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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Afarak Group Se | LSE:AFRK | London | Ordinary Share | FI0009800098 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 20.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 201.34M | 47.72M | 0.1937 | 1.03 | 49.27M |
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TIDMAFAGR
06:15 London, 08:15 Helsinki, 11 May 2020 - Afarak Group Plc ("Afarak"
or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
SUPPLEMENTARY INFORMATION ON MOGALE VOLUNTARY BUSINESS RESCUE
Stock Exchange Release
As announced on May 8th, 2020 Afarak Mogale (Pty) Ltd and Afarak South
Africa (Pty) Ltd have been placed into voluntary business rescue arising
from these companies being in financial distress and that the boards of
directors being of the view that there is a reasonable prospect of
rescuing both and Afarak Mogale (Pty) Ltd and Afarak South Africa (Pty)
Ltd.
Afarak South Africa (Pty) Ltd is the holding company of Afarak Mogale
(Pty) Ltd.
Afarak Mogale (Pty) Ltd and Afarak South Africa (Pty) Ltd being placed
into business rescue does not and will not affect the remaining mining
assets and businesses held by the Afarak Group.
It is envisaged that Afarak Mogale (Pty) Ltd and Afarak South Africa
(Pty) Ltd will continue operating during the business rescue and furnace
P1 is expected to be back in production as of Mid-May 2020.
The company will update all stakeholders on the progress.
Helsinki, May 11, 2020
AFARAK GROUP PLC
Board of Directors
For additional information, please contact:
Afarak Group Plc
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
https://www.globenewswire.com/Tracker?data=PTrh9Ks2CFNpKA72frKAb9lOy7hwG6mF9jHG4iWi89iyWBD5Hn2iaLVwh62r6q32u1Q_KioWdPOGcPqS9XzWSDiYYpJcl0nDAvPbDAToCDYTaVOL_yYCQwIrPkW860R3
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
(END) Dow Jones Newswires
May 11, 2020 01:14 ET (05:14 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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