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Afarak Group — Major Shareholding Notification 2017
Mar 22, 2017
3302_rns_2017-03-22_0f949c5b-3bd9-4c9d-86df-0e34dafddef9.pdf
Major Shareholding Notification
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RELEASE
LSE: AFRK OMX: AFAGR
AFARAK
THE SPECIALIST ALLOY PRODUCER
13:30 London, 15:30 Helsinki, 22 March 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 OF THE FINNISH SECURITIES MARKETS ACT)
Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from a group of shareholders (the "shareholders").
In accordance with the flagging notification, the shareholders have agreed to use their voting rights together in Afarak Group Plc and their agreement has resulted in them having their shareholding to be above the 10% benchmark, becoming a 10.01% per cent holder of the shares and voting rights in Afarak. Their total of shares and voting rights stands at 26,325,048.
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Name of the target company
Afarak Group Plc -
Basis for the flagging obligation
An agreement between shareholders to use voting rights together in the issuer company -
Date of agreement
22 March 2017 -
The holding of the shareholders in Afarak is the following:
| Name of shareholder | % shares | % voting rights |
|---|---|---|
| Joensuun Kauppa | 4.73 | 4.73 |
| Esa Hukkanen | 1.37 | 1.37 |
| Markku Kankaala | 2.69 | 2.69 |
| Kari Kakkonen | 0.36 | 0.36 |
| Timo Kamkaala | 0.07 | 0.07 |
| Juhani Lemmetti | 0.38 | 0.38 |
| Antti Kivimaa | 0.12 | 0.12 |
| Juha Halttunen | 0.09 | 0.09 |
| AJ Elite Value Hedge | 0.10 | 0.10 |
| Veikko Karhulahti | 0.09 | 0.09 |
AFARAK GROUP PLC
Guy Konsbruck, CEO
www.afarak.com
Media contact:
Jean Paul Fabri
PR & Communications Manager
[email protected]
ABOUT AFARAK
Afarak is a vertically-integrated specialist alloys company. Throughout its various operations in South Africa, Turkey and Germany; Afarak extracts, processes, markets and trades its specialised metals. Trusted by a highly diversified customer base that includes industry leaders from the aviation, nuclear, oil & gas and automotive sectors; the Company is able to produce a unique alloy mix for every customer. As the Company aims to create value across the product-chain, Afarak remains committed to sustainable development, investment and to delivering a healthy financial performance for its shareholders. Afarak is listed on the Helsinki Stock Exchange (AFAGR (OMX)) and the London Stock Exchange (AFRK).