LONDON (Alliance News) - AFH Financial Group PLC on Tuesday said it is making a deferred payment of GBP356,819 in cash and issuing GBP356,819 worth of shares for its acquisition of Independent Financial Services (UK) Ltd in May.
The financial planning firm said it is issuing 51,906 new shares and transferring 165,666 existing currently being held by the company in treasury.
Shares in AFH were untraded at 189.0 pence on Tuesday morning.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.


TRADING UPDATES: Young's mulls asset sale; Ceres gets China investment


IN BRIEF: AFH Financial shareholders support takeover by Cortina


IN BRIEF: AFH Financial suitors Flexpoint up takeover bid


IN BRIEF: AFH Financial's Trading Performance Continues To Improve


(Sharecast News) - Wealth management provider AFH Financial Group updated the market on the year ended 31 October on Tuesday, reporting that trading h...


UK TRADING UPDATE SUMMARY: N Brown Financial Services Revenue Falling


UK BROKER RATINGS SUMMARY: Credit Suisse Raises BHP And Rio Tinto


IN BRIEF: AFH Financial Redeems GBP752,000 Of 8% Unsecured Bonds


(Sharecast News) - Johnson Matthey: Liberum downgrades to hold with a target price of 2,100p.


AFH Financial Interim Profit Dips Slightly; Dividend Sharply Reduced


UK BROKER RATINGS SUMMARY: Jefferies Ups StanChart And Cuts HSBC