Last checked at 2 Jan 2020 07:00
2 January 2020
FERREXPO PLC
("Ferrexpo", "the Company" or the "Group")
Ferrexpo Special Interim Dividend
In line with prior years, Ferrexpo is pleased to announce a special interim dividend of 6.6 US cents (2018: 6.6 US cents; 2017: 3.3 US cents).
The special dividend reflects the Group's strong cash generation ability and the Board's strategy to maintain a balance between sustainable and attractive shareholder returns, investment in growth opportunities and balance sheet strength.
To date, total dividends declared in respect of the 2019 financial year amount to 13.2 US cents, or approximately US$80million. This consists of an ordinary interim dividend of 6.6 US cents (2018: 3.3 US cents) declared in August 2019 and today's special interim dividend of 6.6 US cents (2018: 6.6 US cents).
The Board of Ferrexpo will consider the final dividend for the 2019 financial year ahead of the Group's full year results announcement on 18 March 2020.
The interim special dividend will be paid on 17 January 2020 to shareholders on the register at the close of business on 10 January 2020. It will be paid in UK Pounds Sterling, with an election to receive in US Dollars.
For further information contact:
Ferrexpo:
Ingrid McMahon | +44 207 389 8304 |
Maitland:
James Isola | +44 207 379 5151 |
Notes to Editors:
Ferrexpo 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 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2018, the Group produced 10.6 million tonnes of pellets, a 2% increase compared to 2017, ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange. Since its IPO in 2007, the Group has paid approximately US$658 million in dividends to shareholders, invested over US$2.4 billion of capital into its operations and paid US$761 million in taxes and royalties to the Ukrainian government. For further information, please visit www.ferrexpo.com