Intel stock extends gains after report of possible U.S. government stake
HELSINKI - Afarak Group SE (LSE:AFRK, NASDAQ: AFAGR), a manufacturer of specialty metal alloys, held its Annual General Meeting (AGM) in Helsinki on June 3, 2025. The company confirmed the consolidated and parent company financial statements for the year 2024 and granted discharge from liability to the Board of Directors and the CEO for the same period.
The AGM resolved not to distribute dividends for the fiscal year 2024. However, the board was authorized to decide on the distribution of up to €0.005 per share from the accumulated profits or the invested unrestricted equity fund, with this authorization valid until December 31, 2025. Specific decisions regarding the amount and timing of any distribution will be announced separately by the board.
The meeting also approved the remuneration report for the company’s governing bodies. Three members were re-elected or elected to the Board of Directors: Jelena Manojlovic from the United Kingdom (TADAWUL:4280), Thorstein Abrahamsen from Norway, and new member Julien Duniague from Switzerland. Non-executive board members will receive a monthly remuneration of €5,000, with the chairperson receiving an additional €1,500 monthly. Committee members who are not part of the company’s executive team will be paid €1,500 per month for committee work. Executive board members are not eligible for these fees. Board members will be reimbursed for travel, accommodation, and other direct expenses related to board and committee work according to the company’s travel policy.
Tietotili Audit Oy was reappointed as the company’s auditor, with KHT Urpo Salo as the principal auditor. In addition, Tietotili Audit Oy was selected as the verifier for the company’s sustainability reporting, with KRT Urpo Salo serving as the principal sustainability auditor.
Following the AGM, the Board of Directors convened an organizational meeting where Thorstein Abrahamsen was unanimously re-elected as chairman. The composition of the board committees was also confirmed.
The total number of Afarak Group SE shares as of June 3, 2025, is 277,041,814, with the company holding 15,641,514 of its own shares. The minutes of the AGM will be available on the company’s website by June 17, 2025.
This article is based on a press release statement from Afarak Group SE. The company operates in South Europe in the specialty metal business and in South Africa in the ferroalloys business, aiming for stable growth. Afarak’s shares are listed on NASDAQ Helsinki (AFAGR) and the London Stock Exchange (LON:LSEG) (AFRK).
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.