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On 01 September 2023, Kestrel Partners LLP, in which Aferian plc non-executive director Mr Royde holds a beneficial interest, purchased 100,000 ordinary shares in Aferian plc at an average price of 12.5 pence per share on behalf of its discretionary client accounts. Following this transaction, Kestrel indirectly holds voting rights over 28,726,736 shares in Aferian plc, representing 25.83 per cent of the total voting rights.
| Date | 4 Sept 2023 |
| Time | 07:00:05 |
| Category | Director/PDMR dealings |
| ID | 1977L |
4 September 2023
Aferian plc
Directors' Dealings
Aferian plc (LSE:AFRN, "Company" or "AFRN") received notification on the 01 September 2023 from Kestrel Partners LLP ("Kestrel") that on the 01 September 2023 it purchased, on behalf of its discretionary client accounts, an aggregate of 100,000 ordinary shares of 1p each each ("Shares") in the Company at an average price of 12.5 pence per share.
Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in AFRN.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 16,784,114 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 11,942,622 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 28,726,736 Shares in the Company, which represents 25.83 per cent of the total voting rights in the Company.
Kestrel's interest in the Shares in the Company is held through the following nominees:
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Holding type |
Nominee |
No. of shares |
% of total voting rights |
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Indirect |
Bank of New York Nominees Ltd |
16,784,114 |
15.09% |
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Indirect |
JIM Nominees Limited |
631,163 |
0.57% |
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Indirect |
Bank of New York Nominees Ltd |
7,463,390 |
6.71% |
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Indirect |
Northern Trust Company AVFC |
3,848,069 |
3.46% |
For further information contact:
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Aferian Plc Donald McGarva, Chief Executive Officer Mark Carlisle, Chief Financial Officer |
+44 (0) 1223 598197 |
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Investec (NOMAD and Broker) David Anderson / Patrick Robb / Nick Prowting / Cameron MacRitchie |
+44 (0) 20 7597 5970 |
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FTI Consulting LLP (Financial Communications) Matt Dixon / Emma Hall / Tom Blundell / Aisha Hamilton |
+44 (0) 203 3727 1000
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ANNEX
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Kestrel Partners LLP
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2
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Reason for the notification
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a)
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Position/status
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PCA - Max Royde (non-executive director Aferian plc) |
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b)
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Initial notification /Amendment |
Initial |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Aferian plc |
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b)
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LEI
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21380068JIMBNNZJL315 |
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4
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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)
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Description of the financial instrument, type of instrument Identification code
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Ordinary shares of 1p each
ISIN: GB00B013SN63
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b)
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Nature of the transaction
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Purchase |
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c)
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Price(s) and volume(s)
Transfer
Purchase
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d)
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Aggregated information - Aggregated volume - Price |
Purchase Total 100,000 shares at an average price of 12.5 pence. |
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e)
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Date of the transaction
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01 September 2023 |
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f)
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Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
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