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From: JonH🍕
At what price will FXPO be able to raise $100m.? SP holding up well this morning despite the RNS. Look out for the forward selling. Reckon just over half the current price - 18p. Today 07:00 RNS Number : 1869C Ferrexpo PLC 28 April 2026 28 April 2026 Ferrexpo plc ("Ferrexpo" or the "Company" or the "Group") Update on Funding Options, Delay in Audited Financial Statements and Expected Suspension Ferrexpo plc (LSE: FXPO), a producer and exporter of premium iron ore products, today announces an update in relation to the potential equity capital raise to support the working capital position of the Group, resulting in a delay to the publication of the audited financial statements for the year ended 31 December 2025 and consequently the expected suspension of listing and trading in its shares. Update on Funding Options Further to the announcement on 22 April 2026, the Board continues to believe that an equity fundraise of at least US$100 million (the "Intended Fundraise") is currently the only viable solution in the timeframe required to meet the Group's ongoing obligations and provide sufficient working capital for the Group's short-term operational requirements while operating at a reduced level for the next 18 months and to continue as a going concern. Completion of the Intended Fundraise would be subject to, amongst other things, the approval of resolutions (the "Resolutions") at a general meeting of shareholders to be convened as early as possible following any launch of the Intended Fundraise (the "General Meeting"). As at the date of this announcement, the Company has received indicative, non-binding expressions of interest to participate in the Intended Fundraise from institutional investors, which, in aggregate, are in excess of US$100 million, conditional on certain terms and conditions of the Intended Fundraise which are not possible to achieve within the timeframe required. The Company has been in discussions with representatives of its largest shareholder, Fevamotinico S.a.r.l. ("Fevamotinico"), which currently holds 294,993,686 Ordinary Shares being 49.32 percent of the existing Ordinary Shares in issue (excluding Ordinary Shares held in treasury). As at the date of this announcement, Fevamotinico has confirmed that it is supportive of the Intended Fundraise and will provide an irrevocable undertaking to vote in favour of the Resolutions to be proposed at the General Meeting on the basis that it can participate in the Intended Fundraise on a pro rata basis where the Intended Fundraise is no greater than $100 million. The Company is continuing to engage with all existing and potential new institutional investors to address the terms and conditions of their participation in the Intended Fundraise. At this stage there remains no certainty that the Group will be successful in executing any funding solution. The Intended Fundraise, if implemented, will be the subject of a further announcement, including the full terms and conditions of the Intended Fundraise Edited on 28/04/2026 at 10:12:32.

Current Thread	Author	Time
At what price will FXPO be able to raise $100m.?...[more]	JonH🍕	10:11:50

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