AFRK Afarak Group Se

 
TIDMAFAGR 
 
 
   07:15 London, 09:15 Helsinki, 26 January 2021 - Afarak Group Plc 
("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) 
 
   HELSINKI ADMINISTRATIVE COURT DID NOT AMEND THE FIN-FSA DECISION 
 
   Stock Exchange Release 
 
   Helsinki Administrative Court issued today its decision concerning 
Afarak's appeal related to FIN-FSA's decision on penalty payment imposed 
to Afarak. 
 
   Helsinki Administrative Court did not amend the FIN-FSA decision. 
 
   On 24 September 2019, Afarak released information that FIN-FSA imposed 
penalty payment of EUR 1 450 000 to Afarak for failures relating to 
disclosure of inside information and maintenance of insider lists. 
 
   The decision of the Helsinki Administrative Court is not yet legally 
binding. The company has the right to appeal the decision issued on 26 
January.2021 to the Supreme Administrative Court within 30 days of 
receipt of notice of the decision, provided that the Supreme 
Administrative Court grants a permission to appeal. 
 
   The board of directors will study the Helsinki Administrative Court's 
decision carefully and reflect about the appropriate legal actions. The 
Company will update the market in due course about its next steps. 
 
   Helsinki, January 26, 2021 
 
   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=x1xPYw-MBAwR-7jRgksJbR3RSPt_jJwFD6IH9MXxTrJ0-lq6FN7k0FaofNvGGPUbNuJ50jwQIJcF77pZZbYwpHSJmoOXsXg4EpdwyJ5U_j-yEmBwy8WtR_WXWcO6ho6_ 
 
 
   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

January 26, 2021 02:19 ET (07:19 GMT)

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