REG - ADVFN PLC - Corporate update

ADVFNAnnouncement

10/01/2023 07:00

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RNS Number : 1630M  ADVFN PLC  10 January 2023

For immediate release

10 January 2023

 

ADVFN plc

("ADVFN" or the ''Company'')

Corporate update

 

The Board of ADVFN is pleased to announce that it has been informed that the
Financial Conduct Authority ("FCA") has now decided to approve Amit Tauman,
together with his father Yair Tauman, holding up to 29.9 per cent. of the
Company's issued share capital (the "FCA Approval").

As announced on 6 January 2023, Amit Tauman and Yair Tauman's applications for
Open Offer Shares were scaled back pending FCA Approval with the issue of the
balance of 1,057,576 Open Offer Shares subscribed by each of Amit Tauman and
Yair Tauman respectively conditional upon the receipt of the FCA Approval.
Accordingly, as FCA Approval has now been received, these outstanding Offer
Shares can now be issued to Amit Tauman and Yair Tauman pursuant to their
applications under the Open Offer.

As previously announced the Company is also in discussions with new investors
who indicated an interest in subscribing at the issue price of 33p per Open
Offer Share for the balance of Open Offer Shares which were not subscribed for
under the Open Offer and a further announcement will be made in due course.

All capitalised/defined terms used in this announcement and not otherwise
defined shall have the meanings given to them in the Circular issued on 6
December 2022.

A copy of this announcement is available on the Company's website,
www.advfnplc.com.

For further information please contact:

 ADVFN plc                                       +44 (0) 203 8794 460

 Amit Tauman (CEO)
 Beaumont Cornish Limited (Nominated Adviser)    +44 (0) 207 628 3396

 Michael Cornish

 Roland Cornish
 Peterhouse Capital Limited (Broker)             +44 (0) 207 469 0930

 Eran Zucker / Lucy Williams / Rose Greensmith

ENDS

 

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