo PLC ::NORGES BANK DISCLOSES 3.19 PERCENT STAKE IN FERREXPO AS OF APRIL 26 - FILING.  Full Article

Ferrexpo Says CFO Sold 2016 LTIP Shares On April 25
Monday, 29 Apr 2019 

April 29 (Reuters) - Ferrexpo PLC ::CHRIS MAWE, CFO, HAS INFORMED CO THAT HE SOLD 2016 LTIP SHARES WHICH VESTED ON DAY OF ANNOUNCEMENT OF GROUP'S 2018 FINANCIAL RESULTS.AT TIME OF DECISION AND EXECUTION OF SHARE SALE, NEITHER MAWE NOR CO HAD RECEIVED DELOITTE'S LETTER OF RESIGNATION.  Full Article

Ferrexpo Notes Deloitte's View That Co Delayed Review Into Donations To Blooming Land
Monday, 29 Apr 2019 

April 29 (Reuters) - Ferrexpo PLC ::STATEMENT FROM THE BOARD.NOTE DELOITTE'S VIEW THAT COMPANY DELAYED IN COMMENCING ITS INDEPENDENT REVIEW INTO GROUP'S CHARITABLE DONATIONS TO BLOOMING LAND.DELOITTE'S REVIEW DID NOT FLAG ANY MATTERS WHICH CAUSED DELOITTE TO BELIEVE THAT HY RESULTS HAD NOT BEEN PREPARED IN ACCORDANCE WITH STANDARDS.FORMED OWN CONSIDERED VIEW, BELIEVES INITIATED FORMAL INDEPENDENT REVIEW AT APPROPRIATE TIME.BOARD HAS INITIATED A PROCESS TO IDENTIFY AND APPOINT NEW INDEPENDENT NON-EXECUTIVE DIRECTORS.SEARCH FOR A NEW AUDITOR FOR GROUP IS UNDERWAY."DIRECTORS ARE CONFIDENT IN QUALITY OF GROUP'S ACCOUNTS, REPORTING AND INTERNAL CONTROL SYSTEMS".WOULD LIKE TO RE-EMPHASISE THAT BLOOMING LAND IS NOT CONSIDERED A RELATED PARTY OF GROUP.ON 26 APRIL 2 DIRECTORS MARY REILLY, CHAIR OF AUDIT COMMITTEE; BERT NACKEN, CHAIR OF REMUNERATION COMMITTEE, DECIDED NOT TO SEEK RE-ELECTION.REILLY AND NACKEN HAVE DECIDED TO RESIGN WITH IMMEDIATE EFFECT.CHAIRMAN WILL BE MEETING AND SPEAKING WITH SHAREHOLDERS AND OTHER MARKET PARTICIPANTS DURING COURSE OF THIS WEEK.'WE CANNOT CONCLUDE AS TO ULTIMATE USE OF ALL OF FUNDS BY CHARITY'."FURTHER WORK IS REQUIRED BEFORE ANY FINAL CONCLUSIONS CAN BE DRAWN"."BOARD WOULD LIKE TO MAKE CLEAR THAT TO DATE NO CONCLUSIVE EVIDENCE OF MISAPPROPRIATION OF FUNDS HAS COME TO LIGHT".  Full Article

Ferrexpo Reports Q1 Pellet Production Of 2,539 Thousand Tonnes
Friday, 5 Apr 2019 

April 5 (Reuters) - Ferrexpo PLC ::FERREXPO PLC - PRODUCTION FOR 1Q 2019.FERREXPO PLC - TOTAL 1Q 2019 PELLET PRODUCTION OF 2,539 THOUSAND TONNES (1Q 2018: 2,585 THOUSAND TONNES).FERREXPO PLC - Q1 PRODUCTION OF 65% FE PELLETS FROM OWN ORE 2,431 THOUSAND TONNES IN LINE WITH 1Q 2018 OF 2,421 THOUSAND TONNES.  Full Article

Ferrexpo Says ‍Q1 Total 2018 Pellet Production Of 2,585 Thousand Tonnes​
Thursday, 5 Apr 2018 

April 5 (Reuters) - Ferrexpo PLC ::‍Q1 TOTAL 2018 PELLET PRODUCTION OF 2,585 THOUSAND TONNES (1Q 2017: 2,624 THOUSAND TONNES)​.  Full Article

