26 Apr 2016 12:07
26 April 2016
AFH Financial Group PLC
("AFH", or the "Company")
Share Buy-Back
AFH, a leading financial planning led wealth management firm, announces that, on 25 April 2016, it bought back 42,736 ordinary shares of 10p each in the Company (the "Ordinary Shares") at a price of 158.5 pence per Ordinary Share (the "Purchase"). The Purchase was in accordance with the terms of the Company's general authority to make market purchases of its own shares, granted to it by shareholders of the Company at the annual general meeting held on 3 March 2016. The Ordinary Shares will be held in treasury.
The Company intends to use any shares acquired pursuant to the share buyback authority to satisfy part of the share component of the Company's deferred consideration obligations.
The Company advises that, following the Purchase, the Company's issued ordinary share capital remains unchanged and the total number of ordinary shares of 10 pence each in issue is 24,091,284. Following the Purchase the Company holds 42,736 Ordinary Shares in treasury which do not carry any voting rights.
The total number of Ordinary Shares carrying voting rights in AFH is therefore 24,048,548. 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 can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries:
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
www.afhfinancialgroup.com
Allenby Capital Limited 020 3328 5656
Nick Naylor / Nick Athanas (Nominated Adviser and Broker)
Chris Crawford (Corporate Broking)