Result of AGM and CEO statement

Date : 12/15/2011 @ 12:39PM
Source : UK Regulatory (RNS & others)
Stock : Advfn (AFN)
Quote : 37.5  -2.5 (-6.25%) @ 11:18AM
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Result of AGM and CEO statement

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RNS Number : 1003U


15 December 2011

ADVFN plc ("ADVFN" or the "Company")

Result of AGM and CEO statement

The Company announces that at its Annual General Meeting held today all resolutions were duly passed. In addition, the CEO of ADVFN, Clem Chambers, made the following statement:

"2011 was an important year for ADVFN, one that saw us grow and begin expanding internationally and gear up for further global growth. We have achieved this growth once again even against a background of economic turbulence.

We have made steady progress in various global markets with Japan, India and the Middle East, areas of focus in addition to our established territories of the UK, US and Brazil. Meanwhile we have been increasing activity in Italy, France, Germany, Canada and the Philippines. As more countries come on stream we will look to further new markets to address.

In 2012 we expect to expand further the international reach of ADVFN and continue to diversify our income streams, working towards the goal of reproducing ADVFN's strong performances in the UK, US and Brazil within additional markets. We believe this opportunity is significant and clearly defined and we hope to capture it whatever the outcome of the larger economic picture.

We expect 2012 will be yet another exciting year."


Clem Chambers, CEO, ADVFN plc (020 7070 0932)

Gerry Beaney/Salmaan Khawaja, Grant Thornton Corporate Finance (Nominated Adviser) 020 7383 5100

This information is provided by RNS

The company news service from the London Stock Exchange



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