The Board of Ferrexpo plc (LON: FXPO) is aware of allegations made on social media that the Group’s CEO and majority shareholder, Kostyantin Zhevago, has been served with a notice of suspicion regarding an investigation in Ukraine relating to one of the businesses he owned until 2015.
Mr Zhevago strongly denies any allegations of wrongdoing.
Mr Zhevago has informed the Board of Ferrexpo plc that he has not received a notice of suspicion in accordance with Ukrainian law.
Additionally the public dissemination of such untrue information in the media violates his rights and legitimate interests as a citizen of Ukraine, and causes direct reputational and economic damage to the businesses where Mr Zhevago is a shareholder. This undermines the international authority and economy of the country of Ukraine and jeopardizes the future implementation of major investment projects in Ukraine.