Consolidator AFH Financial Group has revealed it is seeking to raise up to £20m through a conditional placing of convertible unsecured loan stock with a view to funding further acquisitions.
The company said the placing of 4.0% convertible unsecured loan stock 2024 was subject to shareholder approval at a general meeting of the company, which would be held on 29 July. Liberum Capital and Shore Capital Stockbrokers have been appointed as joint placing agents in connection with the placing. AFH said it currently had "a strong pipeline of potential acquisitions under consideration and due diligence". A market update from the company also revealed the firm has five potential acquisitions in the pipeline that are at various stages of the due-diligence process. In January, AFH ...
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