Latest news with #GuyKonsbruck
Yahoo
27-06-2025
- Business
- Yahoo
AFARAK GROUP SELLS ZEERUST MINE ASSETS
07:00 London, 09:00 Helsinki, 27 June 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SELLS ZEERUST MINE ASSETS Stock Exchange Release The Board of Directors of Afarak has approved the arrangement for the sale of Zeerust's Chrome Mine Limited plant, assets and mining right. Zeerust is a South African company which holds the Chrome mine located in the North West province at approximately 35 kilometers east of the Bushveld Complex. The buyer is PLANTCOR MINING AND PLANT HIRE (PTY) LTD, a private company with limited liability, duly registered and incorporated in accordance with the laws of South Africa (the 'Transaction'). The signing of the Transaction has taken place. The total purchase price for the Transaction is ZAR 40 million (around 2 million euro) and will be paid in the next five working days. The transaction will have a positive effect on the Group's financial result in 2025 and will contribute to facilitating working capital management. Helsinki, June 27, 2025 AFARAK GROUP SE Board of Directors For additional information, please contact: Guy Konsbruck, CEO, +356 2122 1566, Financial reports and other investor information are available on the Company's website: 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 HelsinkiLondon Stock ExchangeMain media in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
AFARAK GROUP SE: REDUCTION OF THE SHARE PREMIUM RESERVE
15:45 London, 17:45 Helsinki, 28 May 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SE: REDUCTION OF THE SHARE PREMIUM RESERVE The resolution adopted by Afarak's Extraordinary General Meeting held on 29 January 2025 regarding the reduction of the Company's share premium reserve by EUR 25,223,189.79 has been executed today. Following the reduction, the amount of the share premium reserve recorded in Afarak's balance sheet is zero. The reduced amount has been transferred to the reserve for invested unrestricted equity. The reduction of the share premium reserve had no effect on the number of shares in the Company. IN HELSINKI, ON 28 MAY 2025 AFARAK GROUP SEGuy KonsbruckCEO For additional information, please contact: Guy Konsbruck, CEO, +356 2122 1566, Financial reports and other investor information are available on the Company's website: 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 HelsinkiLondon Stock ExchangeMain media
Yahoo
28-05-2025
- Business
- Yahoo
AFARAK GROUP SE: REDUCTION OF SHARE CAPITAL REGISTERED IN THE FINNISH TRADE REGISTER
15:45 London, 17:45 Helsinki, 28 May 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SE: REDUCTION OF SHARE CAPITAL REGISTERED IN THE FINNISH TRADE REGISTER The resolution adopted by Afarak's Extraordinary General Meeting held on 29 January 2025 regarding the reduction of the Company's share capital by EUR 22,642,049.60 has been registered in the Finnish Trade Register today. The reduced amount has been transferred to the reserve for invested unrestricted equity in accordance with the resolution. Following the registration, the Company's share capital amounts to EUR 1,000,000. The reduction of share capital has no effect on the number of the Company's shares. IN HELSINKI, ON 28 MAY 2025 AFARAK GROUP SEGuy KonsbruckCEO For additional information, please contact: Guy Konsbruck, CEO, +356 2122 1566, Financial reports and other investor information are available on the Company's website: 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 HelsinkiLondon Stock ExchangeMain media in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
AFARAK GROUP SE: REDUCTION OF THE SHARE PREMIUM RESERVE
15:45 London, 17:45 Helsinki, 28 May 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SE: REDUCTION OF THE SHARE PREMIUM RESERVE The resolution adopted by Afarak's Extraordinary General Meeting held on 29 January 2025 regarding the reduction of the Company's share premium reserve by EUR 25,223,189.79 has been executed today. Following the reduction, the amount of the share premium reserve recorded in Afarak's balance sheet is zero. The reduced amount has been transferred to the reserve for invested unrestricted equity. The reduction of the share premium reserve had no effect on the number of shares in the Company. IN HELSINKI, ON 28 MAY 2025 AFARAK GROUP SEGuy KonsbruckCEO For additional information, please contact: Guy Konsbruck, CEO, +356 2122 1566, Financial reports and other investor information are available on the Company's website: 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 HelsinkiLondon Stock ExchangeMain media in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
AFARAK GROUP: PRODUCTION REPORT Q1 2025
10:00 London, 12:00 Helsinki, May 14, 2025 - Afarak Group SE ('Afarak' or 'the Company') (LSE: AFRK, NASDAQ: AFAGR) Production report Q1 2025 Afarak Group production during the first quarter of 2025 was higher by 15.2% when compared to same period of last year. Q1/2025 Q1/2024 Change FY 2024 Speciality Alloys mt 26,961 23,411 15.2% 87,908 Processing mt 7,411 6,901 7.4% 22,963 Mining mt 19,550 16,510 18.4% 64,945 South African mines mt 51,413 70,278 -26.8% 300,985 Mining mt 51,413 70,278 -26.8% 300,985 Processing The processing volumes increased by 7.4% during the first quarter of 2025 when compared to the first quarter of 2024. Mining The South African mining activity dropped by 26.8% when compared to same period of last year. This led to a decrease in the overall group's mining activity during the first quarter. This year, South Africa experienced much more rain than usual. Because of the heavy rainfall, all the mines in the area faced difficulties, and there have been numerous occasions that the plant did not get feed to run and had to put through sub optimal feed materials. The mining activity at the Turkish mines increased significantly by 18.4% over the same period of 2024. The increased mining to support the processing plant in Germany and to take advantage of improved Chrome Ore prices through additional sales. Helsinki, May 14, 2025 AFARAK GROUP SE Board of Directors For additional information, please contact: Afarak Group SE Guy Konsbruck, CEO, +356 2122 1566, Financial reports and other investor information are available on the Company's website: 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 HelsinkiLondon Stock ExchangeMain media Attachment Afarak_Production report_2025_Q1_ENSign in to access your portfolio
