Afarak Group Plc Afarak Group Has Received A Request To Convene An Extraordinary General Meeting

 
TIDMAFAGR 
 
 
   07:00 London, 09:00 Helsinki, 09 November 2017 - Afarak Group Plc 
("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) 
 
   AFARAK GROUP HAS RECEIVED A REQUEST TO CONVENE AN EXTRAORDINARY GENERAL 
MEETING 
 
   Afarak Group has received a request on the 8(th) November 2017 from a 
group of shareholders, representing 10.86% of shares and voting rights, 
to convene an extraordinary meeting of shareholders. The shareholders 
are: 
 
 
   -- Joensuun Kauppa ja Kone Oy 
 
   -- Markku Kankaala 
 
   -- Esa Hukkanen 
 
   -- Petri Suokas 
 
   -- Tomi Hyttinen 
 
   -- Taloustieto Incrementum Ky 
 
   -- Juhani Lemmetti 
 
   -- Kari Kakkonen 
 
   -- Antti Kivimaa 
 
   -- AJ Elite Value Hedge Fund 
 
   -- Aarne Simula 
 
   -- Timo Kankaala 
 
 
   The main points of the request, written originally in Finnish, are: 
 
   "The presenters of the request, who at the time of the request own more 
than one-tenth of all shares of the Company) are putting forward a 
request to the Board of Afarak Group Plc (hereinafter Afarak), pursuant 
to Chapter 5 Paragraph 4 of the Companies Act, to convene without delay 
and Extraordinary General Meeting of Afarak to address the following 
issues: 
 
 
   1. A proposal to perform a special audit, in accordance with Chapter 7 
      Paragraph 7 of the Companies Act, concerning the Company's administration 
      and accounting for the financial years January 1st to December 31st 2015, 
      January 1st to December 31st 2016 as well as for the financial year 
      beginning January 1st 2017 until October 31st 2017. The special audit 
      should investigate the activity of Afarak and its administration as well 
      as the legitimacy of the mentioned activity, in particular regarding and 
      taking into account all business and legal actions between the Company 
      and its main shareholder Danko Koncar and his controlled corporations and 
      other related parties; 
 
   2. Dismissal of the Board; and 
 
   3. Election of a new Board, independent of the Company's main shareholder 
      Danko Koncar and his controlled corporations." 
 
 
   The Board of Directors of Afarak Group will discuss the received letter 
of request in the manner provided by the Finnish Companies Act. 
 
   AFARAK GROUP PLC 
 
   For additional information, please contact: 
 
   Afarak Group Plc 
 
   Guy Konsbruck, CEO, [phone], [e-mail] 
 
   Jean Paul Fabri, PR Manager, [phone], [e-mail] 
 
   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). 
 
   Distribution: 
 
   NASDAQ Helsinki 
 
   London Stock Exchange 
 
   Main media 
 
   www.afarak.com 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Afarak Group via Globenewswire 
 
 
  http://www.afarakgroup.com 
 

(END) Dow Jones Newswires

November 09, 2017 02:00 ET (07:00 GMT)

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