Director/PDMR Shareholding

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

For further information contact:

Aferian Plc Donald McGarva, Chief Executive Officer Mark Carlisle, Chief Financial Officer	[phone]
Investec (NOMAD and Broker) David Anderson / Patrick Robb / Nick Prowting / Cameron MacRitchie	[phone]
FTI Consulting LLP (Financial Communications) Matt Dixon / Emma Hall / Tom Blundell / Aisha Hamilton	[phone]

ANNEX

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

 

END