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Advfn Regulatory News (AFN)
Regulatory News for Advfn (AFN)
| Share Price: 3.90 | Bid: 3.80 | Ask: 4.00 | Change: 0.00 (0.00%) |  | ||||||
| ||||||||||
Re-dating of options
Fri, 14th Jan 2011 17:00
RNS Number : 5305Z
ADVFN PLC
14 January 2011
?
ADVFN PLC
('ADVFN' or 'the Company')
Re-dating of options
Certain ADVFN directors hold in total 21,351,995 options in the Company which are currently exercisable at below market price, and are due to expire on various dates between 27 January 2011 and 21 October 2014. It has been agreed that in order to regularise the position, and avoid any immediate shareholder dilution, the relevant directors will waive the current rights they have to exercise these options and will amend the terms of the options such that they now all do not become exercisable until 31 December 2013 (subject to normal caveats regarding becoming exercisable prior to that on certain eventualities, for example death of the director or takeover of the Company) and will expire on 31 December 2022. The exercise prices remain the same.
There are four tranches of options which are affected. Details are as follows:
|
|
Originally issued 27/1/04 at 4.75p per share expiring 27/1/11 |
Originally issued 27/1/05 at 4.6p per share expiring 27/1/12 |
Originally issued 6/9/06 at 3.3p per share expiring 6/9/13 |
Originally issued 21/10/09 at 3.056p per share expiring 21/10/14 |
Totals |
|
Ray Negus |
1,000,000 |
2,233,333 |
1,500,000 |
n/a |
4,733,333 |
|
Robert Emmet |
1,000,000 |
1,000,000 |
1,500,000 |
45,000 |
3,545,000 |
|
Michael Hodges |
1,000,000 |
1,000,000 |
1,500,000 |
786,831 |
4,286,831 |
|
Jon Mullins |
1,000,000 |
1,000,000 |
1,500,000 |
n/a |
3,500,000 |
|
Clem Chambers |
1,500,000 |
1,500,000 |
1,500,000 |
786,831 |
5,286,831 |
|
TOTAL |
|
|
|
|
21,351,995 |
In respect of the amendment to the options held by each of the above directors in each case the board, excluding the relevant director, having consulted with Grant Thornton in its capacity as the Company's Nominated Adviser, considers that the re-dating of these options is fair and reasonable insofar as the Company's shareholders are concerned.
Contacts:
|
Michael Hodges |
|
|
|
Fiona Kindness, Grant Thornton Corporate Finance (Nominated Adviser) |
020 7728 3414 |
|
This information is provided by RNS
The company news service from the London Stock Exchange
1
| Date | Source | Headline | Category |
|---|---|---|---|
| 19-Apr-13 17:20 | RNS | Replacement - Director's Dealings | Directors' Dealings |
| 17-Apr-13 17:04 | RNS | Director Dealings and intention to retire | Directors' Dealings |
| 08-Mar-13 18:00 | RNS | Half Yearly Report | Results and Trading Reports |
| 08-Feb-13 07:00 | RNS-R | UK Investors Show Sells Out | Company Announcement - General |
| 10-Jan-13 07:00 | RNS-R | ADVFN grows its content offering | Company Announcement - General |
| 13-Dec-12 13:49 | RNS | Result of AGM and CEO statement | Results and Trading Reports |
| 23-Oct-12 18:18 | RNS | Final Results | Results and Trading Reports |
| 27-Sep-12 07:30 | RNS-R | ADVFN Takes Financial Information Mobile | Company Announcement - General |
| 31-Aug-12 07:00 | RNS-R | ADVFN Releases New iPhone & iPad App | Company Announcement - General |
| 22-Aug-12 12:28 | RNS | Issue of Equity | Company Announcement - General |
| 09-Jul-12 11:30 | RNS | Management buy-out of Equity Holdings Ltd | Company Announcement - General |
| 31-May-12 07:30 | RNS | ADVFN Releases New Android App | Company Announcement - General |
| 09-May-12 17:31 | RNS | Issue of Equity | Company Announcement - General |
| 26-Apr-12 16:31 | RNS | Issue of Equity | Company Announcement - General |
| 28-Mar-12 07:30 | RNS | Partnership Agreement | Company Announcement - General |
| 01-Mar-12 18:13 | RNS | Half Yearly Report | Company Announcement - General |
| 15-Dec-11 17:39 | RNS | Result of AGM and CEO statement | Company Announcement - General |
| 12-Dec-11 14:45 | RNS | Issue of Equity | Company Announcement - General |
| 07-Dec-11 07:00 | RNS | Holding(s) in Company | Holding(s) in Company |
| 06-May-11 07:00 | RNS | Issue of Equity | Company Announcement - General |
| 14-Apr-11 13:03 | RNS | Financial app for iPad and iPhone | Company Announcement - General |
| 07-Apr-11 07:00 | RNS | Exercise of options | Company Announcement - General |
| 23-Feb-11 07:00 | RNS | Half Yearly Report | Results and Trading Reports |
| 19-Jan-11 07:00 | RNS | Exercise of Options | Company Announcement - General |
| 14-Jan-11 17:00 | RNS | Re-dating of options | Directors' Dealings |
| 16-Dec-10 13:15 | RNS | Result of AGM and CEO statement | Results and Trading Reports |
| 09-Nov-10 07:00 | RNS | Partnership with Continuum | Company Announcement - General |
| 14-Oct-10 10:09 | RNS | Exercise of options | Company Announcement - General |
| 24-Sep-10 14:45 | RNS | Holding(s) in Company | Holding(s) in Company |
| 20-Sep-10 14:15 | RNS | Audited Results for the Year Ended 30 June 2010 | Results and Trading Reports |
1
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