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2014-05-02 12:30:00 CEST 2014-05-02 12:30:30 CEST REGULATED INFORMATION Afarak Group Plc - Major shareholder announcementsHOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT)11:30 London, 13:30 Helsinki, 2 May 2014 - 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, OMX: AFAGR) has on 1 May 2014 received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from Hino Resources Co. Ltd ("Hino"), a company incorporated and existing under the laws of Hong Kong, regarding the shares of Afarak. In accordance with the flagging notification, Hino has completed an acquisition of shares in Afarak Group Plc and the transaction has resulted in Hino increasing above 20 per cent and becoming a 21.29 per cent holder of the shares and voting rights in Afarak. 1. Name of the target company Afarak Group Plc 2. Basis for the flagging obligation Acquisition of shares 3. Date when the holdings have changed 30 April 2014 4. As a result of the transaction, the holding of Hino Resources Co. Ltd in Afarak is the following: Number of shares % of shares Number of voting rights % of voting rights 52,881,903 21.29 52,881,903 21.29 5. Name and address of the shareholder Hino Resources Co. Ltd Room 904, Tai Tung Building 8 Fleming Road, Wanchai Hong Kong 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#1782234] |
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