Brief: Aferian PLC Says Additional Funding Secured And Gives Trading Update

Aferian

31/05/2023 07:39

May 31 (Reuters) - Aferian PLC  AFRNA.L :
    * AFERIAN PLC  - ADDITIONAL FUNDING SECURED AND TRADING
UPDATE
    * AFERIAN PLC - SECURED ADDITIONAL CASH FUNDING BY WAY OF A
SHAREHOLDER LOAN FACILITY OF UP TO £3.25 MILLION FROM ITS
LARGEST SHAREHOLDER
    * AFERIAN PLC - TRADING REMAINS BROADLY IN LINE WITH TRADING
AND
OUTLOOK COMMUNICATED IN FULL YEAR RESULTS ANNOUNCEMENT ON 16 MAY
    * AFERIAN PLC - MANAGEMENT WILL TAKE ADDITIONAL ACTION TO
REDUCE
COST BASE OF AMINO DIVISION
    * AFERIAN PLC-ADDITIONAL ACTION TO GENERATE COST-SAVINGS IN
CURRENT FINANCIAL YEAR OF CIRCA $1.3 MILLION AND ANNUALISED
COST-SAVINGS OF CIRCA $3 MILLION

Source text for Eikon:  ID:nRSe1441Ba 
Further company coverage:  AFRNA.L 

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