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Afarak Group Plc (AFAGR.HE)

AFAGR.HE on Helsinki Stock Exchange

0.83EUR
14 Dec 2018
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€0.00 (+0.48%)
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Latest Key Developments (Source: Significant Developments)

Afarak: Minority Shareholders Propose Board Members
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Afarak Group Plc ::REG-AFARAK RECEIVES COMMUNICATION FROM MINORITY SHAREHOLDERS.MINORITY GROUP IS PROPOSING MAURI KAUPPI, ESA HUKKANEN, MARKKU KANKAALA, TOMI HYTTINEN AND MIKAEL NIKANDER AS DIRECTORS.SHAREHOLDERS ATKEY LTD AND LNS LTD WHO HOLD MORE THAN 56 % OF SHARES AND VOTES, WILL VOTE AGAINST PRESENTED PROPOSAL.  Full Article

Afarak Group: Request From Shareholder LNS Ltd To Convene EGM
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Afarak Group Plc ::AFARAK GROUP - HAS RECEIVED REQUEST FROM SHAREHOLDER LNS LTD REPRESENTING OVER 10 % OF SHARES AND VOTING RIGHTS, TO CONVENE EGM.SHAREHOLDER PROPOSES TO ADDRESS FOLLOWING ISSUE: AUTHORISING BOARD OF DIRECTORS TO DECIDE ON REPURCHASE OF CO'S OWN SHARES.LNS PROPOSES THAT EGM WOULD RESOLVE TO AUTHORISE BOARD TO PLAN, DECIDE AND TO EXECUTE SWAP OF CO'S SHARES BY VOLUNTARY TAKEOVER BID TO BE MADE BY CO TO CO'S SHAREHOLDERS.  Full Article

Afarak Group PLC -Mogale To Shut Down Furnace Three
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Afarak Group Plc ::MOGALE TO SHUT DOWN FURNACE THREE.AFARAK MOGALE HAS REPORTED AN UNEXPECTED FAILURE IN FURNACE THREE, A 20 MVA SUBMERGED ARC FURNACE PRODUCING FERROCHROME.FAULT RELATES TO TRANSFORMER OF FURNACE AND REPAIRS ARE EXPECTED TO LAST UP TO 14 WEEKS.SAYS MANAGEMENT OF MOGALE IS WORKING ON A CONTINGENCY PLAN IN ORDER TO MINIMISE DISRUPTION.THE FAILURE RESULTS IN APPROXIMATELY A REDUCTION IN CAPACITY AND PRODUCTION OF AROUND 7,000 TONNES.SAYS SHUT DOWN IS EXPECTED TO NEGATIVELY AFFECT MOGALE'S FINANCIAL PERFORMANCE DURING QUARTER THREE.  Full Article

Afarak Receives Decision From FIN-FSA
Tuesday, 10 Jul 2018 

July 10 (Reuters) - AFARAK GROUP PLC ::REG-AFARAK RECEIVES DECISION FROM FIN-FSA.FIN-FSA ORDERED KONCAR TO PAY BASE OF CONDITIONAL FINE OF 40 EUR MILLION AND SUPPLEMENTARY OF EUR 10 MILLION ACCRUED BY THAT DATE.  Full Article

Afarak Group Not Aware Of Any Large Transactions Of Its Shares
Monday, 2 Jul 2018 

July 2 (Reuters) - Afarak Group Plc ::COMPANY WISHES TO STRESS OUT THAT IT IS NOT AWARE OF ANY LARGE TRANSACTIONS OF ITS SHARES..COMPANY WILL NOT COMMENT ANY FURTHER ON SUCH RUMOURS OR SHAREHOLDER ISSUES..  Full Article

Afarak Group Says Puts Its Plans To Delist On Hold
Tuesday, 24 Apr 2018 

April 24 (Reuters) - AFARAK GROUP PLC ::REG-AFARAK GROUP PLC: THE COMPANY PUTS ITS PLANS TO DELIST ON HOLD.KERMAS LTD AND ATKEY LTD INFORMED BOARD THAT THEY ARE WITHDRAWING THEIR INITIATIVE TO DELIST CO.AFARAK GROUP SAYS BOARD HAS ALSO PUT ON-HOLD PLANS FOR PUBLIC OFFERING FOR A BUY-BACK OF ITS OWN SHARES AND HAS ALSO HALTED PLANS FOR REDOMICILIATION.  Full Article

Afarak Group gets Request To Delist From Helsinki Stock Exchange
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Afarak Group Plc ::RECEIVED A REQUEST TO PRESENT A PLAN TO DELIST FROM HELSINKI STOCK EXCHANGE.REQUEST FROM KERMAS RESOURCES LTD, REPRESENTING 26.90% OF SHARES AND VOTING RIGHTS,TO CONVENE AN EGM.BOARD OF DIRECTORS OF AFARAK GROUP WILL DISCUSS RECEIVED LETTER OF REQUEST.  Full Article

Afarak Group Q3 EBITDA loss at EUR ‍2.2​ mln
Friday, 17 Nov 2017 

Nov 17 (Reuters) - AFARAK GROUP PLC ::Q3 EBITDA LOSS EUR ‍2.2​ MILLION VERSUS LOSS EUR 2.8 MILLION YEAR AGO.Q3 REVENUE EUR ‍44.2​ MILLION VERSUS EUR 28.9 MILLION YEAR AGO.‍INCREASE IN Q4 BENCHMARK PRICE FOR FERROCHROME IS EXPECTED TO CONTRIBUTE TO AN IMPROVED PERFORMANCE​.  Full Article