Ferrexpo (GB:FXPO) has released an update.
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Ferrexpo plc announced that a Ukrainian department has imposed restrictions on 49.3% of its subsidiary’s shares, prohibiting their transfer but not affecting dividend rights or voting. The company, which is a major global supplier of high-grade iron ore pellets, confirmed its operations are unaffected and intends to legally challenge these restrictions, unrelated to ongoing legal proceedings against a former executive.
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