Source - SMW
AFH Financial Group  will seek shareholder approval to raise gross proceeds of £15.0m through a placing of new ordinary shares at 250p apiece.

It said net proceeds would be used to execute the company's acquisition pipeline and for working capital purposes. 

The company said it currently had a strong pipeline of potential acquisitions under negotiation.

At 9:05am:

(LON:AFHP) AFH Financial Group Plc share price was 0p at 252.5p