"The Board of Directors considers a decision within the required time frame," Ferrexpo said in a stock exchange statement on Wednesday.
According to him, such an increase in equity is likely to be structured as a conditional placement of new shares among existing and new institutional investors in order to raise at least $100 million to support working capital. levels over the next 18 months.
"So far, it is expected that such a capital raising should be initiated and completed (subject, among other things, to approval of decisions at the general meeting and admission to listing and trading of new ordinary shares to be issued as part of such a capital raising) no later than April 30, 2026, which ended on December 31, 2025," the statement says. the message.
The Company does not intend to publish the issue prospectus in connection with the planned fundraising.
993,686 thousand shares, which is 49.32%, as to whether Fevamotinico will support the decision at the general meeting. The completion of the audit and publication of the annual report and financial statements for 2025, which in itself will require the implementation of an appropriate financing solution so that financial results can be prepared based on business continuity. information.
Ferrexpo shares have fallen by 11.91% to 38.02 pence since the start of trading on Wednesday, which corresponds to a capitalization of GBP258.2 million.
