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  2. Share Prices
  3. Afarak Group Share Price
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  5. DIRECTED SHARE ISSUE FROM AFARAK GROUP PLC

Pin to quick picksAfarak Group Regulatory News (AFRK)

Afarak Group Information

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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
5th Mar 20202:00 pmGNWAFARAK GROUP: NOTIFICATION OF MANAGERS’ TRANSACTIONS
28th Feb 202011:23 amGNWAFARAK GROUP PLC: FINANCIAL STATEMENTS RELEASE 2019
26th Feb 20203:51 pmGNWAFARAK GROUP: Q4 EBITDA WEAKER THAN EXPECTED
30th Jan 20203:16 pmGNWAFARAK GROUP: NOTIFICATION OF MANAGERS’ TRANSACTIONS
28th Jan 20201:50 pmGNWCHANGES REGARDING AFARAK GROUP PLC’S TREASURY SHARES
30th Dec 20194:07 pmGNWAFARAK GROUP PLC´S 2020 FINANCIAL REPORTING CALENDAR
9th Dec 20191:31 pmGNWSUBSIDIARY SECTION 189 NEGOTIATIONS
29th Nov 20191:17 pmGNWAFARAK GROUP: INTERIM REPORT Q3/2019
28th Nov 20199:05 amGNWCHANGES REGARDING AFARAK GROUP PLC’S TREASURY SHARES
11th Nov 20193:59 pmGNWCHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS
23rd Oct 201912:38 pmGNWAFARAK GROUP PLC APPEALS THE FIN-FSA DECISION TO THE HELSINKI ADMINISTRATIVE COURT
17th Oct 20199:03 amGNWAFARAK GROUP PLC POSTPONES THE DISCLOSURE OF THE INTERIM REPORT FOR Q3/2019
24th Sep 20197:42 amGNWFIN-FSA IMPOSES A PENALTY PAYMENT FOR AFARAK
23rd Sep 20199:55 amGNWDIRECTED SHARE ISSUES FROM AFARAK GROUP PLC
26th Aug 20193:47 pmGNWCHANGES REGARDING AFARAK GROUP PLC’S SHARES AND TREASURY SHARES
23rd Aug 20194:29 pmGNWAFARAK GROUP: INTERIM REPORT Q2 2019
8th Aug 201910:32 amGNWNotification Pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act
8th Aug 201910:15 amGNWCHANGE IN THE NUMBER OF SHARES IN AFARAK GROUP PLC
7th Aug 20192:53 pmGNWQ2 EBITDA WEAKER THAN EXPECTED
31st Jul 201910:42 amGNWFINAL RESULT OF AFARAK GROUP PLC’S PUBLIC TENDER OFFER FOR OWN SHARES
30th Jul 20191:29 pmGNWPreliminary Result of Afarak Group Plc’s Public Tender Offer for Own Shares
16th Jul 201911:07 amGNWAFARAK GROUP PLC ANNOUNCES CHANGES IN IMPORTANT DATES RELATING TO THE TENDER OFFER
12th Jul 20192:44 pmGNWAFARAK GROUP PLC HAS RESOLVED TO EXTEND THE OFFER PERIOD OF THE TENDER OFFER
1st Jul 20198:51 amGNWCHANGES REGARDING AFARAK GROUP PLC’S TREASURY SHARES
28th Jun 20195:05 pmGNWSUPPLEMENT TO THE OFFER DOCUMENT BY AFARAK GROUP PLC DATED JUNE 7, 2019 REGARDING THE PUBLIC TENDER OFFER FOR OWN SHARES
28th Jun 201910:08 amGNWAFARAK GROUP PLC HAS RESOLVED TO EXTEND THE OFFER PERIOD OF THE TENDER OFFER
25th Jun 20191:50 pmGNWRESOLUTIONS OF AFARAK GROUP PLC’S ANNUAL GENERAL MEETING  
24th Jun 201911:16 amGNWSPECIFICATIONS RELATING TO THE INVITATION TO THE ANNUAL GENERAL MEETING OF AFARAK GROUP PLC REGARDING THE NUMBER OF BOARD MEMBERS, THE BOARD MEMBER CANDIDATES AND THE REMUNERATION OF THE BOARD MEMBERS
18th Jun 201912:25 pmGNWSUPPLEMENT TO THE OFFER DOCUMENT BY AFARAK GROUP PLC DATED JUNE 7, 2019 REGARDING THE PUBLIC TENDER OFFER FOR OWN SHARES
17th Jun 20191:08 pmGNWAFARAK RECEIVES DECISION FROM FIN-FSA RELATING TO DANKO KONCAR
14th Jun 20199:38 amGNWSupplement to the offer document by Afarak Group PLC dated June 7 2019 regarding the public tender offer for own shares
13th Jun 20192:31 pmGNWChanges in Production do not affect the buy-back
12th Jun 201910:12 amGNWPRODUCTION GUIDANCE & OPERATIONAL UPDATE ON FERRO-ALLOY SEGMENT
7th Jun 20193:44 pmGNWAFARAK GROUP PLC’S PUBLIC TENDER OFFER FOR OWN SHARES WILL COMMENCE ON JUNE 10, 2019. THE OFFER PRICE FOR A SHARE IS EUR 1.015
7th Jun 20192:00 pmGNWAFARAK GIVEN DECISION ON SPECIAL AUDIT
29th May 20194:22 pmGNWInvitation to the Annual General Meeting
29th May 20194:18 pmGNWRepurchase of own shares
29th May 20194:11 pmGNWAfarak secures funding for repurchase of shares
29th May 20196:51 amGNWTWO DIRECT SHARE ISSUES FROM AFARAK
20th May 20193:36 pmGNWCONVERSION OF AFARAK INTO A EUROPEAN COMPANY
17th May 201910:10 amGNWADVERSE BUSINESS CONDITIONS IMPACT PERFORMANCE
14th May 20194:13 pmGNWAFARAK GROUP: PROFIT WARNING FOR Q1 2019
7th May 20192:12 pmGNWHOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT)
2nd May 20191:23 pmGNWAFARAK GROUP: NOTIFICATION OF MANAGERS’ TRANSACTIONS
5th Apr 20194:04 pmGNWAFARAK GROUP COMPLETES THE TRANSACTION RELATING TO SYNERGY AFRICA LTD
3rd Apr 20194:47 pmGNWAFARAK WILL ACQUIRE 49% BALANCE of SYNERGY AFRICA LTD (Joint Venture)
1st Apr 201912:52 pmGNWAFARAK PUBLISHES AUDITOR’S REPORT
29th Mar 20194:16 pmGNWAFARAK GROUP PLC'S PUBLISHES FINANCIAL STATEMENTS AND ANNUAL REPORT FOR 1 JANUARY - 31 DECEMBER 2018 
29th Mar 20193:00 pmGNWCORRECTION: UPDATE ON BUY-BACK
28th Mar 20191:00 pmGNWUPDATE ON BUY-BACK
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