AFARAK GROUP PLC RECEIVES NOTIFICATION TO WITHD...

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 8^th 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9, 10 and 11 in the invitation to the Extraordinary General Meeting published on 15^th December 2017 that are being withdrawn are: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, [phone], [e-mail]
Jean Paul Fabri, [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

PR_EGM_RESOLUTIONS_EN

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Source: Afarak Group via Globenewswire