ADVFN PLC
25 January 2006
ADVFN PLC
25th January 2006
Embargoed until 7.30am, 25th January 2006
ADVFN PLC ('ADVFN ' or the 'Company')
Placing of New Ordinary Shares
ADVFN announces that it has conditionally placed a total of 7,894,737 new
ordinary shares of 1p each ('New Ordinary Shares') at 3.8p pence per share,
raising £300,000 before expenses for the Company.
The net proceeds of the Placing will be used to fund part of the purchase and
acquisition costs involved in the purchase of Equity Holdings Ltd and is a
result of institutional demand.
The Placing is conditional on admission of the New Ordinary Shares to trading on
AIM ('Admission'). Admission is expected to become effective and dealings are
expected to commence on 30 January 2006
When issued, the new shares will rank pari passu in all respects with the
Company's existing ordinary shares. Following the placing, ADVFN will have a
total of 469,692,357 ordinary shares in issue.
For more details please contact:
Clement Chambers
CEO, ADVFN Plc
020 7070 0948
clemc@advfn.com
Francesca de Franco
PR, ADVFN Plc
020 7070 0932
francescad@advfn.com
This information is provided by RNS
The company news service from the London Stock Exchange VZM
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