As a result of the increase in the total number of shares in Afarak, due to the directed share issue, announced on 18 July, the ownership percentage of Atkey Limited ("Atkey"), a controlled corporation of Ms Djakov, has decreased below 20 per cent. According to the flagging notification, Atkey currently holds 19.81 per cent of the shares and voting rights in Afarak.
1. Name of the target company
Afarak Group Plc
2. Basis for the flagging obligation
Increase in the total number of shares of Afarak due to a directed share issue
3. Date when the total number of Afarak shares increased
24 July 2014
4. Holdings prior to the directed share issue
| Number of shares | % of shares | Number of voting rights | % of voting rights | |
| Atkey Limited | 51,426,401 | 20.70 | 51,426,401 | 20.70 |
| Aida Djakov | 17,100,300 | 6.88 | 17,100,300 | 6.88 |
| Total | 68,526,701 | 27.58 | 68,526,701 | 27.58 |
5. Current holdings
| Number of shares | % of shares | Number of voting rights | % of voting rights | |
| Atkey Limited | 51,426,401 | 19.81 | 51,426,401 | 19.81 |
| Aida Djakov | 17,100,300 | 6.58 | 17,100,300 | 6.58 |
| Total | 68,526,701 | 26.4 | 68,526,701 | 26.4 |
AFARAK GROUP PLC
Danko Koncar
CEO
For additional information, please contact:
Afarak Group Plc
Danko Koncar, CEO, +44 (0)20 7376 1175, danko.konchar@afarak.com
Investec Bank Plc
Jeremy Wrathall, +44 (0)20 7597 5970
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 OMX Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com
Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.afarakgroup.com