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Afarak Group Plc ( (GB:AFRK) ) has provided an update.
Afarak Group SE has executed a resolution to reduce its share premium reserve by EUR 25,223,189.79, transferring the amount to the reserve for invested unrestricted equity. This financial maneuver, which does not affect the number of shares, reflects the company’s strategic financial management and may impact its equity structure, potentially influencing stakeholder perceptions.
More about Afarak Group Plc
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 and the Main Market of the London Stock Exchange.
Learn more about AFRK stock on TipRanks’ Stock Analysis page.