AFARAK GROUP HAS RECEIVED A REQUEST TO CONVENE AN EXTRAORDINARY GENERAL MEETING
09 November 2017 - 6:00PM
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
8th 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:
-
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;
-
Dismissal of the Board; and
-
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
Afarak (LSE:AFRK)
Historical Stock Chart
From Apr 2024 to May 2024
Afarak (LSE:AFRK)
Historical Stock Chart
From May 2023 to May 2024