CAPITAL REDEMPTION PROPOSAL

11:55 London, 13:55 Helsinki, 11 April 2014 - Afarak Group Plc, Stock Exchange Release


CAPITAL REDEMPTION PROPOSAL

Further to the information provided in the Annual Financial Statements of the Company, the Board of Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has now resolved to propose to the Annual General Meeting, which will be held on 8 May 2014, that a capital redemption of EUR 0.02 per share would be paid out of the paid-up unrestricted equity fund but no dividend would be distributed. This replaces the previous proposal of a capital redemption of EUR 0.01 per share, as noted in the Annual Financial Statements of the Company.

 

Subject to shareholder approval, the capital redemption will be paid on 22 May 2014 to shareholders who are registered on the Company's shareholder register maintained by Euroclear Finland Ltd on the record date for payment, being 13 May 2014. Shares will commence trading without the right to the capital redemption payment on 9 May 2014 in London and Helsinki.

 

AFARAK GROUP PLC

BOARD OF DIRECTORS

For additional information, please contact:

Afarak Group Plc
Danko Koncar, CEO, [phone], [e-mail]

Investec Bank Plc
Jeremy Wrathall, [phone]

Afarak Group is a chrome mining and minerals producer focused on delivering sustainable growth with a speciality alloys business in southern Europe and a ferro alloys business in southern Africa. The Company is listed on NASDAQ OMX Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com

Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.afarakgroup.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Afarak Group via Globenewswire

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