ADVFN PLC Director/PDMR Shareholding (1668K)
December 30 2020 - 06:38AM
UK Regulatory
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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