19th Nov 2019 11:34
19 November 2019
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
Grant of Options
The Board of AFH, a leading financial planning led investment management firm, announces that it has granted 270,000 options to the Company's Executive Directors and a further 210,000 options to other members of management, exercisable at 301 pence per Ordinary Share, under the Company's growth share and CSOP schemes. These are exercisable after three years subject to the satisfaction of performance criteria.
Name | Number of Options granted | Type of grant | Total number of Options held following grant | Per cent. of current issued share capital |
Alan Hudson (Chief Executive Officer) | 150,000 | Growth Share Scheme | 775,000 | 1.81% |
Paul Wright (Chief Financial Officer) | 50,000 | Growth Share Scheme | 482,000 | 1.13% |
Alexis Larvin (Executive Director) | 35,000 | Growth Share Scheme | 272,420
| 0.64% |
Austin Broad (Executive Director) | 35,000 | Growth Share Scheme | 252,420 | 0.59% |
Following the grant of options, the total number of options outstanding to subscribe for Ordinary Shares in the Company, will be 3,980,626, representing 9.3 per cent. of the Company's issued share capital, of which 1,885,425, representing 4.41 per cent. of the Company's issued share capital, are held by existing directors of AFH.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated
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a) | Name
| 1. Alan Hudson 2. Paul Wright 3. Alexis Larvin 4. Austin Broad | ||||||||||
2 | Reason for the notification | |||||||||||
a) | Position/status
| 1. Chief Executive Officer 2. Chief Financial Officer 3. Executive Director 4. Executive Director
| ||||||||||
b) | Initial notification/ Amendment
| Initial notification | ||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) | Name
| AFH Financial Group plc | ||||||||||
b) | LEI
| 213800MVLNB5CWDY8X63 | ||||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 10 pence
GB00B4W5WQ08
| ||||||||||
b) | Nature of the transaction
| 1. Grant of Options 2. Grant of Options 3. Grant of Options 4. Grant of Options
| ||||||||||
c) | Price(s) and volume(s)
|
| ||||||||||
d) | Aggregated information
- Aggregated volume
- Price
| N/A
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e) | Date of the transaction
| 19 November 2019 | ||||||||||
f) | Place of the transaction
| Outside trading venue - off market | ||||||||||
Enquiries: | |
AFH Financial Group PLC Alan Hudson, Chief Executive Officer Paul Wright, Chief Financial Officer www.afhfinancialgroup.com | +44 (0)1527 577 775 |
Liberum (Nominated Adviser and Broker) John Fishley/Richard Bootle/Euan Brown | +44 (0)20 3100 2000 |
Shore Capital (Joint Broker) Hugh Morgan / Edward Mansfield / Daniel Bush
| +44 (0)20 7408 4090 |
Yellow Jersey PR (Financial PR) Joe Burgess / Georgia Colkin / Annabel Atkins | +44 (0) 20 3004 9512 |
Related Shares:
AFHP.L