AFH Financial Group Plc Notice to CULS holders (8360G)
30 Novembre 2020 - 8:00AM
UK Regulatory
TIDMAFHP TIDMAFHB
RNS Number : 8360G
AFH Financial Group Plc
30 November 2020
30 November 2020
AFH Financial Group plc
("AFH" or the "Company")
(AIM: AFHP)
GBP15,000,000 4 per cent. Convertible Unsecured Loan Stock 2024
(the "CULS")
Notice to CULS holders
Reminder to CULS Holders of Conversion Rights
The Company reminds holders of the CULS (the "CULS Holders") of
their right to convert the whole or such part (being an integral
multiple of GBP5,000 nominal) of his or her CULS as he or she may
specify into fully paid Ordinary Shares of the Company (the
"Conversion Rights") at any time during the period of 28 days
ending 31 December 2020 provided that the documents or
notifications required are received by the Company's Registrars by
1.00 p.m. on 31 December 2020.
This announcement is issued by way of a reminder only and is not
to be read as a recommendation to CULS Holders to exercise their
Conversion Rights. You are not obliged to exercise your right to
convert and if you do not convert on this occasion you will have
further opportunities to do so in March, June, September and
December each year up to 30 June 2024. Notices will be issued via a
Regulatory Information Service reminding CULS Holders of their
Conversion Rights.
Basis of Conversion
The number of Ordinary Shares to be issued by the Company on
exercise of a Conversion Right shall be determined by dividing the
nominal amount of the Original CULS to be converted by the
conversion price in effect on the relevant Conversion Date
("Conversion Price"). The Conversion Price is 420 pence per
Ordinary Share.
CULS Holders wishing to exercise their Conversion Rights in
certificated form shall do so by completing the Conversion Notice
on the reverse of the CULS certificate and returning this to
Corporate Actions Team, Equiniti Limited, Aspect House, Spencer
Road, Lancing, West Sussex, BN99 6DA or CULS Holders wishing to
exercise their Conversion Rights in uncertificated form should
arrange a TTE instruction in the CREST system (CREST Participant ID
2RA62 ; Member ID RA345004). CREST members and CREST sponsors (on
behalf of CREST sponsored members) should note that Euroclear UK
& Ireland Limited does not make special procedures in CREST for
any particular corporate action. Normal system timings and
limitations will therefore apply in relation to input of a TTE
instruction and its settlement. It is the responsibility of the
CREST CULS Holders concerned to take (or, if the CREST CULS Holder
is a CREST sponsored member, procure that his CREST sponsor takes)
the action necessary to ensure that a valid acceptance is received
by 1.00 p.m. on 31 December 2020. CREST CULS Holders and (where
applicable) CREST sponsors are referred in particular to those
sections of the CREST manual concerning practical limitations of
the CREST system and timings.
Settlement
Settlement of Ordinary Shares to be issued by the Company on the
valid exercise of a Conversion Right will be made no later than 14
January 2021 by (i) in the case of a CREST CULS holder, the credit
of Ordinary Shares to the relevant CREST stock account or (ii) in
the case of a certificated CULS Holder, the despatch by first class
post to the registered address of the CULS Holder of a definitive
ordinary share certificate (at the risk of the CULS Holder
concerned).
All terms capitalised in this announcement but not defined have
the same meaning as given to them in the Admission Particulars
dated 12 July 2019 which is available on the Company's website at
https://www.afhwm.co.uk/investor-relations/publications/ .
For further information please contact:
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
Shore Capital (Nominated Adviser and Broker) 020 7408 4090
Hugh Morgan / Daniel Bush / Sarah Mather
Yellow Jersey PR Limited (Financial PR) 0776 932 5254
J oe Burgess / Georgia Colkin / Annabel Atkins
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END
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