Issue of Equity

RNS Number : 3964B

ADVFN PLC

26 October 2009

 



THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA, OR ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 

26 OCTOBER 2009 - For immediate release 

RECOMMENDED OFFER BY ADVFN PLC ("ADVFN") FOR THE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF ALL IPO PLC ("ALL IPO") 

COMPULSORY PURCHASES AND APPLICATION FOR ADMISSION TO TRADING ON AIM

As at midnight on 7 October 2009, being the final close of the Offer and Cash Alternative, ADVFN either owned or had received valid acceptances in respect of 30,168,638 ALL IPO Shares, representing approximately 99.42 per cent of the issued share capital of ALL IPO. 

As previously announced, following the close of the Offer and Cash Alternative, notices were sent to non-assenting shareholders regarding the compulsory acquisition of their shares. In respect of the compulsory acquisition process, 79,708 New ADVFN Shares are to be issued and application has been made for those New ADVFN Shares to be traded on AIM. It is expected that the New ADVFN Shares will commence trading on 28 October 2009. 

Following the issue of these New ADVFN Shares, there will be 622,805,670 ADVFN Shares in issue, each carrying one voting right. ADVFN holds none of its own shares in treasury. 

The trading on AIM of ALL IPO Shares was canceled on 27 August 2009.

For further information please contact: 

ADVFN PLC 

Clem Chambers (Chief Executive) 

Michael Hodges (Chairman) 

020 7070 0909 

Grant Thornton UK LLP (NOMAD to ADVFN) 

Fiona Kindness 

020 7728 3414 

 

END

 

 

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