HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN A...

13:30 London, 15:30 Helsinki, 25 July 2014 - Afarak Group Plc, Stock Exchange Release

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT)

 

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) has on 25 July 2014 received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from Ms Aida Djakov regarding the shares of Afarak.

As a result of the increase in the total number of shares in Afarak, due to the directed share issue, announced on 18 July, the ownership percentage of Atkey Limited ("Atkey"), a controlled corporation of Ms Djakov, has decreased below 20 per cent. According to the flagging notification, Atkey currently holds 19.81 per cent of the shares and voting rights in Afarak.

 

 

1. Name of the target company
Afarak Group Plc

2. Basis for the flagging obligation
Increase in the total number of shares of Afarak due to a directed share issue

3. Date when the total number of Afarak shares increased
24 July 2014

4. Holdings prior to the directed share issue

	Number of shares	% of shares	Number of voting rights	% of voting rights
Atkey Limited	51,426,401	20.70	51,426,401	20.70
Aida Djakov	17,100,300	6.88	17,100,300	6.88
Total	68,526,701	27.58	68,526,701	27.58

 

5. Current holdings

	Number of shares	% of shares	Number of voting rights	% of voting rights
Atkey Limited	51,426,401	19.81	51,426,401	19.81
Aida Djakov	17,100,300	6.58	17,100,300	6.58
Total	68,526,701	26.4	68,526,701	26.4

 

6. Name and address of the shareholder

Atkey Limited

P.O. Box 3175

Road Town

Tortula

British Virgin Isles

 

AFARAK GROUP PLC
Danko Koncar
CEO

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

HUG#1838592