ADVFN PLC Corporate update (1630M)
January 10 2023 - 2:00AM
UK Regulatory
TIDMAFN
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
Amit Tauman (CEO) +44 (0) 203 8794 460
Beaumont Cornish Limited (Nominated
Adviser)
Michael Cornish
Roland Cornish +44 (0) 207 628 3396
Peterhouse Capital Limited
(Broker)
Eran Zucker / Lucy Williams
/ Rose Greensmith +44 (0) 207 469 0930
ENDS
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDFKLLBXFLFBBB
(END) Dow Jones Newswires
January 10, 2023 02:00 ET (07:00 GMT)
Advfn (LSE:AFN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Advfn (LSE:AFN)
Historical Stock Chart
From Nov 2023 to Nov 2024