AFH Financial Group Plc Redemption of Loan Notes and Exercise of Warrants (3153K)

TIDMAFHP TIDMAFHB

RNS Number : 3153K

AFH Financial Group Plc

12 December 2018

AFH FINANCIAL GROUP PLC

("AFH" or the "Company")

Redemption of 7.5% Unsecured Loan Notes 2014 and exercise of attached warrants

The Board of AFH, a leading financial planning led wealth management firm, is pleased to announce GBP2.14m Unsecured Loan Notes issued in December 2014 matured on 12 December 2018 and were repaid in full.

Under the terms of the Unsecured Loan Notes warrants over 426,400 ordinary shares ("Consideration Shares") were exercised at a price of 200p per Consideration Share.

Application has been made for the admission of the Consideration Shares to trading on AIM. The Consideration Shares will rank pari passu in all respects with the existing ordinary shares of the Company. The Consideration Shares are expected to be admitted to trading on AIM on 14 December 2018.

Following the issue of the Consideration Shares, the issued share capital of the Company will comprise of 42,477,898 ordinary shares of 10 pence, each with one voting right. 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.

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 /Euan Brown

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.

END

MSCBRBDDDSBBGID

(END) Dow Jones Newswires

December 12, 2018 12:45 ET (17:45 GMT)

Afh Financial (LSE:AFHP)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024