AFARAK GROUP SE: DIRECTED SHARE ISSUE WITHOUT PAYMENT TO THE COMPANY ITSELF
14 Februar 2024 - 12:02PM
UK Regulatory
AFARAK GROUP SE: DIRECTED SHARE ISSUE WITHOUT PAYMENT TO THE
COMPANY ITSELF
11:00 London, 13:00 Helsinki, 14
February 2024 - Afarak Group SE ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)
AFARAK GROUP SE: DIRECTED SHARE ISSUE
WITHOUT PAYMENT TO THE COMPANY ITSELF
Stock Exchange Release
Afarak’s Board of Directors has decided, to
direct a share issuance without payment to the Company itself, by
virtue of the authority granted by the General Annual Meeting of 21
June 2023 and according to chapter 9, section 20 of the Companies'
Act.
The share issuance consists of 10,000,000 new
shares. The shares are of the same share series than the existing
shares of the Company and they have the same share rights as of
their registration than the Company´s existing shares. The shares
which will be held by the Company may be used among other things to
raise additional finance and enabling corporate and business
acquisitions or other arrangements and investments of business
activity or for employee incentive and commitment schemes.
The new shares will be registered into the Trade
Register without undue delay after which the Company will apply for
the shares to be publicly traded on Nasdaq Helsinki Oy.
Helsinki, February 14, 2024
AFARAK GROUP SE
Board of Directors
For additional information, please
contact:
Guy Konsbruck, CEO, +356 2122
1566, guy.konsbruck@afarak.com
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
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