TIDMAFN

RNS Number : 9156J

ADVFN PLC

29 April 2022

29 April 2022

For immediate release

ADVFN PLC

(" ADVFN " or the "Company")

Notice of General Meeting

The Board of ADVFN announces that at the General Meeting of the Company held today at 11.30am, all resolutions were passed on a poll. The total number of votes received on each resolution were as follows:

 
     Resolution                     For     % of     Against     % of      Votes   Withheld 
                                           votes                votes    cast as 
                                            cast                 cast     a % of 
                                                                          issued 
                                                                           share 
                                                                         capital 
     Anthony Wollenberg 
      is appointed 
      a director of 
 1    the Company            15,043,663   71.73%   5,930,118   28.27%     79.70%        329 
    ----------------------  -----------  -------  ----------  -------  ---------  --------- 
     Amit Tauman is 
      appointed a director 
 2    of the Company         14,540,908   69.32%   6,432,873   30.67%     79.70%        329 
    ----------------------  -----------  -------  ----------  -------  ---------  --------- 
     Lord David Gold 
      is appointed 
      a director of 
 3    the Company            14,540,908   69.32%   6,432,873   30.67%     79.70%        329 
    ----------------------  -----------  -------  ----------  -------  ---------  --------- 
 

Notes:

1. Any proxy appointments which gave discretion to the Chairman have been included in the "against" total.

2. The Company's issued share capital (excluding treasury shares) at the date of the meeting was 26,315,319 ordinary shares of 0.2p each. Each ordinary share carries the right to one vote and, therefore, at the date of the meeting there were 26,315,319 voting rights in the Company.

3. A vote "withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

   4.     All percentages are shown to two decimal places. 

Anthony Wollenberg, Amit Tauman and Lord David Gold have therefore been appointed as directors of the Company with immediate effect and the information required to be published in accordance with Schedule Two (g) of the AIM Rules for Companies is set out in the Appendix to this announcement.

Enquiries:

For further information please contact:

 
 ADVFN PLC 
  Jonathan Mullins                      +44 (0) 203 8794 460 
 Beaumont Cornish Limited (Nominated 
  Adviser) 
  www.beaumontcornish.com 
 Roland Cornish/Michael Cornish         +44 (0) 207 628 3396 
 

Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred to in this announcement and its responsibilities as the Company's nominated adviser under the AIM Rules for Nominated Advisers are owed solely to London Stock Exchange plc and are not owed to the Company or to any Director or to any other person. Furthermore, Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this document or any matter referred to in it.

   A copy of this announcement will be available on the Group's   website: 

www.advfnplc.com

APPIX

INFORMATION ON THE NEW DIRECTORS

Mr Anthony Wollenberg

Anthony Wollenberg is an independent freelance solicitor (regulated by the SRA) specialising in securities, derivatives, gaming and the prosecution of fraud. During a long and distinguished legal career of over 45 years, Mr Wollenberg has held a number of senior roles at firms including Dentons, Salans and Rakisons (which he founded and which merged with Steptoe & Johnson). He has also acted as an arbitrator at the London Court of International Arbitration. In addition to his role as a solicitor, Mr Wollenberg has a significant corporate profile as a shareholder and director (and often founder and chairman) of a number of companies (one fully listed), predominantly within the betting/gaming industry. Of particular note, he is a founder shareholder and UK director of eToro, a major investment platform which is currently the subject of a US$8bn+ Nasdaq listing. eToro is regulated by the FCA and Mr Wollenberg is also regulated by the UK Gambling Commission.

Mr Amit Tauman

Amit Tauman (born in 1991) is an expert in artificial intelligence, reinforcement learning, algorithms and blockchain technology (applied to non-fungible tokens). He undertook a B.Sc. degree in mathematics and economics at Tel Aviv University, graduating in 2018 with distinction, following which he obtained an M.Sc. degree in mathematics and computer science (also with distinction) from the Weizmann Institute of Technology in Israel, with a particular emphasis on artificial intelligence. Mr Tauman was previously a research analyst focusing on biological computation and machine learning, and he is currently involved in building complex trading models using deep reinforcement learning and cutting-edge algorithms for automated stock trading.

