Share Capital Reduction

RNS Number : 0602S

ADVFN PLC

18 September 2014

 

ADVFN PLC

18 September 2014

ADVFN Plc ("ADVFN" or the "Company")

Share Capital Reduction

Following the posting of a circular to shareholders on 4 August 2014 which detailed a proposed reduction of the Company's share capital (the "Capital Reduction"), and the results of the General Meeting held on 20 August 2014, the Company is pleased to announce that on 17 September 2014, The High Court issued an order confirming the Capital Reduction.

Following the registration of the Court order with Companies House earlier today, the Capital Reduction has now become effective.

As a consequence of the Capital Reduction, the Company's share premium account and share capital reduction shares issued pursuant to the capitalisation of the Company's merger reserve and share based payment reserve have been cancelled, and the nominal share capital of each Ordinary Share has reduced from £0.25 to £0.002.

The Company's total issued and voting share capital will comprise of 25,220,210 Ordinary Shares of £0.002 and this figure may be used by shareholders as the denominator for the calculations by which  they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

Contacts:

Clem Chambers [e-mail] 

Salmaan Khawaja / Ed Thomas 0207 383 5100 

Grant Thornton UK LLP (Nominated Adviser)

 

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