ADVFN PLC

Delisting Announcement • Aug 15, 2023

National Storage Mechanism | Additional information

RNS Number : 4205J

ADVFN PLC

15 August 2023

15 August 2023

For immediate release

ADVFN PLC

("ADVFN" or the "Company")

Corporate update

As previously announced in the trading update in June earlier this year, the Company has made significant progress in addressing legacy constraints and complexities which required substantial investment in technology and infrastructure, and a change in leadership, and organisational structure.

As part of those changes, and with a focus on the Company's core ADVFN platform, the Board decided to wind down ALL IPO's operations as it has had minimal activity and had been unprofitable. All IPO has now ceased all regulated activities and off-boarded clients and, subsequently at the Company's request, All IPO's Part IV permission has been cancelled by The Financial Conduct Authority (FCA). The winding down of ALL IPO follows similar decisions to close fotothing, MJAC and other dormant subsidiaries.

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

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged for the release of this announcement on behalf of the Company was Amit Tauman, Director.

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

UPDBLGDIISBDGXU