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29 Aug 2014 13:00
29 August 2014
AFH Financial Group plc
("AFH or the "Company")
(AIM: AFHP)
Directors' Dealings
AFH, a leading financial planning led wealth management firm, announces that, on 28 August 2014 and 29 August 2014, the Company's Chief Executive Officer Alan Hudson sold a total of 206,666 ordinary shares of 10 pence each in the Company ("Ordinary Shares") in off-market transactions at a price of 150 pence per Ordinary Share to satisfy demand (the "Transaction"). These Ordinary Shares have been acquired by the Chief Investment Officer Toby Denne and an independent financial adviser that works exclusively for AFH on a self-employed basis.
The revised interests of the directors who acquired or disposed of Ordinary Shares pursuant to the Transaction are as follows:
Director | Number of Ordinary Shares held before the Transaction | Percentage of issued share capital in the Company held before the Transaction | Number of Ordinary Shares disposed of or acquired | Number of Ordinary Shares held following the Transaction | Percentage of issued share capital in the Company held following the Transaction
|
Alan Hudson (Chief Executive Officer)
| 7,782,366 | 40.29% | 206,666 | 7,575,700 | 39.22% |
Toby Denne (Chief Investment Officer)
| 267,745 | 1.39% | 166,666 | 434,411 | 2.25% |
Allenby Capital Limited, the Company's nominated adviser and broker, and the Company have agreed to waive Alan Hudson's obligations under the lock-in deed entered into at the time of the Group's IPO in June 2014 only in respect of the 206,666 Ordinary Shares that Alan Hudson has sold.
For further information please contact:
AFH Financial Group PLC +44 (0)1527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
Allenby Capital Limited +44 (0)20 3328 5656
(Nominated Adviser and Broker)
Nick Naylor
Chris Crawford
Nick Athanas
Yellow Jersey PR Limited +44 (0)7799 003 220
(Financial PR)
Dominic Barretto
Kelsey Traynor
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