AFARAK GROUP: (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 OF THE FINNISH SECURITIES MARKETS ACT
March 17 2017 - 6:00AM
10:00 London, 12:00
Helsinki, 17 March 2017 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)
FLAGGING
NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 OF THE FINNISH
SECURITIES MARKETS ACT
Afarak Group Plc ("Afarak" or the
"Company") (LSE: AFRK, OMX: AFAGR) has received a flagging
notification in accordance with Chapter 9, Section 5 of the Finnish
Securities Markets Act from shareholders Joensuun Kauppa ja Kone Oy
and Esa Hukkanen (the "shareholders").
In accordance with the flagging
notification, the shareholders have agreed to use their voting
rights togetherin Afarak Group Plc and their agreement has resulted
in them having their shareholding to be above 5% becoming a 6.05%
per cent holder of the shares and voting rights in
Afarak.
1. Name of the
target company
Afarak Group Plc
2. Basis for the
flagging obligation
An agreement between two shareholders to use voting rights together
in the issuer company
3. Date of
agreement
14 March 2017
4. The holding of
the shareholders in Afarak is the following:
| Name of shareholder |
Number of shares |
% shares |
Number of voting rights |
% voting rights |
| Joensuun Kauppa |
12322240 |
4.68 |
12322240 |
4.68 |
| Esa Hukkanen |
3602905 |
1.37 |
3602905 |
1.37 |
5. Name and
addresses of the shareholders
Joensuun Kauppa
Raatekankaantie 4,
80100 Joensuu
Finalnd |
Esa Hukkanen
Kansankatu 46 A 21, 90100 Oulu
Finland |
AFARAK GROUP PLC
Guy Konsbruck
CEO
FLAGGING NOTIFICATION EN
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
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