AFH Financial Group's investment officer increases stake

28th May 2015 15:18

AFH Financial Group's chief investment officer has bought some shares, the company said on Thursday.Toby Denne purchased 20,000 shares for 145p each, spending a total of £29,000.Following the transaction, Denne holds 454,411 ordianry shares in the company, which represents 2.27% of the group's issued capital.Also on Thursday, the company announced it raised £0.75m through the placing of 0.54m shares in order to continue its acquisition strategy. It follows the acquisition of Independent Financial Services for about £0.5m earlier this month.Top Director BuysAFH Financial Group (AFHP) Director name: Mr Toby Denne Amount purchased: 20,000 @ 145.00p Value: £29,000Mckay Securities (MCKS) Director name: Mr David O ThomasAmount purchased: 7,051 @ 244.00p Value: £17,204Mckay Securities (MCKS) Director name: Mr David O ThomasAmount purchased: 7,010 @ 243.00p Value: £17,034Top Director SellsSThree (STHR) Director name: Mr Gary EldenAmount sold: 145,540 @ 379.01p Value: £551,611