Issue of Equity (0223D)
May 09 2012 - 12:31PM
UK Regulatory
TIDMAFN
RNS Number : 0223D
ADVFN PLC
09 May 2012
9 May 2012
ADVFN plc ("ADVFN" or the "Company")
Issue of Equity
ADVFN announces that it has issued and allotted 3,545,000 new
ordinary shares of 1p each. 1,000,000 were issued at a price of
4.75p per ordinary share, 1,000,000 at 4.6p per ordinary share,
1,500,000 at 3.3p per ordinary share and 45,000 at 3.056p per
ordinary share pursuant to the exercise of options by Robert Emmet,
Non - Executive Director of the Company.
Application to the London Stock Exchange has been made for these
new ordinary shares (which rank pari passu with the Company's
existing issued ordinary shares) to be admitted to trading on AIM
('Admission'). It is expected that Admission will become effective
and that dealings will commence on 15 May 2012. These options had
been due to be exercisable after 31 December 2013 but under the
terms of the option scheme the Company has agreed to bring this
date forward due to Mr Emmet's personal reasons.
Following Admission, the Company's enlarged issued share capital
will comprise 628,864,004 ordinary shares. Therefore the total
number of ordinary shares with voting rights is 628,864,004. This
figure of 628,864,004 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 a change in their interest in, the share capital of the
Company under the FSA's Disclosure and Transparency Rules.
It is also announced that the shares issued above have been sold
by Robert Emmet a Non-Executive director of the company on the open
market at an average price of 5.1p per share. Following the share
sale Mr Emmet holds no Ordinary Shares, in the Company.
Enquiries:
ADVFN plc
Tel: +44 (0) 207 070 0909
Clem Chambers, CEO
Grant Thornton Corporate Finance
Tel: +44 (0)20 7383 5100
Gerry Beaney
This information is provided by RNS
The company news service from the London Stock Exchange
END
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