Afarak Group SE has announced a significant change in its shareholder structure following a notification it received from Jorma Nieminen on January 19, 2026. The notification, issued in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act, reveals that the combined ownership of Nieminen and his affiliated companies, 4capes Oy and Osuusasunnot Oy, in Afarak’s shares has surpassed the critical 5 percent threshold.
According to the detailed notification, Nieminen’s direct and indirect stake in the company has reached 13,897,071 shares, which equates to 5.02 percent of Afarak’s overall share count and voting rights. This change reflects a new dynamic in the company’s shareholder composition, highlighting Nieminen’s position as a notable stakeholder.
The report provides a comprehensive breakdown of Nieminen’s shareholding. It shows that he directly owns 4,586,400 shares, accounting for 1.66 percent of the total shares, while indirectly, through his companies, he holds 9,310,671 shares, representing an additional 3.36 percent.
In summary, the total reported stake following the crossing of the threshold amounts to 5.02 percent of the company’s total shares and voting rights, which stands at 277,041,814 shares.
The notification also outlines the full chain of control, indicating that Jorma Nieminen is the ultimate controlling person behind this shareholding. This development indicates a strategic repositioning for Nieminen within Afarak Group, adding to the complexity of its shareholder landscape.
Afarak Group, a specialized alloy producer engaged in sustainable growth initiatives, operates a Specialty Alloys business in Southern Europe and a FerroAlloys business in South Africa. It is publicly listed on both NASDAQ Helsinki and the Main Market of the London Stock Exchange, showcasing its international footprint in the metals and alloys sector.
For further inquiries, the company has made contact information for its CEO, Guy Konsbruck, available, indicating a willingness to engage with stakeholders and investors regarding this recent development.
