29 Jul 2019 11:13
29 July 2019
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
Result of General Meeting
AFH Financial Group plc, a leading financial planning led wealth management firm, is pleased to announce that the Resolutions put to Shareholders at the General Meeting of the Company held earlier today to approve the Placing to raise £15 million (before expenses) through the issue of 4.0 per cent. convertible unsecured loan stock 2024 ("CULS") were duly passed. It is expected that the CULS will be admitted to trading on the International Securities Market and that dealings will commence at 8.00am tomorrow.
Defined terms used in this announcement shall have the meaning set out in the Circular posted to Shareholders of the Company dated 12 July 2019.
Enquiries:
AFH Financial Group PLC | 01527 577 775 |
Alan Hudson, Chief Executive Officer |
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Paul Wright, Chief Financial Officer |
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Liberum (Nominated Adviser and Joint Placing Agent) | 020 3100 2000 |
Richard Bootle / Euan Brown / Kane Collings |
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Shore Capital (Joint Placing Agent) | 020 7408 4090 |
Hugh Morgan / Edward Mansfield / Daniel Bush |
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Yellow Jersey PR Limited (Financial PR) | 077 4884 3871 |
Felicity Winkles / Joe Burgess / Annabel Atkins |
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Notes to Editors
AFH Financial Group (AIM: AFHP) is leading UK financial planning-led wealth management firm based in the Midlands. Founded in 1990 by CEO Alan Hudson, the Company provides wealth management and financial advisory services to over 20,000 clients in the UK. These services are delivered by over c.450 professional advisers and 400 support staff.
The Company has a defined growth strategy focused on increasing shareholder value through the expansion of the AFH community. This strategy continues to be driven by a combination of organic growth through greater productivity of the Company's advisers and by value accretive acquisitions.
AFH has delivered its fifth consecutive year of growth and improved profitability since listing on AIM in 2014 and Funds under Management currently sit at over £5Bn.