AFH Financial Group Plc

August 01, 2012 02:00 ET

Fundraising and Grant of Options

                                                                                                1 August 2012
                                           AFH FINANCIAL GROUP PLC
                                          ("AFH" or the "Company")
                                      Fundraising and Grant of Options

The  Directors of AFH, a leading Independent Financial Advisory ("IFA") firm and PLUS-SX Newcomer of the Year
2012,  are pleased to announce the Company has received firm commitments in a private placing for a total  of
658,500  Ordinary  Shares  of  10 pence each ("Ordinary Shares") at a price of GBP1.00  per  share  to  raise
GBP658,500. The Ordinary Shares will be issued to subscribers on receipt of the cleared funds and  completion
of  SIPP  account  arrangements. The proceeds of the fundraising will be used to provide  additional  working
capital for the Company and to finance potential future acquisitions.

The Company is also pleased to announce that it has granted options to members of staff, IFA's within AFH and
to  Mr  John Wheatley and Mr Toby Denne, both Directors of the Company. The options were granted over a total
of  341,764  Ordinary  Shares, representing approximately 2.42% of the current issued share  capital  of  the
Company.  All  options are exercisable at a price of GBP1.00 per Ordinary Share, with a  three  year  vesting
period  and  are exercisable at any time after the vesting period until the expiry date of 31 July  2022.  Mr
John  Wheatley  and  Mr Toby Denne have both been granted 5,000 options each on the same  terms  as  detailed

A further announcement will be made to the market on completion of the placing.

The Directors of AFH Financial Group PLC are responsible for the content of this announcement

AFH Financial Group PLC                                                                       01527 577 775
Alan Hudson, Chairman and Chief Executive     
St Helens Capital Partners LLP                                                                020 7368 6959
Mark Anwyl or Duncan Vasey                             
Yellow Jersey PR Limited                                                                      07768 537 739
Dominic Barretto or Harry Fielder                                                                          

Contact Information

  • AFH Financial Group Plc