As previously announced on July 28, 2025, Aferian Plc (AIM:AFRN) has been in discussions with its lenders, Barclays Bank, Bank of Ireland and HSBC (the "Company's Lenders") with respect to an extension to its secured banking facilities of $16.5 million, which were due to expire on September 30, 2025 (the "Banking Facilities"). The Company's Lenders have now agreed a short-term extension to the Banking Facilities, extending the repayment deadline to November 30, 2025 to enable Aferian PLC to explore both a sale of its Amino and 24i businesses and a sale of the company. Those sale processes are being launched on 29 September 2025.
The repayment deadline for the Banking Facilities may, with the Company's Lenders' consent, be extended again, beyond November 30, 2025. However, there can be no guarantee that a willing purchaser for either the businesses or Aferian PLC will be identified within the Banking Facilities' current extension period or that the Banking Facilities will be extended again. In addition to the Formal Sale Process, Aferian PLC is exploring whether a sale of one or more of Aferian PLC's subsidiaries, or the business and assets of one or more of Aferian PLC's subsidiaries (the "M&A Process"), will provide a more beneficial outcome for Aferian PLC's stakeholders.
Aferian PLC has appointed FRP Advisory Trading Limited ("FRP Advisory"), part of FRP Advisory Group Plc, to manage the M&A Process. Aferian PLC intends to conduct a targeted and strategic process, focused on those parties that understand and value the full potential of Aferian PLC's businesses. Parties interested in the potential acquisition of one or more of Aferian PLC's businesses should contact Ben Hughes at FRP Advisory through the email contact detail.
