20 January 2018
visit www.ebaday.com

ADVFN to acquire equity research firm

21 November 2005  |  1578 views  |  0 Source: ADVFN

ADVFN is pleased to announce that it has agreed terms, subject to contract and inter alia FSA approval of the proposed change of control, with the board of Equity Holdings Limited (EH) for the purchase of the entire issued share capital of EH for an aggregate consideration of up to £1,500,000 to be satisfied by a payment at completion of £500,000 in cash and ADVFN new ordinary shares and a deferred consideration by reference to the turnover of EH in the three financial periods ending 30 June 2008.

Further announcements as to the timing of completion of the transaction will be made in due course.

Clem Chambers, CEO ADVFN, said "Equity Development is a well respected brand in the equity research segment. Equity Development's regulated offering and ADVFN's broad distribution fit well together and should offer significant opportunities for both platforms."

Brian Basham, Chairman of Equity Holdings, said: "It is eight years since Equity Development was established. It was an idea ahead of its time, but the concept of issuer-financed research is now firmly established and welcomed by the investment community. Equity Development has now developed a brand that is widely recognised for quality and objectivity. We look forward to working with ADVFN to further expand Equity Development."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.vasco.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
12528 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
7916 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
7771 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
6898 views 1 | 6 tweets | 2 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job