AFH Financial Group has raised £15 million to fund its acquisition pipeline, subject to shareholder approval.
This follows the firm’s announcement at the end of June where it stated it was hoping to raise £20 million to help fund its aim of being a £10 billion manager in the next five years.
The funds were raised via convertible unsecured loan stock 2024 (CULS) in denominations of £5,000 each.
The interest rate will be four percent each year, payable semi-annually in equal instalme...
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