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2013-12-18 14:00:00 CET 2013-12-18 14:00:33 CET REGULATED INFORMATION Afarak Group Plc - Company AnnouncementPAYMENT OF SHARE BASED COMPENSATION13:00 London, 15:00 Helsinki, 18 December 2013 - Afarak Group Plc, Stock Exchange Release PAYMENT OF SHARE BASED COMPENSATION The Board of Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces that it has awarded 52,720 ordinary shares (the "Shares") from the treasury to Mr Wynand van Wyk, Head of Mining South Africa. The Shares are issued under the authorization given by the Company's Annual General Meeting in May 2013 and form a part of the Company's incentive programme for senior management. Under the terms of the directed free share issue scheme, the shares are offered free of charge and in derogation of the pre-emptive subscription right of shareholders. 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#1750815] |
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