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BRIEF-AFH Financial announces proposed placing to raise 15.0 mln pounds
November 15, 2017 / 7:36 AM / 7 days ago

BRIEF-AFH Financial announces proposed placing to raise 15.0 mln pounds

Nov 15 (Reuters) - AFH FINANCIAL GROUP PLC:

* TO RAISE GROSS PROCEEDS OF £15.0 MILLION THROUGH PLACING BY WAY OF ACCELERATED BOOKBUILD OF NEW SHARES ​

* PLACING AT A PRICE OF 250 PENCE PER NEW ORDINARY SHARE

* ‍NET PROCEEDS OF PLACING TO BE USED TO EXECUTE COMPANY‘S ACQUISITION PIPELINE AND FOR WORKING CAPITAL PURPOSES​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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