Consolidator AFH has confirmed the completion of today's fund-raising, which saw the company hit its £15m target through the issue of 4,054,055 new ordinary shares at 370p each.
The oversubscribed issue, the proceeds of which will be used to finance the company's acquisition pipeline, follows a previous share issue in November 2017, which raised £16.8m net. In a statement, AFH said it would apply to the London Stock Exchange for the admission of the new shares to trading on AIM, with dealings expected to commence at 8am on 19 October 2018. Following admission, the company will have a total of 41,982,311 ordinary shares of 10p each in issue. AFH chief executive Alan Hudson (pictured) said: "That we have yet again raised such a significant amount is a clear sig...
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