AFH Financial Group Plc

LSE : AFHP


April 04, 2014 02:00 ET

Subscription to raise GBP 1.62 million

                                                                                               4 April 2014
                                                                                               GB00B4W5WQ08
                                                                                                           
                                          AFH Financial Group PLC
                                         ("AFH" or the "Company")
                                                     
                                  Subscription to raise GBP 1.62 million
                                                     
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  a
total  of 1,157,854 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of  140p
per share (the "Subscription").

The  proceeds of the Subscription, amounting to GBP 1.62 million (before expenses), will be used to provide
additional working capital for the Company and to finance potential future acquisitions.

Of the Ordinary Shares to be issued in the Subscription, 507,855 have been allotted and will be admitted to
trading  on  the  ISDX  Growth Market today, 4 April 2014; the remaining 649,999 Ordinary  Shares  will  be
allotted and admitted to trading on the ISDX Growth Market on 7 April 2014.

Following the issue of the initial 507,855 Ordinary Shares in the Subscription, the Company's issued  share
capital  comprises  17,622,363 Ordinary Shares. The figure of 17,622,363 Ordinary Shares  may  be  used  by
shareholders  in the Company as the denominator for the calculations by which they will determine  if  they
are  required  to  notify their interest in, or a change to their interest in, the  share  capital  of  the
Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

On  completion  of  the  Subscription on 7 April 2014, the Company's issued  share  capital  will  comprise
18,272,362 Ordinary Shares.

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
www.afhfinancialgroup.com

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

Allenby Capital Limited                                                          +44 (0)20 3328 5656
(Nominated Adviser and Broker)
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