AFERIAN PLC

Transaction in Own Shares • Sep 4, 2023

National Storage Mechanism | Additional information

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 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	+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 / Aisha Hamilton	+44 (0) 203 3727 1000

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)

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