08:45 London, 10:45 Helsinki, 29 August 2022 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
AFARAK GROUP PLC: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT
Stock Exchange Release
Afarak Group Plc has on 29 August 2022 made a flagging notification to FIN-FSA pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act. According to the flagging notification Afarak’s portion of the Company’s shares has fallen below the threshold of 5 per cent.
According to the notification, Afarak holds 7,041,514 treasury shares in Afarak, which corresponds to approximately 2.64 % of the total shares in Afarak as a result of the transaction that was executed on 26 August 2022 whereby Afarak transferred its treasury shares.
Total positions of person subject to the notification:
% shares and voting rights
% of shares and voting rights through financial instruments
% of total
Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached
Position of previous notification (if applicable)
Information on amounts regarding shareholding and voting rights following when the threshold was crossed:
A: Shares and voting rights:
Class/type of shares
Number of shares
% of shares and voting rights
7 041 514
7 041 514
Helsinki, August 29, 2022
AFARAK GROUP PLC
Board of Directors
For additional information, please contact:
Afarak Group Plc
Guy Konsbruck, CEO, +356 2122 1566, firstname.lastname@example.org
Financial reports and other investor information are available on the Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
London Stock Exchange