AFH Financial Group Plc

February 19, 2014 02:00 ET

Proposed admission to AIM

                                                                                           19 February 2014
                                          AFH Financial Group PLC
                                         ("AFH" or the "Company")
                                         Proposed admission to AIM
                  Appointment of Allenby Capital Limited as Nominated Adviser and Broker

                                             Notice of Results

The Directors of AFH (ISDX:AFHP), a leading Independent Financial Advisory ("IFA") and discretionary wealth
management firm, are pleased to announce their intention to apply for admission of the ordinary  shares  of
the Company to trading on the AIM market of the London Stock Exchange plc ("AIM") in Q2 2014.

Proposed admission to AIM

The Company intends to seek the admission of its ordinary shares to trading on AIM in the near future ("AIM
Admission")  and  to withdraw its ordinary shares from trading on the ISDX Growth Market ("ISDX")  at  that
time.   It  has always been the Company's intention to move to AIM at an appropriate time and the Directors
believe  that the Company has made sufficient progress whilst on ISDX such that the move to AIM  is  now  a
logical  next step.  The Directors believe that admission to AIM will assist the Company in attracting  new
investors,  improving liquidity in its shares and raising additional capital when required.  The  Directors
also  believe  that admission to AIM will further enhance the profile of the Company and  help  to  attract
future acquisition opportunities as the Company seeks to expand.

Preparation  for the move to AIM is underway albeit this remains at a relatively early stage. An  admission
document  in relation to the AIM Admission will be published in due course and a further announcement  will
be made at the time.

The  GBP752,000  8%  unsecured bonds due 2020, which trade on ISDX under ticker symbol AFHB,  would  remain
listed on ISDX notwithstanding any withdrawal of the ordinary shares of the Company from trading on ISDX at
the time of an AIM Admission.

Appointment of Allenby Capital Limited as Nominated Adviser and Broker

The  Directors are pleased to announce the appointment of Allenby Capital Limited as nominated adviser  and
broker  to  the  Company in connection with its proposed AIM Admission. Peterhouse Corporate  Finance  will
remain as ISDX corporate adviser.

Results for the year ended 31 October 2013

The Company intends to release its results for the year ended 31 October 2013 on 31 March 2014. The Company
will provide an update on the move to AIM at the time of the release of these results.

Alan  Hudson, CEO of AFH, commented: "We believe that given the fundamentals of the business and the nature
of  the  IFA market, the time has come for a move to AIM. The increased profile will assist the Company  in
its aim to expand through strategic acquisitions and organic growth."

The Directors of the Company accept responsibility for this announcement.

For further information please contact:

AFH Financial Group Plc                                  +44 (0)1527 577 775
Alan Hudson, Chief Executive
Paul Wright, Chief Financial Officer

Peterhouse Corporate Finance Limited                     +44 (0)20 7469 0930
(ISDX Corporate Adviser)
Mark Anwyl
Duncan Vasey

Allenby Capital Limited                                  +44 (0)20 3328 5656
Nick Naylor
Chris Crawford
Nick Athanas

Yellow Jersey PR Limited                                 +44 (0)7799 003 220
(Financial PR)
Dominic Barretto
Kelsey Traynor

Contact Information

  • AFH Financial Group Plc