Afarak Group Plc Afarak Mogale (PTY) Ltd (IN BUSINESS RESCUE) - Extension Of The Publication Date Of The Business Rescue Plan
27 May 2020 - 8:12PM
UK Regulatory
TIDMAFAGR
11:15 London, 13:15 Helsinki, 27 May 2020 - Afarak Group Plc ("Afarak"
or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
AFARAK MOGALE (PTY) LTD (IN BUSINESS RESCUE) - EXTENSION OF THE
PUBLICATION DATE OF THE BUSINESS RESCUE PLAN
Stock Exchange Release
The business rescue practitioners in Mogale informed all stakeholders
that the request to postpone the publication date for the proposed
business rescue plan, in terms of the provisions of Section 150 (5)(b)
of the Companies Act, has been supported by the requisite majority of
creditors.
The production on P1 furnace has also resumed in the meantime.
Helsinki, May 27, 2020
AFARAK GROUP PLC
Board of Directors
For additional information, please contact:
Afarak Group Plc
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
https://www.globenewswire.com/Tracker?data=1P8_jrn7fwIMGSKaG-djL8yd0jc8Ss4BsuU3ReQGv0hmDkw8u-f0cSwrqyVpGbbIhXyuH4dBvrV6N0FMw3OvFq39T5T8Q89Z85YFqLmrT-6jEo-EeBHV3bpo4A-KSeXu
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
(END) Dow Jones Newswires
May 27, 2020 06:12 ET (10:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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