AFH Financial Group Plc ACQUISITION OF THE ASSETS OF EMERY LITTLE (6208B)

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RNS Number : 6208B

AFH Financial Group Plc

24 September 2018

AFH FINANCIAL GROUP PLC

("AFH" or the "Company")

ACQUISITION OF THE ASSETS OF EMERY LITTLE FINANCIAL SERVICES LLP

The Board of AFH, a leading financial planning led wealth management firm, is pleased to announce the completion of the acquisition of the client portfolios of Emery Little Financial Services LLP ("Emery") based in Salisbury, Wiltshire. As a result of the transaction Derek Gibbens will join AFH as an adviser and continue to work with the existing clients of Emery. Brian Little will retire following the acquisition and his clients will be serviced by AFH.

Under the terms of the acquisition, the initial consideration for the acquisition is GBP870,000 in cash, funded from the Company's existing cash resources. Further deferred consideration will be payable in cash over the next 26 months, subject to performance criteria of the assets acquired being achieved, with the maximum purchase price being GBP1.6m.

Commenting, Alan Hudson, Chief Executive of AFH, said:

"Our fourteenth acquisition of the financial year is the client portfolio of an established IFA business in Wiltshire. I wish Brian well in his retirement and am pleased to welcome Derek to AFH. I look forward to further developing the Company's presence in the South and providing Emery's existing clients with the advantages of the AFH proposition".

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 announcement is released by AFH Financial Group plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Paul Wright, Chief Financial Officer.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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September 24, 2018 02:00 ET (06:00 GMT)

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