Aferian PLC - Cambridge, England-based business-to-business video streaming solutions company - Secures additional cash funding through a loan facility of up to GBP3.3 million from its largest shareholder, Kestrel Partners LLP. Chief Executive Donald McGarva says: "This additional cash funding puts the group in a stronger financial position and gives us adequate headroom over our covenants. The board remains confident in the long-term prospects of the group." Current trading remains "broadly" in line with the trading and outlook last reported in its full-year results on May 16.
Current stock price: 17.00 pence
12-month change: down 87%
By Heather Rydings, Alliance News senior economics reporter
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Aferian (AFRN)