Lord David Gold

Lord Gold is an English solicitor (admitted in 1975); a member of the House of Lords (since February 2011); Principal of David Gold & Associates (established in 2010) and Director of Gold Collins Associates (established in 2018); Chairman of the investment committee of Balance Legal Capital, a litigation funder (since its inception in 2015); and Chairman of ESCP Europe Business School (since 2018). He was also appointed as a corporate monitor by the US Department of Justice in respect of BAE Systems in 2010-2012, and has been a monitor for the UK Cabinet Office in respect of the Airbus Group since 2020.

As required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies, further disclosures on the proposed directors are as follows.

   1.            Mr. Wollenberg 

1.1 Anthony (Tony) Stephen Wollenberg, aged 72, has held the following directorships and/or partnerships in the past five years:

 
 Current directorships and/or           Past directorships and/or partnerships 
  partnerships 
-------------------------------------  ----------------------------------------- 
 eToro (UK) Limited                     Century Casino Bath Limited 
 Global Gaming Ventures (Bath)          City & Eastern Limited 
  Limited 
 Global Gaming Ventures (Group)         DDL167 Limited 
  Limited 
 Global Gaming Ventures (Southampton)   Global Gaming Ventures Guarantors 
  Limited                                Limited 
 Livia's Health Foods Limited           Global Gaming Ventures (RP) 
                                         Limited 
 Wondrous Holdings Limited              VGCH Limited 
                                        VGC Leeds Limited 
                                        VGC Developments Limited 
-------------------------------------  --------------------------------------- 
 
   1.2          Mr. Wollenberg holds no ordinary shares in the Company. 

1.3 Mr. Wollenberg was formerly a director of VGCH Limited, previously known as Global Gaming Ventures (Holdings) Limited, between November 2015 and May 2019. A receiver to VGCH Limited was appointed on 17 August 2017 by ABC Funding, LLC. The receiver ceased to act on 19 August 2019 and VGCH Limited continues in existence. There was no loss to creditors.

1.4 Mr. Wollenberg was appointed a director of Livia's Health Foods Limited("LHF") in September 2020. On 17 February 2022 the directors of LHF appointed administrators. The administrators completed a pre-pack sale of LHF's business and assets for an initial consideration of GBP355,000 together with a deferred consideration based on revenue valued at GBP100,000. It is possible that all creditors will, in due course, be paid in full. The administration is ongoing.

1.5 There is no further information on Mr. Wollenberg required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

   2.            Mr. Tauman 

2.1 Amit Endi Yosef Tauman, aged 30, has not held any directorships and/or partnerships in the past five years.

2.2 Mr. Tauman holds 2,045,230 ordinary shares in the Company, representing 7.83 per cent. of the issued share capital.

2.3 There is no further information on Mr. Tauman required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

   3.            Lord Gold 

3.1 David Laurence Gold (Lord Gold), aged 71, has held the following directorships and/or partnerships in the past five years:

 
 Current directorships and/or               Past directorships and/or partnerships 
  partnerships 
-----------------------------------------  --------------------------------------- 
 BLC1 FP LLP                                C5 Holdings (UK) Limited 
 Broadclyst Limited 
 David Gold & Associates LLP 
 Derwent Films LLP 
 ESCP Europe Corporate Services 
  Limited 
 ESCP Europe Business School 
 Gold Collins Associates Limited 
 Marylebone Capital Investments 
  Limited 
 Medway Films LLP 
 Mole Films LLP 
 Southend & Westcliff Hebrew Congregation 
 T0day Group Limited 
-----------------------------------------  --------------------------------------- 
 
   3.2          Lord Gold holds no ordinary shares in the Company. 

There is no further information on Lord Gold required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

S

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END

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