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An announcement from Aferian plc ( (GB:AFRN) ) is now available.
Aferian plc has announced an extension to its banking facilities with Barclays Bank, Bank of Ireland, and HSBC, pushing the repayment deadline to November 30, 2025. This extension allows Aferian to explore the sale of its Amino and 24i businesses or the entire company. The company has initiated a formal sale process, inviting expressions of interest from potential buyers. This move is part of a strategic review to potentially enhance shareholder value, although there is no certainty that a sale will occur. The company is also considering selling one or more of its subsidiaries, with FRP Advisory managing this M&A process.
More about Aferian plc
Aferian plc operates in the technology sector, focusing on providing software and solutions for video streaming and media delivery. Its primary products include the Amino and 24i businesses, which cater to the media and entertainment industry by offering innovative streaming solutions.
Average Trading Volume: 321,539
Technical Sentiment Signal: Strong Sell
Current Market Cap: £2.61M
Find detailed analytics on AFRN stock on TipRanks’ Stock Analysis page.