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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Advfn Plc | LSE:AFN | London | Ordinary Share | GB00BPT24C10 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.50 | 11.00 | 12.00 | 11.50 | 11.50 | 11.50 | 50 | 07:45:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Information Retrieval Svcs | 5.46M | -2.17M | -0.0471 | -2.44 | 5.29M |
TIDMAFN
RNS Number : 1668K
ADVFN PLC
30 December 2020
For immediate release
30 December 2020
ADVFN PLC
("ADVFN" or the "Company")
Director / PDMR shareholding
The Board of ADVFN PLC announces that the Board has agreed to amend the terms of 1,222,946 options held by certain directors, in aggregate representing 4.76 per cent. of the issued share capital of the Company. The exercise price of the options has been re-set at 14p per new ordinary share (compared to a closing mid-market price of 11.5p on 29 December 2020). Prior to the amendment, the options had exercise prices substantially greater than the prevailing market price.
The table below sets out the amended options:
Director ---------------------------------------------- Pre-amendment Amended exercise exercise Original price per price per grant date M Hodges C Chambers J Mullins M Collom share share ------------- --------- ----------- ----------- --------- -------------- ----------- 27.01.04 40,000 60,000 40,000 0 118.75p 14p 27.01.05 40,000 60,000 40,000 0 115p 14p 06.09.06 60,000 60,000 60,000 0 82.5p 14p 21.10.09 31,473 31,473 0 0 76.4p 14p 12.12.14 200,000 200,000 100,000 200,000 79.5p 14p
The re-setting of the option exercise price was reviewed by the independent non-executive director of the Company, Mr Tom Spiller and approved on 29 December 2020. Other than an amendment to the exercise price, the terms of the options remain unaltered. Other than the options granted in 2014 (which lapse on 12 December 2024), the options set out in the table above will lapse unless exercised on or before 31 December 2022. No other options have been issued or amended in the prior 12-month period.
A copy of this announcement is available on the Company's website, at www.advfn.com
For further information please contact:
ADVFN PLC Clem Chambers CEO Tel: +44 20 3868 6702 Beaumont Cornish Limited (Nominated Adviser) www.beaumontcornish.com Roland Cornish/Michael Cornish Tel: +44 (0) 207 628 3396 Cassiopeia Ltd (Investor Relations) Stefania Barbaglio
stefania@cassiopeia-ltd.com
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name 1. Michael Hodges 2. Clem Chambers 3. Jonathan Mullins 4. Matthew Collom ------------------ --------------------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------------- a) Position/ 1. Chairman status 2. Chief Executive 3. Director 4. Director ------------------ --------------------------------------------------------- b) Initial Initial Notification notification /Amendment ------------------ --------------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------- a) Name ADVFN plc ------------------ --------------------------------------------------------- b) LEI 21380042SDV1E1ZVIY40 ------------------ --------------------------------------------------------- 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 ----------------------------------------------------------------------------- a) Description Options over Ordinary Shares of 0.2p each ("Ordinary of the financial Shares") instrument, type of instrument Identification GB00BPT24C10 code b) Nature of Amendment of exercise price of options over the transaction Ordinary Shares ------------------ --------------------------------------------------------- c) Price(s) Director Price payable Volume(s) and volume(s) on exercise of option ------------------ ----------------- ---------- Michael Hodges GBP0.14 371,473 Clem Chambers GBP0.14 411,473 Jonathan Mullins GBP0.14 240,000 Matthew Collom GBP0.14 200,000 ----------------------------------------------------- d) Aggregated information - Aggregated 1,222,946 options over Ordinary Shares volume - Price Price payable on exercise of option - UKGBP0.14 e) Date of 29 December 2020 the transaction ------------------ --------------------------------------------------------- f) Place of Outside a trading venue the transaction ------------------ ---------------------------------------------------------
ENDS
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END
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(END) Dow Jones Newswires
December 30, 2020 07:38 ET (12:38 GMT)
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