AFH Financial Group Plc Notice to CULS holders (7994T)
2021年11月29日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMAFHC TIDMAFHB
RNS Number : 7994T
AFH Financial Group Plc
29 November 2021
29 November 2021
AFH Financial Group Limited
("AFH" or the "Company")
(AIM: AFHP)
GBP15,000,000 4 per cent. Convertible Unsecured Loan Stock 2024
(the "CULS")
Notice to CULS holders
Reminder to CULS Holders of Conversion Rights
The Company reminds holders of the CULS (the "CULS Holders") of
their right to convert the whole or such part (being an integral
multiple of GBP5,000 nominal) of his or her CULS as he or she may
specify into fully paid Ordinary Shares of the Company (the
"Conversion Rights") at any time during the period of 28 days
ending 31 December 2021 provided that the documents or
notifications required are received by the Company's Registrars by
1.00 p.m. on 31December 2021.
This announcement is issued by way of a reminder only and is not
to be read as a recommendation to CULS Holders to exercise their
Conversion Rights. You are not obliged to exercise your right to
convert and if you do not convert on this occasion you will have
further opportunities to do so in March, June, September and
December each year up to 30 June 2024. Notices will be issued via a
Regulatory Information Service reminding CULS Holders of their
Conversion Rights.
Basis of Conversion
The number of Ordinary Shares to be issued by the Company on
exercise of a Conversion Right shall be determined by dividing the
nominal amount of the Original CULS to be converted by the
conversion price in effect on the relevant Conversion Date
("Conversion Price"). The Conversion Price is 420 pence per
Ordinary Share.
CULS Holders wishing to exercise their Conversion Rights in
certificated form shall do so by completing the Conversion Notice
on the reverse of the CULS certificate and returning this to
Corporate Actions Team, Equiniti Limited, Aspect House, Spencer
Road, Lancing, West Sussex, BN99 6DA or CULS Holders wishing to
exercise their Conversion Rights in uncertificated form should
arrange a TTE instruction in the CREST system (CREST Participant ID
2RA62 ; Member ID RA345008). CREST members and CREST sponsors (on
behalf of CREST sponsored members) should note that Euroclear UK
& Ireland Limited does not make special procedures in CREST for
any particular corporate action. Normal system timings and
limitations will therefore apply in relation to input of a TTE
instruction and its settlement. It is the responsibility of the
CREST CULS Holders concerned to take (or, if the CREST CULS Holder
is a CREST sponsored member, procure that his CREST sponsor takes)
the action necessary to ensure that a valid acceptance is received
by 1.00 p.m. on 31 December 2021. CREST CULS Holders and (where
applicable) CREST sponsors are referred in particular to those
sections of the CREST manual concerning practical limitations of
the CREST system and timings.
For each unit of GBP5,000 CULS converted, a holder would receive
1,190.47619 Ordinary Shares (with fractional entitlements being
rounded down).
Settlement
Any Ordinary Shares issued on the exercise of a Conversion Right
shall be immediately acquired by Cortina Bidco Limited pursuant to
article 67 of the Company's articles of association and will be
entitled to receive a cheque withing fourteen days of the exercise
of the Conversion Right for the settlement of the consideration
applicable to the transfer, being 480 pence per Ordinary Share.
All terms capitalised in this announcement but not defined have
the same meaning as given to them in the Admission Particulars
dated 12 July 2019 which is available on the Company's website at
https://www.afhwm.co.uk/investor-relations/publications/ .
For further information please contact:
AFH Financial Group Limited 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
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END
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November 29, 2021 02:00 ET (07:00 GMT)
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