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2014-04-03 08:00:00 CEST 2014-04-03 08:00:36 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)7:00 London, 9:00 Helsinki, 3 April 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 2 April 2014 received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from Finaline Business Limited ("Finaline"), a company incorporated and existing under the laws of British Virgin Islands, regarding the shares of Afarak. In accordance with the flagging notification, Finaline has completed a sale of 27,000,000 shares in Afarak Group Plc. The transaction has resulted in Finaline decreasing below 5 and 10 per cent and becoming a 0 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 Sale of shares 3. Date when the holdings have changed 1 April 2014 4. As a result of the transaction, the holding of Finaline Business Limited in Afarak is the following: Number of shares % of shares Number of voting rights % of voting rights 0 0 0 0 5. Name and address of the shareholder Finaline Business Limited 90 Main Street Road Town British Virgin Islands 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#1773981] |
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