RNS Number : 1668K


30 December 2020

For immediate release

30 December 2020


("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:

                                                                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:

 Clem Chambers CEO 
 Tel: +44 20 3868 6702 
Beaumont Cornish Limited (Nominated Adviser) 
Roland Cornish/Michael Cornish 
 Tel: +44 (0) 207 628 3396 
Cassiopeia Ltd (Investor Relations) 
 Stefania Barbaglio 


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 
     ------------------  --------------------------------------------------------- 
 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") 
       type of 
      Identification      GB00BPT24C10 
 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 
                               ------------------  -----------------  ---------- 
                                 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 
      - Aggregated        1,222,946 options over Ordinary Shares 
      - 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 
     ------------------  --------------------------------------------------------- 


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(END) Dow Jones Newswires

December 30, 2020 07:38 ET (12:38 GMT)

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