12 Dec 2018 17:44
12 December 2018
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
Redemption of 7.5% Unsecured Loan Notes 2014 and exercise of attached warrants
The Board of AFH, a leading financial planning led wealth management firm, is pleased to announce £2.14m Unsecured Loan Notes issued in December 2014 matured on 12 December 2018 and were repaid in full.
Under the terms of the Unsecured Loan Notes warrants over 426,400 ordinary shares ("Consideration Shares") were exercised at a price of 200p per Consideration Share.
Application has been made for the admission of the Consideration Shares to trading on AIM. The Consideration Shares will rank pari passu in all respects with the existing ordinary shares of the Company. The Consideration Shares are expected to be admitted to trading on AIM on 14 December 2018.
Following the issue of the Consideration Shares, the issued share capital of the Company will comprise of 42,477,898 ordinary shares of 10 pence, each with one voting right. The above figure may be used by shareholders in the Company 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, the share capital of the Company.
Enquiries:
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
www.afhfinancialgroup.com
Liberum (Nominated Adviser and Broker) 020 3100 2000
John Fishley/Richard Bootle /Euan Brown
This announcement is released by AFH Financial Group plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Paul Wright, Chief Financial Officer.