Director/PDMR Shareholding

RNS Number : 4052C

ADVFN PLC

12 November 2009

 



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

Director shareholding

In respect of the recent recommended offer by ADVFN plc for the entire issued and to be issued ordinary share capital of All IPO plc, three directors of ADVFN received ADVFN shares in exchange for their holding of shares in All IPO plc as follows:

Director	Previous holding	New ADVFN shares	New holding	% of total voting rights of the Company
Clem Chambers	6,253,846	1,360,227	7,614,073	1.22%
Mike Hodges	nil	450,000	450,000	0.07%
Ray Negus	666,666	2,045	668,711	0.11%

In addition, as part of the same transaction, options over ADVFN shares were granted to All IPO option holders on terms comparable to those on which the outstanding All IPO share options were held. As a result, the following directors of ADVFN received options in ADVFN which are exerciseable up to 21 October 2014 at an exercise price of 3.056 pence.

Director	Number of new options
Clem Chambers	786,831
Mike Hodges	786,831
Ray Negus	45,000

Contacts:

ADVFN plc

Clem Chambers (Chief Executive)

Michael Hodges (Chairman)

020 7070 0909

Grant Thornton Corporate Finance (Nominated Adviser)

Fiona Kindness / Adam Suggett

020 7383 5100

 

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