Released: July 12, 2019
14:40 London, 16:40 Helsinki, 12 July 2019 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
AFARAK GROUP PLC HAS RESOLVED TO EXTEND THE OFFER PERIOD OF THE TENDER OFFER
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
Stock Exchange Release
The Board of Directors of Afarak has resolved on a two-week extension to the offer period (“Offer Period”) regarding the acquisition of Afarak’s own shares (the “Shares”) in a voluntary public tender offer directed to all shareholders (the “Offer”or the “Tender Offer”).
The Offer Period of the Offer which was currently scheduled to expire on 15 July 2019 at 4:00 pm (Finnish time), will by virtue of the terms and conditions of the Offer be extended to expire on 29 July 2019 at 4:00 pm (Finnish time).
Except for the extension of the Offer Period, the terms and conditions of the Offer remain unchanged. Due to the extension of the Offer Period the dates for, inter alia, the announcement of the preliminary and the final result of the Tender Offer, the settlement of the completion trades and payment of the offer consideration will change accordingly. Such estimated dates will be announced separately in connection with the supplement of the offer document of the Offer (“Offer Document”) regarding, inter alia, the extension of the Offer Period.
Helsinki, July 12, 2019
Afarak Group Plc
Board of Directors
For additional information, please contact:
Guy Konsbruck, CEO, +356 2122 1566, email@example.com
Jean Paul Fabri, PR Manager, +356 2122 1566, firstname.lastname@example.org
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).
London Stock Exchange
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in Afarak Group Plc (the "Shares") anywhere in the world. The final terms and further provisions of the public tender offer (the "Offer") will be disclosed in the offer document approved by the Finnish Financial Supervisory Authority. Holders of the Shares are strongly recommended to read the offer document and all announcements in connection with the Offer as they contain or will contain important information.
The Offer is not being made directly or indirectly, in or into the United States or any other jurisdiction where to do so would constitute a violation of the laws of such jurisdiction. The Offer is not being made by the use of the mails or any other means or instruments of interstate or foreign commerce (inter alia, transmission by fax, telephone or internet) in or into the United States, nor by the use of any facility of a national securities exchange in the United States. Accordingly, the sending or any other distribution of this announcement or any other accompanying document in or into the United States or any other jurisdiction, where to do so would constitute a violation of the laws of such jurisdiction, is prohibited.
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