Last checked at 14 Aug 2009 09:21
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA, OR ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
14 AUGUST 2009 - For immediate release
RECOMMENDED OFFER BY ADVFN PLC ("ADVFN") FOR THE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF ALL IPO PLC ("ALL IPO")
FURTHER ACCEPTANCES AND APPLICATION FOR ADMISSION TO TRADING ON AIM
As at 1.00 PM on 12 August 2009, ADVFN either owned or had received valid acceptances in respect of 27,333,378 ALL IPO Shares, representing approximately 90.09 per cent of the issued share capital of ALL IPO.
As a result of New ADVFN Shares to be issued in respect of the increased acceptances, application has been made for 373,792 New ADVFN Shares to be traded on AIM. It is expected that the New ADVFN Shares will commence trading on 19 August 2009.
Following the issue of these New ADVFN Shares, there will be 621,770,170 ADVFN Shares in issue, each carrying one voting right. ADVFN holds none of its own shares in treasury.
As previously announced, the Offer and the Cash Alternative, which remain subject to the terms and conditions set out in the Offer Document, have been extended and will remain open for acceptance until further notice. ADVFN will give not less than 14 days' notice in writing to ALL IPO Shareholders who have not accepted the Offer that the Offer will be open for such period before closing it.
The Admission to trading on AIM of ALL IPO Shares will be cancelled on 27 August 2009.
For further information please contact:
ADVFN PLC
Clem Chambers (Chief Executive)
Michael Hodges (Chairman)
020 7070 0909
Grant Thornton UK LLP (NOMAD to ADVFN)
Fiona Kindness
020 7728 3414