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  3. Afarak Group Plc Share Price
  4. Afarak Group Plc Share Regulatory News
  5. DIRECTED SHARE ISSUE FROM AFARAK GROUP PLC

Pin to quick picksAfarak Group Plc Regulatory News (AFRK)

Afarak Group Plc Information

Share Price Information for Afarak Group Plc (AFRK)

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22.40    0.00 (0.00%)
Bid:
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Spread: 0.00 (0.00%)
Market Cap: £58.55m
AFRK Live PriceLast checked at - London Stock Exchange

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DIRECTED SHARE ISSUE FROM AFARAK GROUP PLC

18 Aug 2022 12:21

DIRECTED SHARE ISSUE FROM AFARAK GROUP PLC

12:30 London, 14:30 Helsinki, 18 August 2022 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

DIRECTED SHARE ISSUE FROM AFARAK GROUP PLC

Stock Exchange Release

Afarak has resolved on directed share issue (“Share Issue”) to RCS Trading Corporation Ltd (“RCS”). The Share Issue takes place in accordance with the decisions of the Afarak Board of Directors, on the basis of the authorization given by the Annual General Meeting of Afarak on 1 June 2022, in deviation from the shareholders’ pre-emptive subscription right.

The Share Issue is connected to an Arrangement approved by the Board of Directors on 18th August 2022 related to the purchase by Afarak of certain loan receivables that RCS Trading Corporation Ltd has from Afarak’s group company Synergy Africa Limited. The Arrangement will take place in order to decrease the amount of Afarak Group’s external debt burden. This shall benefit also the Company as mother company of the Group. Therefore, the Share Issue fulfills the requirements as set out in the Finnish Companies Act.

As consideration for the Arrangement, Afarak shall issue in the Share Issue total of 13,132,477 treasury shares with a subscription price of approximately EUR 0.40 (EUR 0.3999031786225790) EUR per share, RCS shall pay the subscription price in full with contribution in kind.

After the execution of the Share Issue 7,041,514 treasury shares shall remain in the possession of Afarak.

Helsinki, August 18th , 2022

Afarak Group Plc

Board of Directors

For additional information, please contact:

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 HelsinkiLondon Stock ExchangeMain media

