 LONDON, June 18, 2021 GLOBE NEWSWIRE -- Ferroglobe PLC NASDAQ: GSM the Company is pleased to announce that on June 18, 2021 it entered into an Equity Purchase Agreement with Rubric Capital Management LP Rubric, on behalf of certain managed or sub-managed funds and accounts and Grupo Villar Mir, S.A.U. GVM relating to the sale of 7,803,791 ordinary shares to Rubric and 1,114,827 ordinary shares to GVM collectively, the Shares at an issue price of 4.485 per Share, which would result in aggregate gross proceeds of 40 million. The issue price per Share represents a 15 discount to the last reported closing price, 5.29, of our ordinary shares on the Nasdaq Capital Market on June 17, 2021. The Shares are expected to be issued on the transaction effective date for the transactions set forth under the lock-up agreement dated March 27, 2021 between the Company and certain financial stakeholders the Lock-Up Agreement. Upon completion of this offering, the Company intends to use the net proceeds from this offering for general corporate purposes. With the proceeds from this offering, the Company will have satisfied its obligation to raise 40 million through the issuance of new equity to complete the transactions contemplated by the Lock-Up Agreement. 