ADVFN PLC Director dealing and issue of equity

Date : 08/11/2016 @ 9:45AM
Source :InvestorsHub NewsWire
Stock : Advfn (PC) (IHUBY)
Quote : 1.23  0.0 (0.00%) @ 2:05AM

ADVFN PLC Director dealing and issue of equity

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

MSCXFLFFQVFZBBX

(END) Dow Jones Newswires

August 11, 2016 09:45 ET (13:45 GMT)

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