28th Nov 2025 15:47
Aferian PLC - Cambridge, England-based business-to-business video streaming company - Extends payment date of USD16.5 million banking facilities to December 12. The due date was previously extended from September 30 to November 30. Aferian plans to request a further extension to January 30, although there can be no guarantee that any further extension will be agreed. All other terms remains unchanged, as do all terms of the GBP1.13 million loan arranged by Aferian's largest shareholder, Kestrel Partners LLP, due January 31. Regarding the formal sales process launched in September, Aferian says there is no guarantee that any sale agreements will be completed. It also continues to explore the potential sale of one or more of its subsidiaries. A trading update will be provided in December 2025. Aferian says cash flow and working capital continue to be carefully managed within its facilities. Read More
