REG - Aferian PLC - Intention to appoint Administrators

AferianAnnouncement

Yesterday 12:30

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RNS Number : 7210V  Aferian PLC  06 March 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS
DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF
MAR.

AFERIAN PLC

("Aferian", the "Company" and with its subsidiaries the "Group")

Intention to appoint Administrators

 

Further to the announcement made earlier today, the Company has filed a notice
of intention to appoint David Hudson and Philip Armstrong of FRP Advisory
Trading Limited as joint administrators of the Company (the "Joint
Administrators"). The Board is taking this action to protect the interests of
Aferian plc's creditors.

 

This announcement relates solely to the intention to appoint administrators in
respect of the parent company, Aferian plc, and not in respect of any of the
trading subsidiaries within the Group, which will continue to trade under the
control of their directors.

 

The person responsible for arranging this announcement on behalf of the
Company is Mark Carlisle, Chief Executive Officer.

 

For further information please contact:

 

 Aferian plc                                      +44 (0) 1223 641990
 Mark Wells, Chairman                             investors@aferian.com

 Mark Carlisle, Chief Executive Officer
 Zeus (Nominated Adviser and Broker)              +44 (0)20 3829 5000
 Katy Mitchell, Oscar Stack (Investment Banking)

 Benjamin Robertson (ECM)

About Aferian plc

Aferian plc (AIM: AFRN) is a B2B video streaming solutions company. Our
end-to-end solutions bring live and on-demand video to every kind of screen.
We create the forward-thinking solutions that our customers need to drive
subscriber engagement, audience satisfaction, and revenue growth.

It is our belief that successful media companies and services will be those
that are most consumer-centric, data driven and flexible to change. We focus
on innovating technologies that enable our customers to stay ahead of evolving
viewer demand by providing smarter, more cost-effective ways of delivering
end-to-end modern TV and video experiences to consumers. By anticipating
technological and behavioural audience trends, our software solutions empower
our customers to heighten viewer enjoyment, drive growth in audience share and
ultimately their profitability.

Aferian plc has two operating divisions: 24i, which focusses on streaming
video experiences, and Amino, which connects Pay TV to streaming services. Our
two complementary companies combine their products and services to create
solutions which ensure that people can consume TV and video how and when they
want it. Our solutions deliver modern TV and video experiences every day to
millions of viewers globally, via our growing global customer base of over 500
service providers.

Aferian plc is traded on the London Stock Exchange's AIM stock market (AIM:
symbol AFRN) and is headquartered in Cambridge, UK.

For more information, please visit www.aferian.com

 

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