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Afarak Group — Major Shareholding Notification 2017
Mar 17, 2017
3302_rns_2017-03-17_b6dd9fc8-5ba3-4852-8bea-c1dd7c7185ab.pdf
Major Shareholding Notification
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RELEASE
LSE: AFRK OMX: AFAGR
AFARAK
THE SPECIALIST ALLOY PRODUCER
10:00 London, 12:00 Helsinki, 17 March 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
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 shareholders Joensuun Kauppa ja Kone Oy and Esa Hukkanen (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 5% becoming a 6.05% per cent holder of the shares and voting rights in Afarak.
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Name of the target company
Afarak Group Plc -
Basis for the flagging obligation
An agreement between two shareholders to use voting rights together in the issuer company -
Date of agreement
14 March 2017 -
The holding of the shareholders in Afarak is the following:
| Name of shareholder | Number of shares | % shares | Number of voting rights | % voting rights |
|---|---|---|---|---|
| Joensuun Kauppa | 12322240 | 4.68 | 12322240 | 4.68 |
| Esa Hukkanen | 3602905 | 1.37 | 3602905 | 1.37 |
- Name and addresses of the shareholders
Joensuun Kauppa
Raatekankaantie 4,
80100 Joensuu
Finalnd
Esa Hukkanen
Kansankatu 46 A 21,
90100 Oulu
Finland
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).