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2013-12-18 14:10:00 CET 2013-12-18 14:10:22 CET REGULATED INFORMATION Afarak Group Plc - Company AnnouncementAFARAK GROUP: CHANGES IN THE MANAGEMENT TEAM13:10 London, 15:10 Helsinki, 18 December 2013 - Afarak Group Plc, Stock Exchange Release AFARAK GROUP: CHANGES IN THE MANAGEMENT TEAM Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, OMX: AFAGR) announces that Mr Stefano Bonati will leave his position as Chief Commercial Officer and steps down from the Afarak Executive Management Team. Mr Bonati will continue his duties, as a consultant, for the Company. Mr Michael Lillja, an Executive Director and Head of Marketing of RCS, the Company's marketing arm, replaces Mr Bonati in the Executive Management Team. The composition of the new Executive Management of Afarak is as follows as of 18 December 2013: Dr Danko Koncar, CEO; Dr Alistair Ruiters, Executive Chairman, Afarak South Africa; and Mr Michael Lillja, Head of Marketing. 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 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#1750824] |
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