Afarak Group Plc Afarak Group Plc: Notification Pursuant To Chapter 9, Section 10 Of The Finnish Securities Markets Act

 
TIDMAFAGR 
 

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:

 
                                                               % of shares 
                                                               and voting          Total number 
                                                     % shares    rights             of shares 
                                                       and       through            and voting 
                                                      voting    financial   % of    rights of 
                                                      rights   instruments  total     issuer 
---------------------------------------------------  --------  -----------  -----  ------------ 
Resulting situation on the date on which threshold 
 was crossed or reached                                  2.64            0   2.64   267 041 814 
---------------------------------------------------  --------  -----------  -----  ------------ 
Position of previous notification (if applicable)        7.55            0   7.55 
---------------------------------------------------  --------  -----------  -----  ------------ 
 

Information on amounts regarding shareholding and voting rights following when the threshold was crossed:

A: Shares and voting rights:

 
                              Number of shares 
Class/type of shares          and voting rights        % of shares and voting rights 
---------------------  ------------------------------  ------------------------------ 
                         Direct         Indirect         Direct         Indirect 
                        (SMA 9:5)   (SMA 9:6 and 9:7)   (SMA 9:5)   (SMA 9:6 and 9:7) 
---------------------  ----------  ------------------  ----------  ------------------ 
FI0009800098            7 041 514                   0        2.64                   0 
---------------------  ----------  ------------------  ----------  ------------------ 
SUBTOTAL A                                  7 041 514                            2.64 
---------------------  ------------------------------  ------------------------------ 
 

Helsinki, August 29, 2022

AFARAK GROUP PLC

Board of Directors

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, [phone], https://www.globenewswire.com/Tracker?data=FBCUPnB4aVccQzpk7HV8diqNiIVSD_PfDkPRVHvz1XrDWSW-AKD0Ok2wwzNIwSrRCFpuQl74-MN8C_b7JVvdvBI67BrIcbpHlc6QTDikuIqCnsXR77SfZkzhDbFy_h_l [e-mail]

Financial reports and other investor information are available on the Company's website: https://www.globenewswire.com/Tracker?data=nNkeeNCP9QytUcOQoaagRm1eDxYhAJhW_doYteaMO1ffQNZ-hllnzPCc6ARWnScCnlkOv23Ofb2WpNbgbJEWfQ== 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

https://www.globenewswire.com/Tracker?data=nNkeeNCP9QytUcOQoaagRlXaGqFDbnrHjZbtRuIBSI6i875dbf1hFnnOBwWrB6l6dtrdCSy6gWGNPmtIZoxt8g== www.afarak.com

(END) Dow Jones Newswires

August 29, 2022 03:52 ET (07:52 GMT)

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