Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksADVFN Regulatory News (AFN)

Share Price Information for ADVFN (AFN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 10.50
Bid: 10.00
Ask: 11.00
Change: 0.00 (0.00%)
Spread: 1.00 (10.00%)
Open: 10.50
High: 10.50
Low: 10.50
Prev. Close: 10.50
AFN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Agreement with businessagent.com

21 Mar 2016 17:19

RNS Number : 8098S
ADVFN PLC
21 March 2016
 

21 March 2016

ADVFN PLC

Agreement with businessagent.com

ADVFN (LSE:AFN) is pleased to announce that it has signed an agreement with crowdfunding aggregator, Business Agent Limited ("businessagent.com") (the "Agreement").

Pursuant to the Agreement, ADVFN has agreed to introduce businessagent.com to its users and customers, by providing an exclusive listing on its website and mobile applications for equity and debt crowdfunding aggregation.

businessagent.com will initially spend £15,000 on advertising with ADVFN, but if it raises £2 million in funding, it has committed to spend another £60,000 in advertising. In consideration for this, ADVFN has been granted a 4 per cent. shareholding in businessagent.com, worth £120,000 at the current indicative equity valuation for businessagent.com of £3 million. The agreement is for a minimum of 3 years and shall continue on a month by month basis thereafter.

ADVFN will create a link to businessagent.com on the home page navigation of each of its websites. This will start in the UK, but it is envisaged that as crowdfunding becomes more established amongst ADVFN's overseas territories businessagent.com's services will be extended to those territories as well.

Clem Chambers, CEO of ADVFN said "Crowdfunding is still a new sector and one with great potential, quality is much better than quantity. businessagent.com brings the whole sector into one place".

Sacha Bright, CEO of businessagent.com said " this agreement not only catapults businessagent.com several years into the future in terms of traffic and users, but it is also a climactic event for crowdfunding. ADVFN's users invest regularly in the main financial markets and this is an opportunity to introduce professional high net worth individuals to equity & debt crowdfunding. The market up to this point has been grown by word of mouth from the high net worth retail investor.

Notes to Editors

businessagent.com lists every equity crowdfunded investment opportunity it can find and collates data on loan based crowdfunding thus enabling visitors to identify lending and investment opportunities all in one place. businessagent.com is also able to introduce companies to alternative loan providers and equity crowdfunding sites to raise capital for their businesses.

businessagent.com has a vision of creating the primary alternative finance market place through aggregation. Its mission is to help businesses get the funding they need and help investors improve their returns from their crowdfunding investments by allowing them to compare investments, see all the opportunities in one place and access data on the whole market so that they can make more informed decisions.

businessagent.com was founded in December 2013 and launched in July 2014. It received its FCA authorisation in September 2015. For the year ended 31 December 2015 businessagent.com made a loss of £164,331.

 

- ends -

Contacts:

Clem Chambers: clemc@advfn.com

Salmaan Khawaja / Jen Clarke / Jamie Barklem: 0207 383 5100

Grant Thornton UK LLP (Nominated Adviser)

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRUAABRNNAOUAR
Date   Source Headline
5th Aug 20094:40 pmRNSIssue of Equity
29th Jul 20093:30 pmRNSProposed cancellation of trading on AIM
22nd Jul 20092:30 pmRNSOffer unconditional / cancellation of All IPO
17th Jul 20094:35 pmRNSOffer unconditional as to acceptances
26th Jun 20099:57 amRNSRule 2.10 Announcement
26th Jun 20098:00 amRNSOffer for All IPO PLC
22nd Jun 20091:35 pmRNSSale of certain US websites
22nd Apr 200910:01 amRNSIssue of Equity
2nd Apr 20097:30 amRNSAvailability of ADRs
12th Mar 200911:30 amRNSIssue of Equity - Replacement
11th Mar 20092:15 pmRNSIssue of Equity
4th Mar 200912:24 pmRNSIssue of Equity
9th Feb 20097:30 amRNSInterim Results
21st Jan 20091:09 pmRNSResult of AGM / CEO statement
26th Nov 20085:00 pmRNSApplication for Admission of Shares
5th Nov 20084:30 pmRNSDirectorate Change
28th Oct 20084:45 pmRNSFinal Results
7th Aug 200812:00 pmRNSHolding(s) in Company
8th Jul 20085:23 pmRNSRe-dating of options
23rd May 20082:40 pmRNSHolding(s) in Company
7th Apr 20087:01 amRNSDirector/PDMR Shareholding
31st Mar 200812:00 pmRNSInterim Results
31st Mar 20087:30 amRNSInterim Results
16th Jan 200811:05 amRNSResult of AGM / CEO statement
31st Dec 20077:00 amRNSTotal Voting Rights
17th Dec 200712:26 pmRNSIssue of Equity
3rd Dec 200711:55 amRNSTotal Voting Rights
6th Nov 200711:11 amRNSIssue of Equity
1st Nov 20077:30 amRNSHolding(s) in Company
31st Oct 20078:00 amRNSTotal Voting Rights
31st Oct 20077:30 amRNSFinal Results
9th Oct 20077:30 amRNSIssue of Equity
29th Aug 20077:01 amRNSHolding(s) in Company
17th Aug 20073:18 pmRNSAIM Rule 26 information
27th Jun 200712:47 pmRNSPC WORLD accolade for ADVFN
27th Jun 20077:30 amRNSHolding(s) in Company
6th Jun 200712:35 pmRNSDirector/PDMR Shareholding
24th Apr 20077:30 amRNSADR programme established
4th Apr 200711:55 amRNSDirector/PDMR Shareholding
30th Mar 200712:53 pmRNSInterim Results
16th Mar 20073:07 pmRNSHolding(s) in Company
6th Mar 20079:28 amRNSHolding(s) in Company
16th Feb 200710:27 amRNSHolding(s) in Company
10th Jan 200711:49 amRNSResult of AGM
21st Dec 20062:27 pmRNSTotal Voting Rights
19th Dec 200612:00 pmRNSChange of registered office
24th Nov 20064:45 pmRNSIssue of Equity
15th Nov 20067:30 amRNSFinal Results
1st Nov 20067:01 amRNSIPO Discretionary Service
26th Oct 200611:38 amRNSADVFN best Investment Website

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.