AFARAK GROUP PLC ANNOUNCES CHANGES IN IMPORTANT...

Released: July 16, 2019
11:00 London, 13:00 Helsinki, 16 July 2019 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP PLC ANNOUNCES CHANGES IN IMPORTANT DATES RELATING TO THE TENDER OFFER
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Stock Exchange Release

The Board of Directors of Afarak resolved on 12 July 2019 to extend the offer period (“Offer Period”) regarding the acquisition of Afarak’s own shares (the “Shares”) in a voluntary public tender offer directed to all shareholders (the “Offer”or the “Tender Offer”). The Offer Period of the Offer was by virtue of the terms and conditions of the Offer extended to expire on 29 July 2019 at 4:00 pm (Finnish time).
Due to the extension of the Offer Period, it is anticipated that the following important dates relating to the Offer will change as follows:
29 July 2019     Offer Period expires
30 July 2019     Announcement of the preliminary result of the Offer
31 July 2019     Announcement of the final result of the Offer if the acceptance of the Offers made by the shareholders does not need to be scaled back
1 August 2019     Execution  of  the  sales  and  purchase  transactions  in  the  Offer  if    the acceptance of the Offers made by the shareholders does  not need to be scaled back
5 August 2019     Payment of the Share Offer Price if the acceptance of the Offers made by the shareholders does not need to be scaled back
If the acceptances of the Offers must be scaled back:
1 August 2019     Announcement of the final result of the Offer if the acceptances of the Offers made by the shareholders is scaled back
2 August 2019     Execution  of  the  sales  and  purchase  transactions  in  the  Offer  if    the acceptances of the Offers made by the shareholders is scaled back pro rata
6 August 2019     Payment of the Share Offer Price if the acceptance of the Offers made n by the shareholders is scaled back
A  printed version of the changes in important dates relating to the Offer will be available  in  Finnish    approximately  from  16 July  2019  onwards  at  UB  Securities  Oy, Aleksanterinkatu  21  A,  00100  Helsinki,  Finland  and  at  Nasdaq  Helsinki,  Fabianinkatu  14, 00100  Helsinki,  Finland.  An  electronic  version  of  the  changes in important dates relating to the Offer will be available in Finnish and English from 16 July 2019 onwards online at www.unitedbankers.fi/tender.

Helsinki, July 16, 2019
Afarak Group Plc
Board of Directors

For additional information, please contact:
Guy Konsbruck, CEO, [phone], [e-mail]
Jean Paul Fabri, PR Manager, [phone], [e-mail]
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

Disclaimer
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in Afarak Group Plc (the "Shares") anywhere in the world. The final terms and further provisions of the public tender offer (the "Offer") will be disclosed in the offer document approved by the Finnish Financial Supervisory Authority. Holders of the Shares are strongly recommended to read the offer document and all announcements in connection with the Offer as they contain or will contain important information.
The Offer is not being made directly or indirectly, in or into the United States or any other jurisdiction where to do so would constitute a violation of the laws of such jurisdiction. The Offer is not being made by the use of the mails or any other means or instruments of interstate or foreign commerce (inter alia, transmission by fax, telephone or internet) in or into the United States, nor by the use of any facility of a national securities exchange in the United States. Accordingly, the sending or any other distribution of this announcement or any other accompanying document in or into the United States or any other jurisdiction, where to do so would constitute a violation of the laws of such jurisdiction, is prohibited.