Last checked at 24 Aug 2021 07:29
AFARAK GROUP: SETTLEMENT OF A CLAIM07:30 London, 09:30 Helsinki, 24 August 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
Settlement of a claim
Stock Exchange Release
On September 22, 2020 Afarak Group Plc (“Company”) published a release informing the market that it had come to the attention of the company that Absa Bank, a South African bank (“Absa”), had brought a claim against the Company in the district court of Helsinki.
The parties have settled the claim. As the parties have settled the dispute the District Court of Helsinki has dismissed the claims in their entirety.
Helsinki, August 24, 2021
AFARAK GROUP PLC
Board of Directors
For additional information, please contact:
Afarak Group Plc
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com Financial reports and other investor information are available on the Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
Distribution: NASDAQ Helsinki London Stock Exchange Main mediawww.afarak.com