ADVFN Regulatory News (AFN)

25 Jan 2006 07:30

ADVFN PLC25 January 2006 ADVFN PLC25th January 2006 Embargoed until 7.30am, 25th January 2006 ADVFN PLC ("ADVFN " or the "Company") Placing of New Ordinary Shares ADVFN announces that it has conditionally placed a total of 7,894,737 newordinary shares of 1p each ("New Ordinary Shares") at 3.8p pence per share,raising £300,000 before expenses for the Company. The net proceeds of the Placing will be used to fund part of the purchase andacquisition costs involved in the purchase of Equity Holdings Ltd and is aresult of institutional demand. The Placing is conditional on admission of the New Ordinary Shares to trading onAIM ("Admission"). Admission is expected to become effective and dealings areexpected to commence on 30 January 2006 When issued, the new shares will rank pari passu in all respects with theCompany's existing ordinary shares. Following the placing, ADVFN will have atotal of 469,692,357 ordinary shares in issue. For more details please contact: Clement ChambersCEO, ADVFN Plc020 7070 0948clemc@advfn.com Francesca de FrancoPR, ADVFN Plc020 7070 0932francescad@advfn.com This information is provided by RNS The company news service from the London Stock Exchange