AFH extends fundraising drive as investment nears £2m

In a note to the stock exchange, it said investors would now have until 31 January to buy the notes which pay a coupon of 7.5% a year with a redemption date in December 2018. For every £1,000 of notes subscribed for the investors will receive warrants to subscribe, on redemption of the notes, for 200 new ordinary shares in the company at £2 each.  The firm said it will issue 375,000 new shares as a result of the sale of insecure notes. Proceeds from the notes will be used by AFH to fund its growth strategy. It said it intends to continue to buy firms from different locations across ...