AFH Financial Group Plc Grant of Options (6109W)

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RNS Number : 6109W

AFH Financial Group Plc

16 November 2017

16 November 2017

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 210,000 options to the Company's Executive Directors and a further 220,000 options to other members of management, all exercisable at 250 pence per Ordinary Share, under the Company's growth share scheme. These are exercisable as to 50% after three years subject to the satisfaction of performance criteria and the remaining 50% after the fifth anniversary of grant.

 
 Name                      Number   Type of            Total number           Per cent. 
                       of Options    grant               of Options          of current 
                          granted                    held following              issued 
                                                              grant    share capital(1) 
-------------------  ------------  --------------  ----------------  ------------------ 
 Alan Hudson 
  (Chief Executive                  Growth 
  Officer)                125,000    Share Scheme           475,000               1.26% 
-------------------  ------------  --------------  ----------------  ------------------ 
 Paul Wright 
  (Chief Financial                  Growth 
  Officer)                 40,000    Share Scheme           382,000               1.02% 
-------------------  ------------  --------------  ----------------  ------------------ 
 Alexis Larvin 
  (Executive                        Growth 
  Director)                25,000    Share Scheme           202,420               0.54% 
-------------------  ------------  --------------  ----------------  ------------------ 
 Austin Broad 
  (Executive                        Growth 
  Director)                20,000    Share Scheme           182,420               0.49% 
-------------------  ------------  --------------  ----------------  ------------------ 
 

(1) Assumes that the new Ordinary Shares issued pursuant to the Placing announced on 15 November 2017 are admitted to trading on AIM

Following the grant of options, and assuming that the new Ordinary Shares placed pursuant to the Placing announced on 15 November 2017 are admitted to trading on AIM, the total number of options outstanding to subscribe for Ordinary Shares in the Company, will be 2,857,000, representing 7.6 per cent. of the Company's issued share capital, of which 1,345,425, representing 3.6 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 
---  -------------------------------------------------------------- 
 a)   Name                            1. Alan Hudson 
                                       2. Paul Wright 
                                       3. Alex 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/      Initial notification 
       Amendment 
---  -------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 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 
---  -------------------------------------------------------------- 
 a)   Description                Ordinary shares of 10 pence 
       of the financial           GB00B4W5WQ08 
       instrument, 
       type of instrument 
       Identification 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of                             1. Grant of Options 
       the transaction                       2. Grant of Options 
                                             3. Grant of Options 
                                             4. Grant of Options 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and                 Exercise    Volume(s) 
       volume(s)                     Price(s) 
                                   ----------  ---------- 
                                    250p        125,000 
                                   ----------  ---------- 
                                    250p        40,000 
                                   ----------  ---------- 
                                    250p        25,000 
                                   ----------  ---------- 
                                    250p        20,000 
                                   ----------  ---------- 
---  -------------------------  ----------------------------------- 
 d)   Aggregated                 N/A 
       information 
 
        *    Aggregated volume 
 
 
 
        *    Price 
---  -------------------------  ----------------------------------- 
 e)   Date of the                15 November 2017 
       transaction 
---  -------------------------  ----------------------------------- 
 f)   Place of the               Outside trading venue - off market 
       transaction 
---  -------------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 16, 2017 02:01 ET (07:01 GMT)