HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN A...

HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT)
13:00 London, 15:00 Helsinki, 30 April 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 April 2015 received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from Dr Danko Koncar regarding the shares of Afarak.

As a result of a transaction that occurred between two controlled corporations of Dr Danko Koncar, Kermas Limited and Kermas Resources Limited, Kermas Limited has decreased below the threshold of 5 per cent and Kermas Resources Limited has increased above the threshold of 25 per cent.

However, the total combined ownership of Dr Danko Koncar remains completely unchanged.


1. Name of the target company
Afarak Group Plc

2. Basis for the flagging obligation
Sale of shares

3. Date when the holdings have changed
30 April 2015

4. Holdings prior to the transaction

  Number of shares % of shares Number of voting rights % of voting rights
Kermas Resources Limited 0 0 0 0
Kermas Limited 70,795,967 27.28 70,795,967 27.28
Danko Koncar 19,672 0.01 19,672 0.01
Total70,815,63927.2870,815,63927.28
 

5. Current holdings

  Number of shares % of shares Number of voting rights % of voting rights
Kermas Resources Limited 70,795,967 27.28 70,795,967 27.28
Kermas Limited 0 0 0 0
Danko Koncar 19,672 0.01 19,672 0.01
Total 70,815,63927.2870,815,63927.28
 
6. Name and address of the shareholder
 
Danko Koncar
 
 
Kermas Limited
Registration number 504889
P.O. Box 3175
3rd Floor
Geneva Palace
Waterfront Drive
Road Town
British Virgin Islands

 
Kermas Resources Limited
Registration number C 66256
Ground Floor
Europa Centre
St. Anne Street
Floariana FRN 9011
Malta


AFARAK GROUP PLC
Danko Koncar
CEO


For additional information, please contact:

Afarak Group Plc
Danko Koncar, CEO, +44 (0)20 7376 1175, danko.konchar@afarak.com

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



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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