AFH Financial Group Plc Issue of Deferred Consideration (4739H)
2015年12月1日 - 4:01PM
RNSを含む英国規制内ニュース (英語)
TIDMAFHP
RNS Number : 4739H
AFH Financial Group Plc
01 December 2015
1 December 2015
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
Issue of Deferred Consideration
The Board of AFH, a leading financial planning led investment
management firm, is pleased to announce details of the first
tranche of deferred consideration for the acquisition of
Independent Financial Services (U.K.) Limited ("IFS"), details of
which were originally announced on 1 May 2015.
Earn-out consideration comprising a cash payment of GBP356,819
and the issue of 217,572 new ordinary shares of 10 pence each
("Deferred Consideration Shares") has been settled with the vendors
of IFS pursuant to the terms of the acquisition. The Deferred
Consideration Shares were issued on 30 November 2015. The value of
the Deferred Consideration Shares equates to GBP356,819 based on
the average mid-market price of 164 pence on the five days ended 31
October 2015.
The issue of the Deferred Consideration Shares has been
satisfied by the Company through the issue of 51,906 new ordinary
shares of 10 pence each in the Company ("New Ordinary Shares") and
the transfer to the vendors of IFS of 165,666 existing ordinary
shares of 10 pence currently being held by the Company in treasury.
These shares had been held in treasury by the Company following the
approval by shareholders of the Company of the purchase of 165,666
ordinary shares from Toby Denne, a former director of the Company,
as announced on 22 September 2015.
Application will be made shortly for the New Ordinary Shares to
be admitted to trading on the AIM market of the London Stock
Exchange ("Admission") and it is expected that Admission will
become effective on 7 December 2015.
Following the issue of the New Ordinary Shares, the issued share
capital of the Company comprises 20,172,376 ordinary shares of 10
pence, each with one voting right. The Company does not hold any
ordinary shares in treasury. Therefore the total number of ordinary
shares and voting rights in the Company is 20,172,376.
The above figure 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 change to
their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Enquiries:
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
www.afhfinancialgroup.com
Allenby Capital Limited 020 3328 5656
(Nominated Adviser and Broker)
Nick Naylor
Chris Crawford
Nick Athanas
Yellow Jersey PR Limited 07768 537 739
Dominic Barretto
Aidan Stanley
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 01, 2015 02:01 ET (07:01 GMT)
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