Replacement: Director dealing and issue of equity

RNS Number : 7366W

ADVFN PLC

28 April 2016

 

This announcement replaces the Director dealing and issue of equity announcement released on 28 April 2016 at 09:22 under RNS Number: 6401W.

The previous announcement stated that the resultant number of shares in issue following the issue of equity is 25,333,846 Ordinary Shares and that accordingly, Clem Chambers' aggregate beneficial interest (direct and indirect) has increased to 1,337,520 Ordinary Shares, representing 5.28 per cent. of the issued share capital and total voting rights of the Company.

The resultant number of shares in issue following the issue of equity should have read 25,523,846 Ordinary Shares. Accordingly, Clem Chambers' aggregate beneficial interest (direct and indirect) has increased to 1,337,520 Ordinary Shares, representing 5.24 per cent. of the issued share capital and total voting rights of the Company.

All other details remain unchanged and the full amended announcement is shown below.

28 April 2016 

ADVFN PLC

("ADVFN" or the "Company")

Director dealing and issue of equity

ADVFN announces that it has today issued 113,636 new ordinary shares of 0.2 pence each ("Ordinary Shares"), representing 0.45 per cent. of its issued share capital, at a price of 22 pence per share to Clem Chambers, the Company's Chief Executive Officer, for total consideration of £25,000.

Due to the limited availability of ADVFN shares in the secondary market at this volume,  the Company agreed to issue new shares at 22 pence per share, being the offer price as at market close on 27 April 2016. The proceeds will be used for general working capital purposes.

Accordingly, Clem Chambers' aggregate beneficial interest (direct and indirect) has increased by 113,636 Ordinary Shares to 1,337,520 Ordinary Shares, representing 5.24 per cent. of the issued share capital and total voting rights of the Company. Clem Chambers' indirect interest is through On-Line PLC of which he holds a 19.96 per cent. beneficial interest.

Application will be made to the London Stock Exchange for admission of 113,636 Ordinary Shares to trading on AIM (the "Admission") and it is expected that Admission will take place and that trading will commence on AIM on or around 5 May 2016.

The issued share capital of the Company following the issue of the new Ordinary Shares is 25,523,846 Ordinary Shares of 0.2 pence each. The Company does not hold any Ordinary Shares in Treasury.

Following Admission, the above figure of 25,523,846 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information, please contact:

Clem Chambers,

ADVFN PLC CEO

0207 0700 909

Salmaan Khawaja

Jen Clarke

Jamie Barklem

Grant Thornton UK LLP (Nominated Adviser)

0207 383 5100

 

END

 

 

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