Afarak Group

Regulatory Filings • Feb 1, 2018

National Storage Mechanism | Additional information

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14:00 London, 16:00 Helsinki, 1 February 2018 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP PLC RECEIVES NOTIFICATION TO WITHDRAW DEMAND OF EXTRAORDINARY GENERAL MEETING

Afarak Group has received a notification from a group of shareholders, representing 10.86% of shares and voting rights, to withdraw their demand for an extraordinary general meeting and demand for resolutions and proposals for decisions they had presented on the 8th November 2017. 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 resolutions presented by the shareholders and inserted as Agenda items 9, 10 and 11 in the invitation to the Extraordinary General Meeting published on 15th December 2017 that are being withdrawn are:

• Agenda Item 9. Demand for conducting a special audit in the Company

• Agenda Item 10. Dismissal of the Board of Directors.

• Agenda Item 11. Election of a new Board of Directors.

Despite of the withdrawal the extraordinary general meeting will be held, as invited, on February 5, 2018 starting at 2:00 p.m. (Finnish time) at Union Square Auditorium (Floor K1) Unioninkatu 22, 00130 Helsinki, Finland. 

AFARAK GROUP PLC

The Board of Directors

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com

Jean Paul Fabri, +356 9940 8746, jp.fabri@afarak.com

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

PR_EGM_RESOLUTIONS_EN

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*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*