AFH Financial plans AIM listing to fuel growth plans

IFA and discretionary wealth manager AFH Financial Group plans to list on the AIM market of the London Stock Exchange as it eyes future expansion.

The company intends to seek admission of its ordinary shares to trade on AIM in the near future and withdraw from trading on the ISDX Growth Market. The firm said in a statement: "It  has always been the company's intention to move to AIM at an appropriate time and the directors believe  that the company has made sufficient progress while on ISDX such that the move to AIM  is  now  a logical  next step." It added the move would help it attract new investors, raise the profile of the company and assist it raise capital for growth. AFH chief executive Alan Hudson said: "We believe th...