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Ferrexpo plc
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Ferrexpo PLC (LSE:FXPO), the London-listed Ukrainian iron ore producer, expects its shares to be suspended from trading on 1 May after delays to a critical $100 million equity fundraise prevented the company from completing its 2025 annual accounts on time. The company said it cannot publish its audited results for the year ended 31 December 2025 by the regulatory deadline of 30 April 2026 because the going concern assessment required to finalise the accounts depends on the fundraise being completed first.
Ferrexpo PLC (LSE:FXPO) share plummeted in London on Wednesday, losing 24.5% to 32.58p, after it told investors that a planned equity raise of at least US$100 million is now the miner's only realistic funding option, as the iron ore producer warned it has enough accessible cash only until the end of August and could face a suspension of its London listing next month if a deal is not completed in time. The group said the proposed fundraising would support working capital and short-term operations while it runs at reduced capacity over the next 18 months.
