Last checked at 30 Mar 2022 07:55
THE SUPREME ADMINISTRATIVE COURT REJECTED AFARAK GROUP PLC'S APPLICATION FOR PERMISSION TO APPEAL07:50 London, 09:50 Helsinki, 30 March 2022 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
THE SUPREME ADMINISTRATIVE COURT REJECTED AFARAK GROUP PLC'S APPLICATION FOR PERMISSION TO APPEAL
Stock Exchange Release
By its decision today, the Supreme Administrative Court has rejected Afarak's application for permission to appeal. The Supreme Administrative Court therefore does not rule on the Afarak’s appeal.
Therefore, the penalty payment of EUR 1 450 000 imposed by FIN-FSA on 23 September 2019 to Afarak for failures relating to disclosure of inside information and maintenance of insider lists is lawful.
Helsinki, March 30, 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).
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www.afarak.com