HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN A...

07:00 London, 09:00 Helsinki, 2 January 2015 - 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, NASDAQ: AFAGR) has on 30 December 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 a transaction that occurred between Ms Aida Djakov and her controlled corporation Atkey Limited ("Atkey") Ms Aida Djakov has personally decreased below the threshold of 5 per cent and Atkey has increased above the threshold of 25 per cent. However, the total combined ownership of Ms Aida Djakov and Atkey remains unchanged.


1. Name of the target company
Afarak Group Plc

2. Basis for the flagging obligation
Share Transaction

3. Date when the total number of Afarak shares increased
18 December 2014

4. Holdings prior to the transaction

	Number of shares	% of shares	Number of voting rights	% of voting rights
Atkey Limited	51,426,401	19.8	51,426,401	19.8
Aida Djakov	17,100,300	6.6	17,100,300	6.6
Total	68,526,701	26.4	68,526,701	26.4

 

5. Current holdings

	Number of shares	% of shares	Number of voting rights	% of voting rights
Atkey Limited	68,526,701	26.4	68,526,701	26.4
Aida Djakov	0	0	0	0
Total	68,526,701	26.4	68,526,701	26.4

 

6. Name and address of the shareholder

 

Ms Aida Djakov

 

and

 

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]

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 Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com

Distribution:
NASDAQ 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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