Ferroglobe Announces Insider Buying
September 08 2016 - 11:38AM
Ferroglobe PLC (NASDAQ:GSM) said today that members of its senior
management, including Executive Vice-Chairman Javier López Madrid,
Chief Executive Officer Pedro Larrea, Chief Financial Officer Joe
Ragan and Board of Directors member Javier Monzón, have made
open-market purchases of shares of Ferroglobe in the past week.
Total purchases amounted to $612,104 and 71,400 shares. Mr. López
Madrid purchased 20,000 shares, Mr. Larrea purchased 12,000 shares,
Mr. Ragan purchased 20,000 shares and Mr. Monzón purchased 19,400
shares.
About Ferroglobe
Ferroglobe PLC is one of the world’s leading suppliers of
silicon metal, silicon-based specialty alloys, and ferroalloys
serving a customer base across the globe in dynamic and
fast-growing end markets, such as solar, automotive, consumer
products, construction and energy. The company is based in
London. For more information, visit
http://investor.ferroglobe.com.
Forward-Looking Statements
This release contains ''forward-looking statements'' within the
meaning of Section 27A of the United States Securities Act of 1933,
as amended, and Section 21E of the United States Securities
Exchange Act of 1934, as amended. Forward-looking statements
are not historical facts but are based on certain assumptions of
management and describe the company’s future plans, strategies and
expectations. Forward-looking statements generally can be
identified by the use of forward-looking terminology, including,
but not limited to, “may,” “could,” “seek,” “guidance,” “predicts,”
“potential,” “likely,” “believe,” “will,” “expect,” “anticipate,:
“estimate,” “plan,” “intends,” “forecast” or variations of these
terms and similar expressions, or the negative of these terms or
similar expressions.
Forward-looking statements contained in this press release are
based on information presently available to us and assumptions that
we believe to be reasonable, but are inherently uncertain. As
a result, our actual results, performance or achievements may
differ materially from those expressed or implied by these
forward-looking statements, which are not guarantees of future
performance and involve known and unknown risks, uncertainties and
other factors that are, in some cases, beyond our control.
You are cautioned that all such statements involve risks and
uncertainties, including without limitation, risks that the legacy
businesses of Globe and FerroAtlántica will not be integrated
successfully or that we will not realize estimated cost savings,
value of certain tax assets, synergies and growth, or that such
benefits may take longer to realize than expected. Important
factors that may cause actual results to differ include, but are
limited to: (i) risks relating to unanticipated costs of
integration, including operating costs, customer loss and business
disruption being greater than expected; (ii) our organizational and
governance structure; (iii) the ability to hire and retain key
personnel; (iv) regional, national or global political, economic,
business, competitive, market and regulatory conditions including,
among others, changes in metals prices; (v) increases in the cost
of raw materials or energy; (vi) competition in the metals and
foundry industries; (vii) environmental and regulatory risks;
(viii) ability to identify liabilities associated with acquired
properties prior to their acquisition; (ix) ability to manage price
and operational risks including industrial accidents and natural
disasters; (x) ability to manage foreign operations; (xi) changes
in technology; (xii) ability to acquire or renew permits and
approvals; (xiii) changes in legislation or governmental
regulations affecting Ferroglobe; (xiv) conditions in the credit
markets; (xv) risks associated with assumptions made in connection
with critical accounting estimates and legal proceedings; (xvi)
Ferroglobe's international operations, which are subject to the
risks of currency fluctuations and foreign exchange controls; and
(xvii) the potential of international unrest, economic downturn or
effects of currencies, tax assessments, tax adjustments,
anticipated tax rates, raw material costs or availability or other
regulatory compliance costs. The foregoing list is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties that affect our business,
including those described in the “Risk Factors” section of our
Annual Reports on Form 20-F, Current Reports on Form 6-K and other
documents we file from time to time with the United States
Securities and Exchange Commission. We do not give any assurance
(1) that we will achieve our expectations or (2) concerning any
result or the timing thereof, in each case, with respect to any
regulatory action, administrative proceedings, government
investigations, litigation, warning letters, consent decree, cost
reductions, business strategies, earnings or revenue trends or
future financial results. Forward-looking financial information and
other metrics presented herein represent our key goals and are not
intended as guidance or projections for the periods presented
herein or any future periods.
All information in this press release is as of the date of its
release. We do not undertake or assume any obligation to update
publicly any of the forward-looking statements in this press
release to reflect actual results, new information or future
events, changes in assumptions or changes in other factors
affecting forward-looking statements. If we update one or more
forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements. We caution you not to place undue
reliance on any forward-looking statements, which are made only as
of the date of this press release.
INVESTOR CONTACT:
Ferroglobe PLC
Joe Ragan, 786-509-6925
Chief Financial Officer
Email: jragan@ferroglobe.com
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