Director/PDMR Shareholding -

RNS Number : 4345C

ADVFN PLC

12 November 2009

 



ADVFN plc ("ADVFN" or the "Company")

The following replaces the announcement released on 12 November 2009 at 10:31am under RNS No. 4052C. The previous holding for Mr Ray Negus should have read 999,999 rather than 666,666. As a result the new holding for Mr Negus should read 1,002,044 and the percentage holding should read 0.16%. In addition, 45,000 options were issued to Mr Robert Emmet not Mr Ray Negus as was incorrectly stated in the previous announcement. All other information remains unchanged.

Director shareholding - replacement

In respect of the recent recommended offer by ADVFN plc for the entire issued and to be issued ordinary share capital of All IPO plc, three directors of ADVFN received ADVFN shares in exchange for their holding of shares in All IPO plc as follows:

Director	Previous holding	New ADVFN shares	New holding	% of total voting rights of the Company
Clem Chambers	6,253,846	1,360,227	7,614,073	1.22%
Mike Hodges	nil	450,000	450,000	0.07%
Ray Negus	999,999	2,045	1,002,044	0.16%

In addition, as part of the same transaction, options over ADVFN shares were granted to All IPO option holders on terms comparable to those on which the outstanding All IPO share options were held. As a result, the following directors of ADVFN received options in ADVFN which are exerciseable up to 21 October 2014 at an exercise price of 3.056 pence.

Director	Number of new options
Clem Chambers	786,831
Mike Hodges	786,831
Robert Emmet	45,000

Contacts:

ADVFN plc

Clem Chambers (Chief Executive)

Michael Hodges (Chairman)

020 7070 0909

Grant Thornton Corporate Finance (Nominated Adviser)

Fiona Kindness / Adam Suggett

020 7383 5100

 

END

 

 

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