{"id":65742,"date":"2024-02-29T09:08:05","date_gmt":"2024-02-29T09:08:05","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/afarak-group-se-notification-pursuant-to-chapter-9-section-10-of-the-finnish-securities-markets-act\/"},"modified":"2024-02-29T09:08:05","modified_gmt":"2024-02-29T09:08:05","slug":"afarak-group-se-notification-pursuant-to-chapter-9-section-10-of-the-finnish-securities-markets-act","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/afarak-group-se-notification-pursuant-to-chapter-9-section-10-of-the-finnish-securities-markets-act\/","title":{"rendered":"AFARAK GROUP SE: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT"},"content":{"rendered":"
\n

09:00 London, 10:00 Helsinki,\u00a029 February 2024\u00a0–\u00a0Afarak Group SE\u00a0(“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)<\/p>\n

AFARAK GROUP SE: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT <\/strong><\/p>\n

Stock Exchange Release<\/strong><\/p>\n

Afarak Group SE has on 29 February 2024 made a flagging notification to FIN-FSA pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act. According to the flagging notification Afarak\u2019s portion of the Company\u2019s shares has exceeded the threshold of 5 per cent.<\/p>\n

According to the notification, Afarak holds 16,041,514 treasury shares in Afarak, which corresponds to approximately 5.79 % of the total shares in Afarak. This is based on the fact that a total of 10,000,000 new shares issued on the basis of the directed share issuance without payment to the Company itself decided by Afarak\u2019s Board of Directors on February 14, 2024 based on the authorization granted by Afarak\u2019s Annual General Meeting on June 21, 2023 have been registered in the Trade Register today.<\/p>\n

Total positions of person subject to the notification:<\/p>\n\n\n\n\n
\u00a0<\/strong><\/td>\n% shares and voting rights<\/strong><\/td>\n% of shares and voting rights through financial instruments<\/strong><\/td>\n% of total<\/strong><\/td>\nTotal number of shares and voting rights of issuer<\/strong><\/td>\n<\/tr>\n
Resulting situation on the date on which threshold was crossed or reached<\/td>\n5.79<\/td>\n0<\/td>\n5.79<\/td>\n\n

277 041 814<\/p>\n<\/td>\n<\/tr>\n

Position of previous notification (if applicable)<\/td>\n2.64<\/td>\n0<\/td>\n2.64<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Information on amounts regarding shareholding and voting rights following when the threshold was crossed:<\/strong>
A: Shares and voting rights:<\/strong><\/p>\n\n\n\n\n\n
Class\/type of shares <\/strong><\/p>\n

\u00a0<\/strong><\/p>\n<\/td>\n

Number of shares<\/strong>
and voting rights<\/strong><\/td>\n		% of shares and voting rights<\/strong><\/td>\n<\/tr>\n
Direct<\/strong>
(SMA 9:5)<\/td>\n		Indirect<\/strong>
(SMA 9:6 and 9:7)<\/td>\n		Direct<\/strong>
(SMA 9:5)<\/td>\n		Indirect<\/strong>
(SMA 9:6 and 9:7)<\/td>\n<\/tr>\n
FI0009800098<\/td>\n16\u00a0041\u00a0514<\/td>\n0<\/td>\n5.79<\/td>\n0<\/td>\n<\/tr>\n
SUBTOTAL A<\/strong><\/td>\n16 041\u00a0514<\/strong><\/td>\n5.79<\/strong><\/td>\n<\/tr>\n<\/table>\n

Helsinki, February 29, 2024<\/p>\n

AFARAK GROUP SE<\/p>\n

Board of Directors<\/p>\n

For additional information, please contact:<\/strong><\/p>\n

Guy Konsbruck, CEO, +356 2122 1566,\u00a0guy.konsbruck@afarak.com<\/u><\/a><\/p>\n

Financial reports and other investor information are available on the Company’s website:\u00a0www.afarak.com<\/u><\/a>.<\/p>\n

Afarak Group\u00a0is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern\u00a0Europe\u00a0and a FerroAlloys business in\u00a0South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the\u00a0London Stock Exchange\u00a0(AFRK).<\/p>\n

Distribution:
NASDAQ\u00a0Helsinki
London Stock Exchange
Main media<\/p>\n

www.afarak.com<\/u><\/a><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

09:00 London, 10:00 Helsinki,\u00a029 February 2024\u00a0–\u00a0Afarak Group SE\u00a0(“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SE: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT Stock Exchange Release Afarak Group SE has on 29 February 2024 made a flagging notification to FIN-FSA pursuant to Chapter 9, Section 5 of 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