AFH seeks to buy third of former director's shares for £250k

The AIM-listed advisory and discretionary investment group is seeking shareholder approval for the acquisition of 165,666 ordinary shares from Toby Denne for £248,499. Denne stepped down from the AFH board on 1 September "to focus on other business interests", the company announced. It said he remained a "significant shareholder". He had increased his holding as recently as May, when he acquired 20,000 ordinary shares of 10p each, taking his total to more than 454,000, or about 2.27% of the total issued share capital. AFH group CEO Alan Hudson said Denne had been instrumental in th...