21 August 2013
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
GBP 2.8 million Equity and Bond Issue
AFH Financial Group PLC, a leading independent financial advisory ("IFA") and discretionary wealth
management firm, is pleased to announce that the Company has received firm commitments to subscribe for
ordinary shares of 10 pence each in the Company ("Ordinary Shares", the "Equity Issue") and 8% Unsecured
Bonds due 2020 ("Bonds", the "Bond Issue") for an aggregate total amount of GBP 2.8 million.
* Proceeds of the Equity Issue and the Bond Issue will be used to provide additional working capital
for the Company and to finance potential future acquisitions
* Since AFH's June 2011 flotation the Company has completed 14 acquisitions and adviser numbers have
grown from 53 to 120
* The Company paid a maiden dividend in May 2013 and remains debt free
Under the Equity Issue, the Company has received firm commitments to subscribe for a total of 1,900,211
Ordinary Shares at a price of GBP 1.09 per share, to raise GBP 2,071,229.99 (gross of expenses) for the
Company. Of the 1,900,211 Ordinary Shares, 1,242,202 have been issued today and the balance will be issued
to subscribers on receipt of cleared funds and completion of SIPP account arrangements.
The Company has also received firm commitments to subscribe for GBP 752,000 in nominal amount of Bonds.
Application will be made for the Bonds to be admitted to trading on the ISDX Growth Market and admission is
expected to become effective and dealings in the Bonds are expected to commence on 16 September 2013.
The proceeds of the Equity Issue and the Bond Issue will be used to provide additional working capital for
the Company and to finance potential future acquisitions.
Following the issue of the initial 1,242,202 Ordinary Shares in the Equity Issue, the Company's issued
share capital comprises 16,022,576 Ordinary Shares. A further announcement will be made on completion of
the Equity Issue.
Commenting on the fundraising, Alan Hudson, Chairman and Chief Executive of AFH, said:
"Today's fundraising is a strong endorsement of the Company's organic and acquisitive business strategy,
executed against the background of a tight credit market. We are pleased to have received this strong level
of support from the investment community and look forward to moving ahead with our strategy to become a
leader within our field. AFH is well funded, debt free, dividend paying and perfectly positioned."
The Directors of AFH Financial Group PLC are responsible for the contents of this announcement.
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chairman and Chief Executive
Peterhouse Corporate Finance Limited 020 7469 0930
Mark Anwyl or Duncan Vasey
Yellow Jersey PR Limited 07768 537 739
Dominic Barretto or Anna Legge 07747 788 221