Director/PDMR Shareholding

RNS Number : 1668K

ADVFN PLC

30 December 2020

 

For immediate release 

30 December 2020

ADVFN PLC

("ADVFN" or the "Company")

Director / PDMR shareholding

The Board of ADVFN PLC announces that the Board has agreed to amend the terms of 1,222,946  options held by certain directors, in aggregate representing 4.76 per cent. of the issued share capital of the Company. The exercise price of the options has been re-set at 14p per new ordinary share (compared to a closing mid-market price of 11.5p on 29 December 2020). Prior to the amendment, the options had exercise prices substantially greater than the prevailing market price.

The table below sets out the amended options:

	Director
Original grant date	M Hodges	C Chambers	J Mullins	M Collom	Pre-amendment exercise price per share	Amended exercise price per share
27.01.04	40,000	60,000	40,000	0	118.75p	14p
27.01.05	40,000	60,000	40,000	0	115p	14p
06.09.06	60,000	60,000	60,000	0	82.5p	14p
21.10.09	31,473	31,473	0	0	76.4p	14p
12.12.14	200,000	200,000	100,000	200,000	79.5p	14p

The re-setting of the option exercise price was reviewed by the independent non-executive director of the Company, Mr Tom Spiller and approved on 29 December 2020. Other than an amendment to the exercise price, the terms of the options remain unaltered. Other than the options granted in 2014 (which lapse on 12 December 2024), the options set out in the table above will lapse unless exercised on or before 31 December 2022. No other options have been issued or amended in the prior 12-month period.

A copy of this announcement is available on the Company's website, at   www.advfn.com

For further information please contact: 

ADVFN PLC Clem Chambers CEO Tel: [phone]

Beaumont Cornish Limited (Nominated Adviser) www.beaumontcornish.com

Roland Cornish/Michael Cornish Tel: [phone]

Cassiopeia Ltd (Investor Relations) Stefania Barbaglio

[e-mail]

 The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1. Michael Hodges 2. Clem Chambers 3. Jonathan Mullins 4. Matthew Collom
2	Reason for the notification
a)	Position/ status	1. Chairman 2. Chief Executive 3. Director 4. Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ADVFN plc
b)	LEI	21380042SDV1E1ZVIY40
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 the financial instrument, type of instrument	Options over Ordinary Shares of 0.2p each ("Ordinary Shares")
	Identification code	GB00BPT24C10
b)	Nature of the transaction	Amendment of exercise price of options over Ordinary Shares
c)	Price(s) and volume(s)		Director Price payable on exercise of option Volume(s) Michael Hodges £0.14 371,473 Clem Chambers £0.14 411,473 Jonathan Mullins £0.14 240,000 Matthew Collom £0.14 200,000
d)	Aggregated information
	- Aggregated volume	1,222,946 options over Ordinary Shares
	- Price	Price payable on exercise of option - UK£0.14
e)	Date of the transaction	29 December 2020
f)	Place of the transaction	Outside a trading venue

ENDS

 

END

 

 

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