Re-dating of options

RNS Number : 6233Y

ADVFN PLC

08 July 2008

 

8 July 2008

ADVFN PLC ('ADVFN' or the 'Company')

Re-dating of options

Certain ADVFN directors hold 8,500,000 options which are currently exercisable at below market price, and expire between June 2009 and February 2010. In order to avoid shareholder dilution, those directors have today agreed that they will waive the current rights they have to exercise these options and will amend the terms of the options such that they now become exercisable on 10 June 2011 (subject to normal caveats regarding becoming exercisable prior to that on certain eventualities, for example death of the director or takeover of the Company) and expire on 10 June 2018. The exercise prices remain the same.  

Details are as follows (all options expire on 10 June 2018).

Clem Chambers
4,000,000 @ 1.75p previously exercisable until 10 June 2009, now locked up until 10 June 2011
1,000,000 @ 1.25p previously exercisable until 18 Feb 2010, now locked up until 10 June 2011

Michael Hodges
1,000,000 @ 1.75p previously exercisable 10 June 2009, now locked up until 10 June 2011
1,000,000 @ 1.25p previously exercisable 18 Feb 2010, now locked up until 10 June 2011

Jon Mullins
500,000 @ 1.75p previously exercisable 10 June 2009, now locked up until 10 June 2011
1,000,000 @ 1.25p previously exercisable 18 Feb 2010, now locked up until 10 June 2011



Contacts: 
ADVFN PLC: Clem Chambers, Chief Executive Officer, 020 0700 909 

Grant Thornton UK LLP (Nominated Adviser): Fiona Kindness, Director,

020 7728 3414

 

END

 

 

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