6 Mar 2019 07:00
6 March 2019
AFH Financial Group PLC
("AFH" or the "Company")
Treasury Shares
The Board of AFH, a leading financial planning led investment management firm, announces that, on 5 March 2019, it purchased 43,931 ordinary shares of 10p each in the Company (the "Ordinary Shares") into its treasury holdings at a price of 340 pence per Ordinary Share (the "Purchase"). The Purchase was in accordance with the terms of the Company's general authority granted to it by shareholders of the Company at the annual general meeting held on 1 March 2019.
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 42,591,061. The Company retains 43,931 Ordinary Shares in treasury which do not carry any voting rights.
The total number of Ordinary Shares carrying voting rights in AFH is therefore 42,547,130. 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 Guidance and Transparency Rules.
For further information please contact:
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
Liberum (Nominated Adviser and Broker) 020 3100 2000
John Fishley /Richard Bootle /Euan Brown
Yellow Jersey PR Limited (Financial PR) 07748 843 871
Felicity Winkles/Tim Thompson/Annabel Atkins
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.