Afarak Group Plc Afarak Group Has Received A Request To Convene An Extraordinary General Meeting
09 November 2017 - 6:00PM
UK Regulatory
TIDMAFAGR
07:00 London, 09:00 Helsinki, 09 November 2017 - Afarak Group Plc
("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
AFARAK GROUP HAS RECEIVED A REQUEST TO CONVENE AN EXTRAORDINARY GENERAL
MEETING
Afarak Group has received a request on the 8(th) November 2017 from a
group of shareholders, representing 10.86% of shares and voting rights,
to convene an extraordinary meeting of shareholders. The shareholders
are:
-- Joensuun Kauppa ja Kone Oy
-- Markku Kankaala
-- Esa Hukkanen
-- Petri Suokas
-- Tomi Hyttinen
-- Taloustieto Incrementum Ky
-- Juhani Lemmetti
-- Kari Kakkonen
-- Antti Kivimaa
-- AJ Elite Value Hedge Fund
-- Aarne Simula
-- Timo Kankaala
The main points of the request, written originally in Finnish, are:
"The presenters of the request, who at the time of the request own more
than one-tenth of all shares of the Company) are putting forward a
request to the Board of Afarak Group Plc (hereinafter Afarak), pursuant
to Chapter 5 Paragraph 4 of the Companies Act, to convene without delay
and Extraordinary General Meeting of Afarak to address the following
issues:
1. A proposal to perform a special audit, in accordance with Chapter 7
Paragraph 7 of the Companies Act, concerning the Company's administration
and accounting for the financial years January 1st to December 31st 2015,
January 1st to December 31st 2016 as well as for the financial year
beginning January 1st 2017 until October 31st 2017. The special audit
should investigate the activity of Afarak and its administration as well
as the legitimacy of the mentioned activity, in particular regarding and
taking into account all business and legal actions between the Company
and its main shareholder Danko Koncar and his controlled corporations and
other related parties;
2. Dismissal of the Board; and
3. Election of a new Board, independent of the Company's main shareholder
Danko Koncar and his controlled corporations."
The Board of Directors of Afarak Group will discuss the received letter
of request in the manner provided by the Finnish Companies Act.
AFARAK GROUP PLC
For additional information, please contact:
Afarak Group Plc
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
Jean Paul Fabri, PR Manager, +356 2122 1566, jp.fabri@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 Helsinki
London Stock Exchange
Main media
www.afarak.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
http://www.afarakgroup.com
(END) Dow Jones Newswires
November 09, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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