- Aferian
- 28 November 2025 13:41:53
Source: Sharecast
The AIM-traded video streaming and pay-television technology group said the facilities, originally due to expire on 30 September and previously extended to 30 November, would now run until 12 December 2025.
It said it intended to ask its lenders for a further extension of the deadline to 30 January 2026, although it cautioned there was no guarantee that any additional extension will be granted.
Other than the revised repayment date, the terms of the banking facilities remained unchanged from those set out in its 29 September announcement.
The terms of the £1.125m shareholder loan from its largest investor, Kestrel Partners, also remained unchanged, with that facility maturing on 31 January 2026.
Aferian launched a formal sale process in September, and was exploring both a potential sale of the company and disposals of its Amino and 24i businesses or their assets.
It reiterated that there could be no certainty that any offers will be made, that a sale would complete, or on what terms any transaction might occur.
At the same time, the group continued to assess whether asset or subsidiary sales could deliver a better outcome for stakeholders.
The company said cash flow and working capital were being carefully managed within its existing facilities and that a further trading update would be provided in December.
At 1055 GMT, shares in Aferian were down 14.45% at 1.71p.
Reporting by Josh White for Sharecast.com.