KIEV, July 3 – Holders of loan participation notes of Britain's Ferrexpo Plc with assets in Ukraine, due on April 7, 2016 in the amount of $285.669 million, have approved an exchange offer to replace the notes with notes that will mature on April 7, 2019 with $100.005 million paid in cash.

Ferrexpo said on the London Stock Exchange (LSE) that the holders of approximately 94.04% of the principal amount of the existing notes were represented at the meeting and approximately 99.48% of such holders voted in favor.