ADVFN PLC Director dealing and issue of equity (6401W)
April 28 2016 - 4:22AM
UK Regulatory
TIDMAFN
RNS Number : 6401W
ADVFN PLC
28 April 2016
28 April 2016
ADVFN PLC
("ADVFN" or the "Company")
Director dealing and issue of equity
ADVFN announces that it has today issued 113,636 new ordinary
shares of 0.2 pence each ("Ordinary Shares"), representing 0.45 per
cent. of its issued share capital, at a price of 22 pence per share
to Clem Chambers, the Company's Chief Executive Officer, for total
consideration of GBP25,000.
Due to the limited availability of ADVFN shares in the secondary
market at this volume, the Company agreed to issue new shares at 22
pence per share, being the offer price as at market close on 27
April 2016. The proceeds will be used for general working capital
purposes.
Accordingly, Clem Chambers' aggregate beneficial interest
(direct and indirect) has increased by 113,636 Ordinary Shares to
1,337,520 Ordinary Shares, representing 5.28 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 113,636 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 5 May 2016.
The issued share capital of the Company following the issue of
the new Ordinary Shares is 25,333,846 Ordinary Shares of 0.2 pence
each. The Company does not hold any Ordinary Shares in
Treasury.
Following Admission, the above figure of 25,333,846 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.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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