AFH Financial Group Plc Director/PDMR Shareholding (7851M)

TIDMAFHP TIDMAFHB

RNS Number : 7851M

AFH Financial Group Plc

25 January 2021

AFH Financial Group PLC

("AFH" or the "Company")

Director/PDMR Dealing

AFH Financial Group PLC, a leading financial planning led wealth management firm, announces that further to Cortina Bidco Limited's announcement earlier today, the Company has been notified that Alan Hudson, Chief Executive Officer, has today entered into an agreement to sell 4,294,065 ordinary shares, representing approximately 9.99 per cent. of AFH's issued ordinary share capital to Cortina Bidco Limited.

Completion of this transaction will occur at the earlier of: (i) immediately following the issue of the Scheme Court Order; or (ii) the Long Stop Date, whichever is the earlier. If the Scheme Court Order has not been issued on or before the Long Stop Date, Cortina Bidco Limited will have the right, but is not obliged, to rescind the agreement to purchase these shares.

Capitalised terms not otherwise defined have the meanings given to them in Cortina Bidco Limited's announcement confirming its recommended cash offer for the Company which was made earlier today.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                       Alan Hudson 
     ------------------------------  --------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                            Chief Executive Officer 
     ------------------------------  --------------------------------------- 
 b)   Initial notification/           Initial notification 
       Amendment 
     ------------------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                            AFH Financial Group plc 
     ------------------------------  --------------------------------------- 
 b)   LEI                             213800MVLNB5CWDY8X63 
     ------------------------------  --------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv) each place where transactions have been 
       conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the              Ordinary shares of 10 pence 
       financial instrument, 
       type of instrument              GB00B4W5WQ08 
       Identification 
       code 
     ------------------------------  --------------------------------------- 
 b)   Nature of the transaction       Sale of ordinary shares 
     ------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                         463p       4,294,065 
                                                   ---------- 
     ------------------------------  --------------------------------------- 
 d)   Aggregated information          N/A - single transaction 
       - Aggregated volume 
       - Price 
     ------------------------------  --------------------------------------- 
 e)   Date of the transaction         25 January 2021 
     ------------------------------  --------------------------------------- 
 f)   Place of the transaction        Off market transaction 
     ------------------------------  ---------------------------------------

For further information, please contact:

 
 AFH Financial Group PLC 
  Alan Hudson, Chief Executive Officer 
  Paul Wright, Chief Financial Officer          01527 577 775 
 Shore Capital (Nominated Adviser and 
  Broker) 
  Corporate Advisory: Hugh Morgan / Daniel 
  Bush / Sarah Mather 
  Corporate Broking: Henry Willcocks            0207 408 4090 
 Keefe, Bruyette & Woods (acting through 
  Stifel Nicolaus Europe Limited) (Sole 
  Financial Adviser to AFH) 
  Alistair McKay, Alex Price, Dennis Towers, 
  Tiber Karadag                                 020 7710 7600 
 Yellow Jersey PR Limited (Financial PR) 
  Joe Burgess / Georgia Colkin / Annabel 
  Atkins                                        0776 93 25 254

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHSESFFIEFSEIF

(END) Dow Jones Newswires

January 25, 2021 06:50 ET (11:50 GMT)

Afh Financial (LSE:AFHP)
過去株価チャート
から 6 2024 まで 7 2024