6 Jun 2017 07:00
6 June 2017
AFH Financial Group plc
("AFH" or the "Company")
(AIM: AFHP)
Admission of Consideration Shares
The Board of AFH, a leading financial planning led investment management firm, refers to the announcement of 1 June 2017 in relation to the acquisition of Parker Sage Independent Financial Advisers Limited (the "Acquisition").
Under the terms of the Acquisition, part of the initial consideration comprised £375,000 of ordinary shares based on the average mid-market share price of AFH ordinary shares over the five trading days preceding 31 May 2017, which equated to 196,335 ordinary shares (the "Consideration Shares").
The Company confirms that the Consideration Shares will be admitted to trading tomorrow, 7 June 2017. Following the admission of the Consideration Shares, the issued share capital of the Company will comprise 30,294,525 ordinary shares of 10 pence, each with one voting right.
The total number of Ordinary Shares carrying voting rights in AFH is therefore 30,294,525. This figure will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
For further information please contact:
AFH Financial Group PLC +44 (0)1527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
Liberum Capital Limited +44 (0)20 3100 2000
(Nominated Adviser and Broker)
John Fishley
Richard Bootle