Last checked at 7 May 2019 14:12
HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT)
14:00 London, 16:00 Helsinki, 07 May 2019 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
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 received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from Atkey Ltd ("Atkey"), a company incorporated and existing under the laws of Malta, regarding the shares of Afarak Group Oyj.
In accordance with the flagging notification, Atkey Ltd has completed a sale of shares in Afarak Group and the transaction has resulted in Atkey decreasing its shareholding in the Company to under 25 per cent and becoming a 23.62% per cent holder of the shares and voting rights in Afarak.
1. Name of the target companyAfarak Group Plc
2. Basis for the flagging obligationSale of shares
3. Date when the holdings have changed29 April 2019
4. As a result of the transaction, the holding of Atkey in Afarak is the following:
| Number of shares | % of shares | Number of voting rights | % of voting rights |
| 62,126,701 | 23.62% | 62,126,701 | 23.62% |
5. Name and address of the shareholderAtkey LtdGround Floor, Europa Centre, St. Anne Street,
Floriana, FRN 9011Â MALTA
AFARAK GROUP PLCGuy KonsbruckCEO
For additional information, please contact:Jean Paul Fabri, +356 2122 1566, jp.fabri@afarak.com
Afarak Group PlcAfarak Group plc (LSE: AFRK, NASDAQ: AFAGR), is a vertically-integrated global producer of speciality alloys with operations in South Africa, Turkey and Germany.
www.afarakgroup.com
Distribution:NASDAQ OMX HelsinkiLondon Stock Exchangemain mediawww.afarakgroup.com