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Afarak Group Plc ( (GB:AFRK) ) just unveiled an announcement.
Afarak Group SE held an Extraordinary General Meeting where it was resolved to reduce the company’s share capital from EUR 23,642,049.60 to EUR 1,000,000.00 by transferring funds to the fund for invested unrestricted equity. Additionally, the share premium reserve was reduced by transferring all recorded funds to the same equity fund, without affecting the number of shares or shareholders’ rights. These financial restructuring measures are subject to creditor protection procedures and are overseen by the Board of Directors.
More about Afarak Group Plc
Afarak Group is a specialist alloy producer, focusing on sustainable growth through its Speciality Alloys business in southern Europe and its FerroAlloys business in South Africa. The company is 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 an in-depth examination of AFRK stock, go to TipRanks’ Stock Analysis page.
