Ferrexpo plc - Trading update
Ferrexpo 2019 AGM Statement and Board Appointment
The Company is releasing the following update as part of its Annual General Meeting which is being held today.
Group EBITDA in 1H 2019 is expected to increase materially compared with 1H 2018. Year to date, the improvement in profitability has been driven by higher pricing, production and sales volumes compared to 1H 2018. While the average C1 cost of production is likely to increase in 1H 2019 compared with 1H 2018, cost inflation has been lower than expected due to a fall in the Brent oil price and the European gas price partially offset by an appreciation of the Ukrainian Hryvnia versus the US Dollar.
Mr Dacomb was a partner at
From 2011 to 2018, Mr Dacomb was a member of the
There are no other matters that require notification in respect of Mr Dacomb pursuant to LR
The Independent Review into how
I am very pleased to announce the appointment of Graeme Dacomb as an independent director of the Ferrexpo Board chairing the Audit Committee. The appointment of someone of Graeme's calibre underlines the Board's commitment to the highest standards of corporate governance and underpins our confidence in the Group's future business prospects. Graeme is well known and respected amongst his former clients and peers for his collaborative, supportive and culturally aware working style. I believe he has the right balance of expertise including industry and emerging market knowledge. I look forward to the valuable contribution that I'm sure he will make.
As previously stated
For further information contact:
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+44 207 389 8304
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+44 207 379 5151
Notes to Editors:
This information is provided by RNS, the news service of the
Quick facts: Ferrexpo PLC
Market Cap: £668.38 m
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