REG - Aferian PLC - Update, Suspension of Trading and End of FSP

AferianAnnouncement

06/03/2026 07:00

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RNS Number : 5840V  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")

Update

Suspension of Trading

End of Formal Sale Process

Further to announcement of 13 February 2026, the Company confirms that it has
explored whether a sale of one or more of the Company's subsidiaries, or the
business and assets of one or more of the Company's subsidiaries, will provide
a beneficial outcome for the Company's stakeholders ("Alternative Options").
As also previously announced, a number of credible parties have actively
engaged in advanced discussions with the Company in relation to Alternative
Options to safeguard the Group's trading operations.

 

The Company's senior lenders have now indicated their support for one of the
Alternative Options, in respect of which negotiations are well progressed and
which is considered capable of being transacted in the very near term, being a
sale of all of the Group's operating subsidiaries (24i and Amino) as going
concerns to a single buyer (the "Proposed Sale").

 

The Proposed Sale would protect the trading operations of the Group, ensure
continuity of service to the Group's customers, preserve jobs and provide some
return to the Company's senior lenders.

 

However, the potential consideration receivable by the Company under the
Proposed Sale is significantly less than the outstanding amount of the Group's
secured banking facilities of $16.5m. Accordingly, no return for shareholders
of the Company is expected to result from the Proposed Sale.

 

The consummation of the Proposed Sale is envisaged to be implemented by means
of a pre-packaged sale undertaken immediately following the Company entering
administration.

 

The Board is progressing with the Proposed Sale and is currently in
discussions with its advisers and principal stakeholders regarding the
potential appointment of administrators in respect of the Company.

 

Suspension

 

In light of the above, the Board considers that a suspension of trading is
appropriate pending clarification of the Company's financial position and any
formal insolvency process in respect of the Company. Trading in the Company's
ordinary shares on AIM will therefore be suspended with effect from 7.30am on
6 March 2026 (today).

 

End of Formal Sale Process

 

Further to the announcement made on 29 September 2025 in relation to the
commencement of a formal sale process (the "FSP") pursuant to Rule 2.4 and
Note 2 of Rule 2.6 of the City Code of Takeovers and Mergers (the "Takeover
Code"), no firm interest has been received in acquiring the Company and there
are no ongoing discussions with any party regarding a possible offer for the
Company.

 

As a result,  the Directors of the Company announce today that they have
decided to terminate the FSP with immediate effect.

 

Accordingly, the Company is no longer in an offer period as defined by the
Takeover Code. The dealing disclosure requirements under Rule 8 of the
Takeover Code no longer apply.

 

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

Additional information

Zeus Capital Limited ("Zeus"), is authorised and regulated by the Financial
Conduct Authority in the United Kingdom. Zeus is acting as financial adviser
exclusively for Aferian and no one else in connection with the matters set out
in this announcement and will not regard any other person as its client in
relation to the matters set out in this announcement and will not be
responsible to anyone other than Aferian for providing the protections
afforded to clients of Zeus or its affiliates, or for providing advice in
relation to the contents of this announcement or any other matter referred to
herein.

Publication on a website

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available at https://aferian.com/investors. The content of the website
referred to in this announcement is not incorporated into and does not form
part of this announcement.

 

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