06 November 2024
Aferian plc
Directors' Dealings
Aferian plc (LSE:AFRN, "Company" or "AFRN") received notification on the 6 November 2024 from Kestrel Partners LLP ("Kestrel") that on the 5 November 2024 it sold, at the request of and on behalf of two discretionary client accounts, an aggregate of 53,214 ordinary shares of 1p each ("Shares") in the Company at an average price of £0.0525 per share.
Sebastian White, a Non-Executive Director of the Company, is a partner of, and holds a beneficial interest in, Kestrel.
Following this transaction, on a combined basis, Kestrel indirectly holds voting rights over 28,798,522 Shares in the Company in which Mr. White has no beneficial interest. This represents 25.90 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 | 702,949 | 0.64% |
| 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:
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| Aferian plc Mark Carlisle, Chief Executive Officer
| +44 (0) 1954 234100 |
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| Investec plc (NOMAD and Broker) David Anderson / Patrick Robb / Nick Prowting |
+44 (0) 20 7597 5970 |
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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 - Sebastian White (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
| Sell | ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price |
Sell total 53,214 shares at an average price of £0.0525 per share. | ||||||
| e)
| Date of the transaction
| 5 November 2024 | ||||||
| f)
| Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
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