Konstantyn Zhevago,the final beneficiary through Fevamotinico S.a.r.l. owns 50,3% of Ferrexpo shares. Shareholders Ferrerexpo Poltava Mining agreed to bond issue of Ferrexpo Finance Plc in an amount of 750 million dollars.
Shareholders of PJSC Ferrerexpo Poltava Mining (FPM) is the largest producer of iron ore pellets in Ukraine, agreed to bond issue with the related company Ferrexpo Finance Plc on the amount of 750 million dollars for up to 10 years.Ferrexpo Finance Plc plans to issue bonds at an interest rate no more than 11% per annum and of placement no more than 10 years from the moment of placement.
The company representative informs:”Market value of property or the services which are a subject of the transaction is determined according to the legislation: 19 billion 540 million 78,5 thousand UAH at the rate of the NBU for November 18, 2016. An asset cost of the issuer, according to the last annual financial reporting is 19 billion 394,599 million UAH. A ratio of market value of property or the services which are a subject of the transaction to an asset cost of the issuer, according to the last annual financial reporting: 100,7501%”.
As it is reported, owners of 74 million 722,326 thousand voting shares from a total voting shares quantity 79 million 74,802 are of one thousand pieces and 74 million 868,892 thousand pieces which participated in a meeting voted for the specified decision. The owners of 146,566 thousand pieces of shares voted against.
FPM is a capital asset of the British mining company Ferrexpo plc quoted on the London stock exchange: it owned 100% of Ferrexpo AG shares which, in turn, possesses 97,43% of shares of the Poltava, 100% of Ferrerexpo Yeristovo Mining and 99,9% of Ferrerexpo Belanovo Mining.
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