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The latest announcement is out from Afarak Group Plc ( (GB:AFRK) ).
Afarak Group SE announced decisions from its extraordinary general meeting held in Helsinki on January 29, 2025. The company plans to reduce its share capital by transferring €22,642,049.60 to its unrestricted equity reserve, leaving a new share capital of €1,000,000. Additionally, Afarak will lower its share premium reserve by transferring €25,223,189.79 to the same equity reserve. These actions require completion of creditor protection procedures under company law and are intended to streamline the company’s capital structure.
More about Afarak Group Plc
Afarak Group is a manufacturer of specialty alloys, aiming for stable growth. The company operates its specialty alloys business in Southern Europe and its ferroalloys business in South Africa. Afarak’s shares are listed on NASDAQ Helsinki and the London Stock Exchange.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £81.78M
For detailed information about AFRK stock, go to TipRanks’ Stock Analysis page.
