ADVFN Regulatory News (AFN)

13 Sep 2006 17:09

ADVFN PLC13 September 2006 ADVFN PLC APPLICATION FOR ADMISSION OF SHARES Further to the announcement made on 5 September 2006, ADVFN plc ("ADVFN" or the"Company") has applied for the admission to trading on AIM of 32,833,333 newordinary shares of 1p in the capital of the Company (the "Ordinary Shares") on 8September 2006 and on 11 September 2006, applied for the admission of a further68,847,466 Ordinary Shares. Admission of the first tranche is expected on 14September 2006 with the second tranche being admitted on 15 September 2006. The issued shares will comprise 98,166,666 Ordinary Shares placed by MirabaudSecurities Limited at a placing price of 3p per share (the "Placing Shares"), aspreviously announced. In addition a party to the acquisition that was announcedon 5 September 2006 has agreed to subscribe for 3,514,133 Ordinary Shares. ThePlacing Shares are being admitted in two instalments because the firstinstalment qualifies for EIS/VCT relief. Following admission of the Ordinary Shares to trading, ADVFN's total issuedshare capital will be 581,569,595 Ordinary Shares. This information is provided by RNS The company news service from the London Stock Exchange