ADVFN PLC Director dealing and issue of equity (9683G)
August 11 2016 - 9:45AM
UK Regulatory
TIDMAFN
RNS Number : 9683G
ADVFN PLC
11 August 2016
11 August 2016
ADVFN PLC
("ADVFN" or the "Company")
Director dealing and issue of equity
ADVFN announces that it has today issued 100,000 new ordinary
shares of 0.2 pence each ("Ordinary Shares"), representing 0.39 per
cent. of its issued share capital, at a price of 25.5 pence per
share to Clem Chambers, the Company's Chief Executive Officer, for
total consideration of GBP25,500.
Due to the limited availability of ADVFN shares in the secondary
market at this volume, the Company agreed to issue new shares at
25.5 pence per share, being the mid-market price as at market close
on 10 August 2016. The proceeds will be used for general working
capital purposes.
Accordingly, Clem Chambers' aggregate beneficial interest
(direct and indirect) has increased by 100,000 Ordinary Shares to
1,437,520 Ordinary Shares, representing 5.61 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 100,000 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 17 August 2016.
The issued share capital of the Company following the issue of
the new Ordinary Shares is 25,623,846 Ordinary Shares of 0.2 pence
each. The Company does not hold any Ordinary Shares in
Treasury.
Following Admission, the above figure of 25,623,846 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.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Clement Chambers
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status CEO
--- ------------------------- ---------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ---------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------
a) Name ADVFN PLC
--- ------------------------- ---------------------------
b) LEI
--- ------------------------- ---------------------------
4 Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ------------------------------------------------------
a) Description of ADVFN PLC Ordinary shares
the financial of 0.2 pence
instrument, type
of instrument
GB00BPT24C10
Identification
code
--- ------------------------- ---------------------------
b) Nature of the Placing of Ordinary Shares
transaction
--- ------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
25.5 pence 100,000
------------ ----------
--- ------------------------- ---------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 11 August 2016
--- ------------------------- ---------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ------------------------- ---------------------------
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
The information contained within this RNS is considered to be
inside information prior to its release.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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