AFHP Afh Financial Group Plc

TIDMAFHP TIDMAFHB

RNS Number : 6089F

AFH Financial Group Plc

19 May 2017

19 May 2017

AFH FINANCIAL GROUP PLC

("AFH" or the "Company")

Issue of shares in respect of Deferred Consideration to CIB Wealth Management LLP

AFH, a leading financial planning led wealth management firm, announces the payment of the final tranche of deferred consideration for the acquisition of the assets of CIB Wealth Management LLP, details of which were originally announced on 2 March 2015.

Earn-out consideration includes 6,375 ordinary shares of 10 pence each ("Deferred Consideration Shares") and has been settled with CIB Wealth Management LLP pursuant to the terms of the acquisition. The value of the Deferred Consideration Shares equates to GBP11,962, based on the average mid-market price of 187.64 pence for the five days ended 5 May 2017.

The Deferred Consideration Shares have been satisfied by the Company through the issue of 6,375 new ordinary shares of 10 pence each in the Company ("New Ordinary Shares") on 19 May 2017.

Application will be made shortly for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission") and it is expected that Admission will become effective on 24 May 2017.

Following the issue of the New Ordinary Shares, the issued share capital of the Company comprises 30,098,190 ordinary shares of 10 pence, each with one voting right. Therefore the total number of ordinary shares and voting rights in the Company is 30,098,190.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

AFH Financial Group PLC 01527 577 775

Alan Hudson, Chief Executive Officer

Paul Wright, Chief Financial Officer

www.afhfinancialgroup.com

Liberum (Nominated Adviser and Broker) 020 3100 2000

John Fishley / Richard Bootle

This information is provided by RNS

The company news service from the London Stock Exchange

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May 19, 2017 02:00 ET (06:00 GMT)

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