AFN Advfn Plc

TIDMAFN

RNS Number : 6996Z

ADVFN PLC

12 December 2014

ADVFN PLC

12 December 2014

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

Issue of options

ADVFN announces that it has today granted share options to its directors under a new 2014 ADVFN plc share option plan. As a result of the new option scheme, options have been granted to the directors as follows:

 
Director           Number of Options 
Michael Hodges     400,000 
Clem Chambers      400,000 
Jonathan Mullins   200,000 
Matthew Collum     200,000 
Total              1,200,000 
 

Under the new option plan, the earliest exercise date of the options is the first anniversary following the date of grant. The exercise price is GBP0.795, which represents the closing mid-market price of a share on 11 December 2014, being the dealing day immediately prior to the date of grant. The options will lapse on the tenth anniversary of the date of grant (or otherwise in accordance with the terms of the new share option plan).

In addition to the options granted today, the directors currently hold the following options as a result of previous grants made under an existing share option plan. The number of existing options (together with their respective exercise prices) have been adjusted in accordance with the share capital reduction as detailed in the circular posted on 4 August 2014 and are detailed below.

 
Grant date    Exercise       Lapse date    Michael  Clem Chambers  Jonathan    Total 
               date                         Hodges                  Mullins 
  10 June 
    2002      10 June 2011   31 Dec 2018    40,000        160,000    20,000  220,000 
18 Feb 2003   10 June 2011   31 Dec 2018    40,000         40,000    40,000  120,000 
27 Jan 2004    31 Dec 2013   31 Dec 2022    40,000         60,000    40,000  140,000 
27 Jan 2005    31 Dec 2013   31 Dec 2022    40,000         60,000    40,000  140,000 
6 Sept 2006    31 Dec 2013   31 Dec 2022    60,000         60,000    60,000  180,000 
21 Oct 2010    31 Dec 2013   31 Dec 2022    31,473         31,473         -   62,946 
                                           -------  -------------  --------  ------- 
                                           251,473        411,473   200,000  862,946 
 

Enquiries

Clem Chambers clemc@advfn.com

Salmaan Khawaja / Ed Thomas 0207 383 5100

Grant Thornton UK LLP (Nominated Adviser)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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