HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN A...

13:00 London, 15:00 Helsinki, 30 April 2015 - Afarak Group Plc, Stock Exchange Release

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, NASDAQ: AFAGR) has on 30 April 2015 received a flagging notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from Dr Danko Koncar regarding the shares of Afarak.

As a result of a transaction that occurred between two controlled corporations of Dr Danko Koncar, Kermas Limited and Kermas Resources Limited, Kermas Limited has decreased below the threshold of 5 per cent and Kermas Resources Limited has increased above the threshold of 25 per cent.

However, the total combined ownership of Dr Danko Koncar remains completely unchanged.


1. Name of the target company
Afarak Group Plc

2. Basis for the flagging obligation
Sale of shares

3. Date when the holdings have changed
30 April 2015

4. Holdings prior to the transaction

	Number of shares	% of shares	Number of voting rights	% of voting rights
Kermas Resources Limited	0	0	0	0
Kermas Limited	70,795,967	27.28	70,795,967	27.28
Danko Koncar	19,672	0.01	19,672	0.01
Total	70,815,639	27.28	70,815,639	27.28

 

5. Current holdings

	Number of shares	% of shares	Number of voting rights	% of voting rights
Kermas Resources Limited	70,795,967	27.28	70,795,967	27.28
Kermas Limited	0	0	0	0
Danko Koncar	19,672	0.01	19,672	0.01
Total	70,815,639	27.28	70,815,639	27.28

 

6. Name and address of the shareholder

 

Danko Koncar

 

 

Kermas Limited

Registration number 504889

P.O. Box 3175

3^rd Floor

Geneva Palace

Waterfront Drive

Road Town

British Virgin Islands

 

Kermas Resources Limited

Registration number C 66256

Ground Floor

Europa Centre

St. Anne Street

Floariana FRN 9011

Malta

AFARAK GROUP PLC
Danko Koncar
CEO


For additional information, please contact:

Afarak Group Plc
Danko Koncar, CEO, [phone], [e-mail]

Afarak Group is a chrome mining and minerals producer focused on delivering sustainable growth with a speciality alloys business in southern Europe and a ferro alloys business in southern Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com

Distribution:
NASDAQ Helsinki
London Stock Exchange
main media
www.afarakgroup.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Afarak Group via Globenewswire

HUG#1917446