CHANGES REGARDING AFARAK GROUP PLC’S TREASURY SHARESSource: OMX
10:30 London, 12:30 Helsinki, 12 October 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
CHANGES REGARDING AFARAK GROUP PLC’S TREASURY SHARES
Stock Exchange Release
Pursuant to the share issue authorization granted by the Company's Annual General Meeting held on June 29, 2021, the Board of Directors has resolved on a directed share issue without payment. Based on the share issue 400,000 of the Company's treasury shares (“Shares”) have now been transferred to CEO Guy Konsbruck. The Shares form a part of the remuneration package under the CEO agreement.
After the execution of the share issue 5,673,991 treasury shares shall remain in the possession of Afarak, representing approximately 2.25 per cent of the total shares and votes of the Company.
Helsinki, October 12, 2021
AFARAK GROUP PLC
Board of Directors
For additional information, please contact:
Afarak Group Plc
Guy Konsbruck, CEO, +356 2122 1566, firstname.lastname@example.org
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).
London Stock Exchange