16 Jan 2019 14:31
For immediate release
16 January 2019
ADVFN PLC
("ADVFN" or the "Company")
Exercise and award of Options, TVR and Director / PDMR Shareholding
ADVFN announces that Mr Clem Chambers, CEO, on 15 January 2019 exercised existing options over a total of 40,000 ordinary shares of 0.2p each in the Company ("Ordinary Shares") at a price of £0.3125 per Ordinary Share.
Accordingly, an application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and it is expected that Admission will become effective and dealings will commence on or around 23 January 2019.
Following Admission, the Company will have 25,663,846 Ordinary Shares in issue and admitted to trading on AIM and Mr Chambers will be interested in 563,198 Ordinary Shares representing 2.19% of the Company's enlarged issued share capital.
The Board on 15 January 2019 awarded an option to Clem Chambers to subscribe for, in aggregate, 80,000 new Ordinary Shares pursuant to the Company's Share Option Plan 2014 ("Option Plan"). Under the Option Plan, the exercise price of the options is equal to the closing mid-market price of an Ordinary Share for the last dealing day immediately preceding the date on which the option is to be granted, in this instance being 27.5p on Monday, 14 January 2019. The new options (representing 0.3 per cent. of the current issued share capital of the Company) vest on 24 January 2019 and lapse unless otherwise exercised on 12 December 2024.
More information on ADVFN can be found at: www.ADVFN.com
For further information please contact:
ADVFN PLC Michael Hodges, Chairman |
+44 (0) 207 070 0909 |
Beaumont Cornish Limited (Nominated Adviser) www.beaumontcornish.com | |
Roland Cornish/Michael Cornish | +44 (0) 207 628 3396 |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
1 | Details of the person discharging managerial responsibilities / person closely associated
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a) | Name | Clem Chambers | ||||||||||
2 | Reason for notification
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a) | Position / status | CEO | ||||||||||
b) | Initial notification /Amendment
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) | Name | ADVFN plc
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b) | LEI | 21380042SDV1E1ZVIY40
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.2 pence each in ADVFN plc
ISIN GB00BPT24C10
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Nature of the transaction | Exercise and award of options
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Price(s) and volumes(s) | Options exercised:
Options granted:
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d) | Aggregated information | Options exercised:
Options granted:
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e) | Date of the transaction | 15 January 2019
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f) | Place of the transaction | Outside a trading venue | ||||||||||
ENDS
ADVFN (AFN)