6 Oct 2008 07:55
Announcement
Amsterdam, 6 October 2008
New World Resources N.V. ("NWR") has been notified by its majority shareholder RPG Industries SE ("RPGI") (which holds approximately 63.8% of the issued share capital of NWR), that RPGI has acquired 20.79% of the issued share capital of Ferrexpo plc ("Ferrexpo Shares"). RPGI has offered to transfer the Ferrexpo Shares to NWR at cost (plus any related expenses). A meeting of the board of directors of NWR has been convened to discuss this offer and related matters. No further announcements are expected until after the board takes a position on the matter.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Ends
Notes for editors:
New World Resources N.V.
New World Resources is the sole owner of OKD, a.s., the Czech Republic's largest hard coal mining company and one of the largest producers in Central Europe by revenue and volume. Serving customers in the Czech Republic, Slovakia, Austria, Poland, Hungary and Germany, the Company sold approximately 13.1 mt of coal in 2007, over 6.8 mt of which was coking coal supplied to its steel industry customers.
For further information please contact:
New World Resources N.V.
Agnes Blanco Querido
Investor Relations
Tel: +31 20 570 2270
Email: ablanco@nwrgroup.eu
Website: www.newworldresources.eu
Ferrexpo (FXPO)