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2013-11-08 08:05:00 CET 2013-11-08 08:05:48 CET REGULATED INFORMATION Afarak Group Plc - Company AnnouncementAFARAK GROUP: DIRECTED SHARE ISSUE UPDATE07:05 London, 09:05 Helsinki, 8 November 2013 - Afarak Group Plc, Stock Exchange Release AFARAK GROUP: DIRECTED SHARE ISSUE UPDATE Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces that further to the announcement of 10 July 2013 and the update provided on 15 August 2013 in the Q2 report, the Company continues to negotiate the intended share issue with Sail Resources Pte and currently expects to complete negotiations by the end of the year. The contemplated share issue would consist of up to five million (5,000,000) new ordinary shares (the "Shares") representing approximately 2.01 per cent of the current issued share capital and 2.05 per cent of the total voting rights of the Company prior to the share issue. Sail Resources Pte is a Singapore-based customer of Afarak and operates in the commodities market. AFARAK GROUP PLC BOARD OF DIRECTORS For additional information, please contact: Afarak Group Plc Danko Koncar, CEO, +44 (0)20 7376 1175, danko.konchar@afarak.com Investec Bank Plc Jeremy Wrathall, +44 (0)20 7597 5970 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 [HUG#1741645] |
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