May 19, 2014 02:00 ET
19 May 2014
AFH Financial Group PLC
("AFH" or the "Company")
ACQUISITION OF OMEGA CONSULTING (NORWICH) LTD
AFH Financial Group plc is pleased to announce the acquisition of the assets of Omega Consulting (Norwich)
Ltd ("Omega"). Today's acquisition marks the Company's second in this calendar year and its eighth since
the implementation of the Retail Distribution Review (RDR) on 1 January 2013.
Omega is based in Norwich with approximately GBP14 million of funds under management and recurring income
of GBP39,000 per annum. The Director and Owner of Omega has taken the decision to leave the industry and
therefore Omega's clients will be serviced by existing AFH advisers after the transaction completes.
The consideration for the acquisition comprises an initial cash payment of GBP28,500; further
consideration, up to a maximum of GBP88,500, may be payable over a 26-month period following the
acquisition based on the performance of Omega during that period.
Commenting on today's acquisition, Alan Hudson, Chief Executive of AFH, said: "We welcome the existing
clients of Omega and look forward to bringing them on board at a pivotal time for the Company as we
progress our move to AIM. "
The directors of AFH Financial Group PLC are responsible for the content of this announcement
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive
Paul Wright, Chief Financial Officer
Peterhouse Corporate Finance Limited 020 7469 0930
Mark Anwyl or Duncan Vasey
Yellow Jersey PR Limited 07768 537 739
Dominic Barretto or Kelsey Traynor
AFH Financial Group Plc
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