Intention to appoint Administrators

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.

AFERIAN PLC

("Aferian", the "Company" and with its subsidiaries the "Group")

Intention to appoint Administrators

Further to the announcement made earlier today, the Company has filed a notice of intention to appoint David Hudson and Philip Armstrong of FRP Advisory Trading Limited as joint administrators of the Company (the "Joint Administrators"). The Board is taking this action to protect the interests of Aferian plc's creditors.

This announcement relates solely to the intention to appoint administrators in respect of the parent company, Aferian plc, and not in respect of any of the trading subsidiaries within the Group, which will continue to trade under the control of their directors.

The person responsible for arranging this announcement on behalf of the Company is Mark Carlisle, Chief Executive Officer.

For further information please contact: 

About Aferian plc

Aferian plc (AIM: AFRN) is a B2B video streaming solutions company. Our end-to-end solutions bring live and on-demand video to every kind of screen. We create the forward-thinking solutions that our customers need to drive subscriber engagement, audience satisfaction, and revenue growth.

It is our belief that successful media companies and services will be those that are most consumer-centric, data driven and flexible to change. We focus on innovating technologies that enable our customers to stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering end-to-end modern TV and video experiences to consumers. By anticipating technological and behavioural audience trends, our software solutions empower our customers to heighten viewer enjoyment, drive growth in audience share and ultimately their profitability.

Aferian plc has two operating divisions: 24i, which focusses on streaming video experiences, and Amino, which connects Pay TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.

Aferian plc is traded on the London Stock Exchange's AIM stock market (AIM: symbol AFRN) and is headquartered in Cambridge, UK.

For more information, please visit www.aferian.com