Ferrexpo Says FY Profit Before Tax Up 95%
Wednesday, 21 Mar 2018 

March 21 (Reuters) - Ferrexpo Plc ::FY REVENUE UP 21% TO US$1.2BN ‍​.FY UNDERLYING EBITDA UP 47% TO US$551M‍​.FY PROFIT BEFORE TAX UP 95% US$450M ‍​.FY DIVIDEND PER SHARE $0.165​.NATIONAL BANK OF UKRAINE EXPECTS 2017 GDP GROWTH OF APPROXIMATELY 2%, IN LINE WITH 2016‍​.BOARD OF FERREXPO BELIEVES UKRAINE IS GRADUALLY MOVING IN THE RIGHT DIRECTION ALTHOUGH CHALLENGES REMAIN.EXPECTS TO BENEFIT FROM HIGHER PELLET PREMIUMS IN 2018, REFLECTING AGREEMENTS WITH CUSTOMERS AND STRONG DEMAND FOR HIGH QUALITY PELLETS​.2018 PRODUCTION VOLUMES TO REFLECT A 65 DAY PELLET LINE SHUTDOWN IN 2Q 2018.1H 2018 PRODUCTION IS EXPECTED TO BE IN LINE WITH 1H 2017.PRODUCTION IN 2H 2018 IS EXPECTED TO BE AHEAD OF 2H 2017.  Full Article

Ferrexpo Says 2017 Pellet Production fell to 10.4 mln tonnes
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Ferrexpo Plc ::‍TOTAL 2017 PELLET PRODUCTION 10.4 MT COMPARED TO 11.2 MT IN 2016 REFLECTING PLANNED PELLETISER MAINTENANCE​.‍4Q 2017 PRODUCTION INCREASED 12% COMPARED TO 3Q 2017​.‍2017 SALES VOLUMES APPROXIMATELY 10.4 MT COMPARED TO 11.7 MT IN 2016 DUE TO PRODUCTION LEVELS​.FULL YEAR AVERAGE 2017 CASH COST OF PRODUCTION WAS APPROXIMATELY US$33 PER TONNE COMPARED TO US$29 PER TONNE IN 2016.‍GROUP'S AVERAGE RECEIVED PRICE IN 2017 INCREASED SIGNIFICANTLY COMPARED TO 2016​.AVAILABLE LIQUIDITY AS OF 31 DECEMBER 2017 WAS CIRCA US$310M COMPARED TO US$145M AS OF 31 DECEMBER 2016.‍NET DEBT AS OF 31 DEC 2017 WAS APPROXIMATELY US$400M COMPARED TO US$589M AS OF 31 DECEMBER 2016.Q4 TOTAL PELLETS PRODUCED OF 2.79 MILLION TONNES VERSUS. 2.49 MILLION TONNES IN Q3.  Full Article

Ferrexpo ‍Announce Special Dividend Of 3.3 US Cents Per Share​
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Ferrexpo Plc ::‍ANNOUNCE A SPECIAL DIVIDEND OF 3.3 US CENTS PER SHARE​.WILL TARGET SPECIAL DIVIDENDS OF ABOUT $40 MILLION PER FY TO BE PAID AT AN APPROPRIATE TIME IN ITS REPORTING CYCLE​.‍CONTINUED TO TRADE "STRONGLY" SINCE IT ANNOUNCED HY RESULTS, ITS CASH FLOWS HAVE FURTHER REDUCED NET DEBT AND FUNDED CAPITAL EXPENDITURE​.  Full Article

Ferrexpo announces secured three year revolving credit facility of $195 mln
Friday, 17 Nov 2017 

Nov 17 (Reuters) - FERREXPO PLC ::‍ANNOUNCE THAT IT HAS SIGNED A NEW SECURED THREE YEAR REVOLVING CREDIT FACILITY OF US$195 MILLION​.‍COMMITTED CREDIT FACILITY WAS ARRANGED BY BNP PARIBAS AND INCLUDES A SYNDICATE OF SIX INTERNATIONAL LENDERS​.‍CREDIT FACILITY WILL AMORTIZE OVER EIGHT QUARTERS WITH FINAL REPAYMENT ON 31 DECEMBER 2020 AND WILL BE USED FOR GENERAL CORPORATE PURPOSES​.  Full Article

Ferrexpo says Q3 ‍total pellets produced of 2.49 mln tonnes
Thursday, 5 Oct 2017 

Oct 5 (Reuters) - FERREXPO PLC ::PRODUCTION FOR 3Q 2017.Q3 ‍TOTAL PELLETS PRODUCED OF 2.49 MILLION TONNES VS 2.54 MILLION TONNES IN Q2.‍LOWER PELLET PRODUCTION IN Q3 REFLECTS GROUP'S ONGOING PELLET LINE MAINTENANCE PROGRAMME​.  Full Article

PRESS DIGEST- Financial Times - April 30

April 30 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.