AFH acquisition plans boosted by £650k share issue

Directors of the firm said they had received firm commitments for a total of 658,500 ordinary shares. An announcement to the PLUS stock exchange said: "The proceeds of the fundraising will be used to provide additional working capital for the company and to finance potential future acquisitions." Options have been granted to members of staff, IFAs within AFH and directors John Wheatley and Toby Denne. Interim results from firm, released yesterday, showed its revenues were up 20% compare to last year at just over £3m.