www.afarak.com

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Date   Source Headline
18th May 202610:29 amBUSNOTICE TO THE ANNUAL GENERAL MEETING
30th Apr 20268:32 amBUSAfarak Group: Production report Q1 2026
27th Mar 20262:30 pmBUSAFARAK GROUP SE'S PUBLISHES FINANCIAL STATEMENTS 2025
27th Feb 20269:00 amGNWAfarak Group: FINANCIAL STATEMENTS RELEASE 2025
24th Feb 20262:15 pmBUSPROFIT WARNING – DECREASE IN EBITDA
24th Feb 20262:15 pmGNWPROFIT WARNING – DECREASE IN EBITDA
20th Jan 202610:16 amGNWAFARAK GROUP SE: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT
24th Dec 20259:00 amRNSAFARAK GROUP SE: DISTRIBUTION OF ASSETS FROM THE RESERVE FOR INVESTED UNRESTRICTED EQUITY
24th Dec 20259:00 amGNWAFARAK GROUP SE: DISTRIBUTION OF ASSETS FROM THE RESERVE FOR INVESTED UNRESTRICTED EQUITY
19th Dec 202512:00 pmRNSAFARAK GROUP SE´S 2026 FINANCIAL REPORTING CALENDAR
19th Dec 202512:00 pmGNWAFARAK GROUP SE´S 2026 FINANCIAL REPORTING CALENDAR
6th Nov 202510:15 amGNWANOTHER FIN-FSA RELEASE IN THE MATTER AGAINST DR DANKO KONCAR
24th Oct 20258:00 amGNWAFARAK GROUP INVESTS IN PRODUCTION OF METALLURGICAL GRADE CHROME ORE CONCENTRATE
24th Oct 20257:00 amGNWCORRECTION: AFARAK GROUP: PRODUCTION REPORT Q3 2025
23rd Oct 20258:00 amGNWAFARAK GROUP: PRODUCTION REPORT Q3 2025
15th Aug 20257:00 amGNWAFARAK GROUP: INTERIM REPORT H1 2025
27th Jun 20257:00 amGNWAFARAK GROUP SELLS ZEERUST MINE ASSETS
3rd Jun 202511:45 amGNWRESOLUTIONS OF AFARAK GROUP SE’S ANNUAL GENERAL MEETING
28th May 20253:47 pmGNWAFARAK GROUP SE: REDUCTION OF THE SHARE PREMIUM RESERVE
28th May 20253:45 pmGNWAFARAK GROUP SE: REDUCTION OF SHARE CAPITAL REGISTERED IN THE FINNISH TRADE REGISTER
14th May 202510:00 amGNWAFARAK GROUP: PRODUCTION REPORT Q1 2025
9th May 20252:22 pmGNWNOTICE TO THE ANNUAL GENERAL MEETING
31st Mar 20252:45 pmGNWCHANGES REGARDING AFARAK GROUP SE’S TREASURY SHARES
28th Mar 202512:15 pmGNWAFARAK GROUP SE PUBLISHES FINANCIAL STATEMENTS 2024
28th Feb 20259:32 amGNWAfarak Group: FINANCIAL STATEMENTS RELEASE 2024
21st Feb 20254:25 pmGNWPROFIT WARNING – DECREASE OF TURNOVER AND EBITDA
29th Jan 202510:45 amGNWRESOLUTIONS OF AFARAK GROUP SE’S EXTRAORDINARY GENERAL MEETING
23rd Dec 202411:15 amGNWNOTICE TO THE EXRTRAORDINARY GENERAL MEETING
23rd Dec 202410:15 amGNWAFARAK GROUP SE’S DIVIDEND POLICY
20th Dec 20242:00 pmGNWAFARAK GROUP SE´S 2025 FINANCIAL REPORTING CALENDAR
29th Oct 202412:30 pmGNWAfarak Group: Production Report Q3 2024
7th Oct 20243:31 pmGNWAFARAK GROUP REPORTS A FATALITY AT ZEERUST CHROME MINE
25th Sep 20243:52 pmGNWAfarak Group Reports a Fatality at Ilitha
16th Aug 202410:15 amGNWAFARAK GROUP: INTERIM REPORT H1 2024
1st Jul 20243:19 pmGNWCORRECTION: PROFIT WARNING – DECREASE OF TURNOVER AND EBITDA
1st Jul 20241:30 pmGNWPROFIT WARNING – DECREASE OF TURNOVER AND EBITDA
31st May 202412:15 pmGNWRESOLUTIONS OF AFARAK GROUP SE’S ANNUAL GENERAL MEETING
10th May 202411:26 amGNWNOTICE TO THE ANNUAL GENERAL MEETING
6th May 20243:30 pmGNWAfarak Group: Production report Q1 2024
22nd Apr 202411:30 amGNWAFARAK GROUP SE: EXTRAORDINARY GENERAL MEETING
11th Apr 20249:26 amGNWAFARAK GROUP SE PUBLISHES REMUNERATION REPORT 2023
27th Mar 20241:59 pmGNWAFARAK GROUP SE'S PUBLISHES FINANCIAL STATEMENTS 2023
25th Mar 20242:29 pmGNWINVITATION TO THE EXTRAORDINARY GENERAL MEETING
29th Feb 20249:03 amGNWAFARAK GROUP SE: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT
29th Feb 20249:00 amGNWCHANGES REGARDING AFARAK GROUP SE’S SHARES AND TREASURY SHARES
23rd Feb 20249:41 amGNWAFARAK GROUP SE: FINANCIAL STATEMENTS RELEASE 2023
14th Feb 202411:02 amGNWAFARAK GROUP SE: DIRECTED SHARE ISSUE WITHOUT PAYMENT TO THE COMPANY ITSELF
22nd Jan 20242:53 pmGNWCHANGES REGARDING AFARAK GROUP SE’S TREASURY SHARES
28th Dec 20234:00 pmGNWAFARAK GROUP SE´S 2024 FINANCIAL REPORTING CALENDAR
7th Nov 20239:30 pmGNWAFARAK GROUP SE: CHANGE IN CORPORATE MANAGEMENT
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