Issue of Equity

RNS Number : 6395Z

ADVFN PLC

24 September 2009

 

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA, OR ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 

24 SEPTEMBER 2009 - For immediate release 

RECOMMENDED OFFER BY ADVFN PLC ('ADVFN') FOR THE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF ALL IPO PLC ('ALL IPO') 

FURTHER ACCEPTANCES AND APPLICATION FOR ADMISSION TO TRADING ON AIM

As at 1.00 PM on 23 September 2009, ADVFN either owned or had received valid acceptances in respect of 29,047,172 ALL IPO Shares, representing approximately 95.72 per cent of the issued share capital of ALL IPO. 

As a result of New ADVFN Shares to be issued in respect of the increased acceptances, application has been made for 494 New ADVFN Shares to be traded on AIM. It is expected that the New ADVFN Shares will commence trading on 30 September 2009. 

Following the issue of these New ADVFN Shares, there will be 622,345,665 ADVFN Shares in issue, each carrying one voting right. ADVFN holds none of its own shares in treasury. 

As previously announced, the Offer and the Cash Alternative, which remain subject to the terms and conditions set out in the Offer Document, have been extended and will remain open for acceptance until further notice. ADVFN will give not less than 14 days' notice in writing to ALL IPO Shareholders who have not accepted the Offer that the Offer will be open for such period before closing it.

The trading on AIM of ALL IPO Shares was canceled on 27 August 2009 and notice has been sent to non-assenting shareholders regarding the compulsory acquisition of their shares.

For further information please contact: 

ADVFN PLC 

Clem Chambers (Chief Executive) 

Michael Hodges (Chairman) 

020 7070 0909 

Grant Thornton UK LLP (NOMAD to ADVFN) 

Fiona Kindness 
020 7728 3414 

 

END

 

 

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