Last checked at 19 May 2008 17:13
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
FERREXPO PLC
2. State whether the notification relates to
(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
This notification relates to transactions notified in accordance with (i), DR 3.1.4R(1)(a).
3. Name of persons discharging managerial responsibilities/director
Directors
Mr Dennis McShane
Mr Chris Mawe
Mr Mike Oppenheimer
Persons Discharging Managerial Responsibility
Mr John Dawe
Mr Nikolay Goroshko
Mr Nikolay Kladiev
Mr Viktor Lotous
Mr Simon Wandke
Mr David Webster
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/directors named in 3 and identify the connected person
Notification only relates to persons named in 3.
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Notification only relates to persons named in 3.
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of 10 pence each in Ferrexpo plc ("Ordinary Shares").
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Greenwood Nominees Limited
8 State the nature of the transaction
Acquisition of an interest pursuant to awards approved by the remuneration committee of the Company under the Ferrexpo Long Term Incentive Plan ("LTIP"), which was approved by shareholders on 15 May 2008.
9. Number of shares, debentures or financial instruments relating to shares acquired
2008 Awards made under the LTIP
Mr Dennis McShane 100,000 Ordinary Shares
Mr Chris Mawe 100,000 Ordinary Shares
Mr Mike Oppenheimer 180,000 Ordinary Shares
Mr John Dawe 25,000 Ordinary Shares
Mr Nikolay Goroshko 25,000 Ordinary Shares
Mr Nikolay Kladiev 25,000 Ordinary Shares
Mr Viktor Lotous 50,000 Ordinary Shares
Mr Simon Wandke 50,000 Ordinary Shares
Mr David Webster 50,000 Ordinary Shares
Transitional Awards made under the LTIP
Mr Dennis McShane 75,000 Ordinary Shares
Mr Chris Mawe 65,000 Ordinary Shares
Mr Mike Oppenheimer 180,000 Ordinary Shares
Mr Viktor Lotous 20,000 Ordinary Shares
Mr Simon Wandke 25,000 Ordinary Shares
Mr David Webster 50,000 Ordinary Shares
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
2008 Awards made under the LTIP
Mr Dennis McShane 0.0163%
Mr Chris Mawe 0.0163%
Mr Mike Oppenheimer 0.0293%
Mr John Dawe 0.0041%
Mr Nikolay Goroshko 0.0041%
Mr Nikolay Kladiev 0.0041%
Mr Viktor Lotous 0.0081%
Mr Simon Wandke 0.0081%
Mr David Webster 0.0081%
Transitional Awards made under the LTIP
Mr Dennis McShane 0.0122%
Mr Chris Mawe 0.0106%
Mr Mike Oppenheimer 0.0293%
Mr Viktor Lotous 0.0033%
Mr Simon Wandke 0.0041%
Mr David Webster 0.0081%
11. Number of shares, debentures or financial instruments relating to shares disposed
N/A
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
13. Price per share or value of transaction
LTIP awards are made at nil cost
14. Date and place of transaction
16 May 2008, Baar, Switzerland
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Interest Percentage
(no. of Ordinary of issued share
Shares) capital
Mr Dennis McShane 1,044,709 0.1702%
Mr Chris Mawe 165,000 0.0269%
Mr Mike Oppenheimer 1,875,177 0.3054%
Mr John Dawe 35,838 0.0058%
Mr Nikolay Goroshko 100,759 0.0164%
Mr Nikolay Kladiev 53,303 0.0090%
Mr Viktor Lotous 145,799 0.0237%
Mr Simon Wandke 75,000 0.0122%
Mr David Webster 148,221 0.0241%
16. Date issuer informed of transaction
16 May 2008
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17 Date of grant
N/A
18. Period during which or date on which it can be exercised
N/A
19. Total amount paid (if any) for grant of the option
N/A
20. Description of shares or debentures involved (class and number)
N/A
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A
22. Total number of shares or debentures over which options held following notification
N/A
23. Any additional information
The terms of the LTIP were approved by shareholders at the annual general meeting of the Company held on 15th May 2008. Details of the LTIP can be found in the Ferrexpo plc 2007 Annual Report on pages 51 to 56.
24. Name of contact and telephone number for queries
Mr Chris Stamp - +44 (0)20 7389 8300
Name and signature of duly authorised officer of issuer responsible for making notification
Mr Chris Stamp, Authorised Representative, Prism Cosec Ltd - Company Secretary, Ferrexpo plc.
Date of notification
19 May 2008
END