Ferrexpo (FXPO): Placing of 25% of the market value
This situation live
FXPO Ferrexpo
15 Jul 2026 · announced · +0% on the day · +0% until the next step
If the withholding of VAT refunds and funding issues are not resolved in sufficient time, this could give rise to material negative consequences for the Group, including ultimately that the Company or
3 Sep 2026 · announced · +0% on the day · +0% until the next step
The Fundraise is required to strengthen the Group's liquidity position and provide working capital to support the resumption and continuation of operations.
4 Sep 2026 · announced · +0% on the day · +2% until the next step
With an enhanced liquidity position, we can recommence exports to European and international customers and restore the deferred expenditure across the Group's operations.
7 Sep 2026 · announced · +2% on the day · +11% until the next step
Following the US$100 million fundraising announced on 4 September 2026, the Company has mobilised its operations over the weekend and production has recommenced using one pellet line.
25 Sep 2026 · completed · +13% on the day · −5% until the next step
The Group has continued to operate through these conditions reflects the resilience, professionalism and determination shown by our people across the Group.
Placing of 25% of the market value
completed
RaisePlacing · minimum US$100 million
Of market value25.2%
Discount42.3% to the last close
Reaction on the day+13%
As of 14 Oct 2026 ↗
Since Oct 2023: 301 situations of this kind – completed 77%, went quiet 23%; median share price -17% six months after they opened
Every step · 6
- 15 Jul 2026 announced · +0% on the day – If the withholding of VAT refunds and funding issues are not resolved in sufficient time, this could give rise to material negative consequences for the... ↗
- 3 Sep 2026 announced · +0% on the day – The Fundraise is required to strengthen the Group's liquidity position and provide working capital to support the resumption and continuation of operations. ↗
- 4 Sep 2026 announced · +0% on the day – With an enhanced liquidity position, we can recommence exports to European and international customers and restore the deferred expenditure across the... ↗
- 7 Sep 2026 announced · +2% on the day – Following the US$100 million fundraising announced on 4 September 2026, the Company has mobilised its operations over the weekend and production has... ↗
- 25 Sep 2026 completed · +13% on the day – The Group has continued to operate through these conditions reflects the resilience, professionalism and determination shown by our people across the Group. ↗
- 14 Oct 2026 completed – The fundraise was necessary because the decision of the Ukrainian tax authorities to withhold VAT refunds had significantly eroded our cash position. ↗
What is happening
Ferrexpo: Placing of 25% of the market value – completed. ['completed']
- In short
- Ferrexpo is raising minimum US$100 million by placing, 25.2% of its market value, at a 42.3% discount; the shares moved +13% on the day.
- Announced
- 15 Jul 2026 · announced · +0% on the day
- Latest
- 14 Oct 2026 · completed · +1% on the day
From the company's own announcements. Not investment advice.
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Dilutive fundraisePlacing of 23% of the market value – announced · closed
Ferrexpo – company page →