Consolidator AFH has announced its intention to raise £15m from its latest share issue, at 370p per share, with a view to providing "a strong platform" to finance further acquisitions in the advice market.
In a statement, AFH said it intended to continue to execute its strategy of making selective acquisitions and increasing its "national footprint", while providing "a professional and cost-effective service to its clients". It added: "The company remains well-positioned to take advantage of consolidation opportunities in the IFA market and currently has a strong pipeline of potential acquisitions that are under negotiation and in due diligence." Consolidator AFH ups latest share issue to £17.5m According to AFH, when issued, the new shares will be fully paid and will rank pari passu...
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