Gowling WLG advises Liberum and Shore Capital on CULS issue

29 July 2019

Gowling WLG's Equity Capital Markets team advised Liberum Capital Limited (Liberum) and Shore Capital Stockbrokers Limited (Shore Capital), as joint placing agents, in respect of the placing of £15 million of 4 per cent. convertible unsecured loan stock 2024 (CULS) issued by AIM quoted AFH Financial Group plc (AFH). The Placing was implemented by way of an accelerated bookbuild.

The CULS, which required the publication of Admission Particulars by AFH, were admitted to trading on the International Securities Market of the London Stock Exchange on 30 July 2019.

Liberum and Shore Capital were advised by Gowling WLG corporate partner Nick Heather who commented: "We are delighted to have advised Liberum and Shore Capital on an interesting transaction. Listing CULS on the International Securities Market is not a well-trodden path for an AIM listed company".

Gowling WLG's Equity Capital Markets team has extensive expertise in equity capital market transactions both in respect of AIM and full list transactions. It advises companies and investment banks/brokers that advise them.

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Pete Squires Senior Corporate Communications Manager Birmingham