TIDMAFRN

RNS Number : 1977L

Aferian PLC

04 September 2023

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:

 
 Holding     Nominee                      No. of shares                      % of total voting 
  type                                                                                  rights 
             Bank of New York Nominees 
 Indirect     Ltd                            16,784,114                                 15.09% 
 Indirect    JIM Nominees Limited               631,163                                  0.57% 
             Bank of New York Nominees 
 Indirect     Ltd                             7,463,390                                  6.71% 
             Northern Trust Company 
 Indirect     AVFC                            3,848,069                                  3.46% 
 

For further information contact:

 
 
 Aferian Plc 
  Donald McGarva, Chief Executive Officer 
  Mark Carlisle, Chief Financial Officer           +44 (0) 1223 598197 
 
 Investec (NOMAD and Broker) 
  David Anderson / Patrick Robb / Nick 
  Prowting / Cameron MacRitchie                    +44 (0) 20 7597 5970 
 FTI Consulting LLP (Financial Communications) 
  Matt Dixon / Emma Hall / Tom Blundell           +44 (0) 203 3727 
  / Aisha Hamilton                                 1000 
 
 

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                     Kestrel Partners LLP 
     -----------------------  ------------------------------------------------ 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------- 
 a)   Position/status          PCA - Max Royde (non-executive director Aferian 
                                plc) 
     -----------------------  ------------------------------------------------ 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ------------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                     Aferian plc 
     -----------------------  ------------------------------------------------ 
 b)   LEI                      21380068JIMBNNZJL315 
     -----------------------  ------------------------------------------------ 
      Details of the transaction(s): section to be repeated for 
  4    (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 1p each 
       of the financial 
       instrument,              ISIN: GB00B013SN63 
       type of instrument 
       Identification 
       code 
     -----------------------  ------------------------------------------------ 
 b)   Nature of the             Purchase 
       transaction 
     -----------------------  ------------------------------------------------ 
 c)   Price(s) and              Purchase 
       volume(s)                 01 September 2023 
                                 Price(s)     Volume(s) 
       Transfer                              --------------- 
                                 12.5 pence   100,000 shares 
       Purchase                              --------------- 
     -----------------------  ------------------------------------------------ 
 d)   Aggregated information 
       - Aggregated              Purchase Total 100,000 shares at an average 
       volume                    price of 12.5 pence. 
       - Price 
     -----------------------  ------------------------------------------------ 
 e)   Date of the              01 September 2023 
       transaction 
     -----------------------  ------------------------------------------------ 
 f)   Place of the             London Stock Exchange, AIM Market (XLON) 
       transaction 
     -----------------------  ------------------------------------------------ 
 

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END

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September 04, 2023 02:00 ET (06:00 GMT)

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