Liberum acts as Nomad and Joint Placing Agent on AFH’s £15m Placing of CULS

Liberum is pleased to announce that it acted as Nominated Adviser and Joint Placing Agent on AFH Financial’s £15 million placing of 4% convertible unsecured loan stock 2024 (“CULS”).

Afh Logo

The Company intends to use the proceeds to execute on its acquisition pipeline and for general corporate purposes. AFH currently has a strong pipeline of potential acquisitions under consideration and due diligence.

The Company’s board believes the CULS issue will provide long-term structural gearing at a fixed cost that is competitive with the cost of other forms of gearing that the Company might have employed.

The CULS, which required the publication of Admission Particulars by AFH, were admitted to trading on the International Securities Market of the London Stock Exchange on 30 July 2019.

AFH is the leading UK financial planning-led wealth management firm based in the Midlands. Founded in 1990 by CEO Alan Hudson, the Company provides wealth management and financial advisory services to over 20,000 clients in the UK.

Liberum Team
Investment Banking – Richard Bootle, John Fishley, Euan Brown, Kane Collings

Sales – Steve Keeling, Anastasia Mikhailova, Andrew Davies

Corporate and Investor Relations – Natalie Clarke

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