REG - ADVFN PLC - Director/PDMR Shareholding

ADVFNAnnouncement

30/12/2020 12:40

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












Original grant date


M Hodges


C Chambers


 J Mullins


M Collom


Pre-amendment exercise price per share


Amended exercise price per 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/
status 
 
 


1. Chairman
2. Chief Executive
3. Director
4. Director




b) 
 


Initial notification /Amendment 
 


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 of the financial instrument, type of instrument 


Options over Ordinary Shares of 0.2p each ("Ordinary Shares")














Identification code 


GB00BPT24C10
 














b) 
 


Nature of the transaction 


Amendment of exercise price of options over Ordinary Shares




c) 
 


Price(s) and volume(s) 









Director


Price payable on exercise of option


Volume(s) 
 




Michael Hodges


£0.14


371,473




Clem Chambers


£0.14


411,473




Jonathan Mullins


£0.14


240,000




Matthew Collom


£0.14


200,000








































d) 
 


Aggregated information 


















- Aggregated volume


1,222,946 options over Ordinary Shares














- Price


Price payable on exercise of option - UK£0.14














e) 
 


Date of the transaction 
 


29 December 2020




f) 
 


Place of the transaction 
 


Outside a trading venue



 
 
ENDS

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