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


LONDON (Alliance News) - AFH Financial Group PLC on Monday said its interim profit increased significantly as it saw customer volume growth.The wealth...


LONDON (Alliance News) - Wealth management firm AFH Financial Group PLC said on Monday it completed the purchase of the client portfolios of Meritor f...


LONDON (Alliance News) - Wealth management firm AFH Financial Group PLC said Monday Polar Capital LLP has raised its stake in the company to 8.1%.AFH ...


(ShareCast News) - AIM-listed wealth management company AFH Financial Group has bought independent financial advisory firms, Shield Direct and Aberdee...


(ShareCast News) - Financial planning-led wealth management firm AFH Financial has agreed the acquisition of the assets of David Rushton Associates, a...