12th Nov 2009 10:31
ADVFN plc ("ADVFN" or the "Company")
Director shareholding
In respect of the recent recommended offer by ADVFN plc for the entire issued and to be issued ordinary share capital of All IPO plc, three directors of ADVFN received ADVFN shares in exchange for their holding of shares in All IPO plc as follows:
|
Director |
Previous holding |
New ADVFN shares |
New holding |
% of total voting rights of the Company |
|
Clem Chambers |
6,253,846 |
1,360,227 |
7,614,073 |
1.22% |
|
Mike Hodges |
nil |
450,000 |
450,000 |
0.07% |
|
Ray Negus |
666,666 |
2,045 |
668,711 |
0.11% |
In addition, as part of the same transaction, options over ADVFN shares were granted to All IPO option holders on terms comparable to those on which the outstanding All IPO share options were held. As a result, the following directors of ADVFN received options in ADVFN which are exerciseable up to 21 October 2014 at an exercise price of 3.056 pence.
|
Director |
Number of new options |
|
Clem Chambers |
786,831 |
|
Mike Hodges |
786,831 |
|
Ray Negus |
45,000 |
Contacts:
ADVFN plc
Clem Chambers (Chief Executive)
Michael Hodges (Chairman)
020 7070 0909
Grant Thornton Corporate Finance (Nominated Adviser)
Fiona Kindness / Adam Suggett
020 7383 5100
Related Shares:
ADVFN