08:15 London, 10:15 Helsinki, 29 August 2022 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
CHANGES REGARDING AFARAK GROUP PLC’S TREASURY SHARES
Stock Exchange Release
On 18 August 2022, Afarak released information regarding directed share issue relating to Arrangement to decrease the amount of Afarak Group’s external debt burden.
Afarak has now executed the directed share issue relating to the arrangement and total of 13,132,477 treasury shares have been transferred in such a way that the shares are not anymore held by the Company or by its subsidiary.
After the execution, 7,041,514 treasury shares shall remain in the possession of Afarak, representing approximately 2.64 per cent of the total shares and votes of the Company.
Helsinki, August 29, 2022
AFARAK GROUP PLC
Board of Directors
For additional information, please contact:
Afarak Group Plc
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@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
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