Director/PDMR Shareholding

RNS Number : 4052C
ADVFN PLC
12 November 2009
 



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


Director shareholding


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

666,666

2,045

668,711

0.11%



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

Ray Negus

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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