AFH Financial Group Plc Result of GM (0473H)
July 29 2019 - 6:13AM
UK Regulatory
TIDMAFHP TIDMAFHB
RNS Number : 0473H
AFH Financial Group Plc
29 July 2019
29 July 2019
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
Result of General Meeting
AFH Financial Group plc, a leading financial planning led wealth
management firm, is pleased to announce that the Resolutions put to
Shareholders at the General Meeting of the Company held earlier
today to approve the Placing to raise GBP15 million (before
expenses) through the issue of 4.0 per cent. convertible unsecured
loan stock 2024 ("CULS") were duly passed. It is expected that the
CULS will be admitted to trading on the International Securities
Market and that dealings will commence at 8.00am tomorrow.
Defined terms used in this announcement shall have the meaning
set out in the Circular posted to Shareholders of the Company dated
12 July 2019.
Enquiries:
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
Liberum (Nominated Adviser and Joint
Placing Agent) 020 3100 2000
Richard Bootle / Euan Brown / Kane
Collings
Shore Capital (Joint Placing Agent) 020 7408 4090
Hugh Morgan / Edward Mansfield /
Daniel Bush
Yellow Jersey PR Limited (Financial
PR) 077 4884 3871
Felicity Winkles / Joe Burgess /
Annabel Atkins
Notes to Editors
AFH Financial Group (AIM: AFHP) is leading UK financial
planning-led wealth management firm based in the Midlands. Founded
in 1990 by CEO Alan Hudson, the Company provides wealth management
and financial advisory services to over 20,000 clients in the UK.
These services are delivered by over c.450 professional advisers
and 400 support staff.
The Company has a defined growth strategy focused on increasing
shareholder value through the expansion of the AFH community. This
strategy continues to be driven by a combination of organic growth
through greater productivity of the Company's advisers and by value
accretive acquisitions.
AFH has delivered its fifth consecutive year of growth and
improved profitability since listing on AIM in 2014 and Funds under
Management currently sit at over GBP5Bn.
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
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