AFRK Afarak Group Se

 
TIDMAFAGR 
 
 
   19:15 London, 21:15 Helsinki, 18 September 2020 - Afarak Group Plc 
("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) 
 
   APPROVAL OF AFARAK MOGALE (PTY) LTD BUSINESS RESCUE PLAN 
 
   Stock Exchange Release 
 
   On Wednesday 16 September creditors of Afarak Mogale (Pty) Ltd voted 
unanimously in favour of the adoption of the proposed business rescue 
plan. 
 
   The adopted restructuring plan provides for the disposal of the assets 
of Afarak Mogale (Pty) Ltd and for the proceeds of such disposals to be 
utilised in settlement of the claims of creditors. 
 
   The company and its advisors will now embark on a process to invite 
offers for the assets. 
 
   Helsinki, September 18, 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=wVTh1UZtqzY8i9ICtQBfn0zweiLgDmwqZ74QVUQA5VEZk_q976WfCdAy0MFcvZwcg9ivf4oH-S0xga6mpljh7G9fdW7eHfXjqLtK9acf1GZFl6sojihXlU202S8tuaQu 
 
 
 
 
 
 
   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

September 18, 2020 14:16 ET (18:16 GMT)

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