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Ferroglobe PLC Announces Delay in Filing Form 20-F Due to COVID-19

Written by Customer Service on . Posted in Public Companies.

LONDON, April 30, 2020 (GLOBE NEWSWIRE) — Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe”, “the Company”, “we” or “our”), a global, leading producer of silicon metal, and a leading silicon- and manganese-based specialty alloys producer, announced today that there will be a delay in the filing of its annual report on SEC Form 20-F for the year ended December 31, 2019 (“Annual Report”).With the uncertainties created by the COVID-19 pandemic and potential implications for Ferroglobe’s operating environment and financial results, the Company continues to prepare financial scenarios for the near-term, which its external auditor is auditing. The time and attention needed to gather and present relevant information to the auditors has impeded the Company’s ability to complete its Annual Report by the April 30, 2020 due date. As a result, the Company is relying on the Securities and Exchange Commission’s Orders under Section 36 of the Securities and Exchange Act of 1934, as amended, dated March 4, 2020 and March 25, 2020 (Release Nos. 34-88318 and 34-88465) to delay the filing of its Annual Report. The Company expects to file the Annual Report in late May 2020, but in any event not later than June 15, 2020.In the meantime, the Company notes that the COVID-19 pandemic is affecting global economies and financial markets and could negatively affect our operations and/or our ability to access capital, as well as the operations and financial position of our suppliers and customers. The ultimate impact of the COVID-19 pandemic is highly uncertain and subject to change. We do not yet know the full extent of potential impacts on our business, the financial markets or the global economy as a whole.Forward-Looking Statements

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