ADVFN.COM PLC
25 April 2002
ADVFN.COM PLC ('ADVFN' or the 'Company')
Placing of New Ordinary Shares
ADVFN announces that it has issued 22,666,667 new Ordinary Shares ('New Ordinary
Shares') at 1.5 pence per share to raise £340,000 for the Company. Hoodless
Brennan & Partners Plc have conditionally subscribed for 16,000,000 of these
shares, giving them a percentage holding in the Company of 4.89%. The funds
will be used to continue the Company's rollout of new services, beginning with
the introduction shortly of US prices.
The Company has previously announced that ADVFN was expected to become
profitable and cash flow positive on an operational level in the first quarter
of 2002 and that this occurred in February 2002. We are pleased to announce
that this has continued in March 2002.
Application has been made to admit the New Ordinary Shares to trading on AIM and
admission is expected on 29 April 2002.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.