ADVFN PLC Acquisition of www.financemanila.net

"ADVFN is pleased to announce that it has entered into an agreement (the 'Asset Purchase Agreement') for the acquisition of the website, financemanila.net for a consideration of PHP6 million payable as PHP2.5 million in cash and PHP3.5 million in new ADVFN shares of 1p each (equating to a total consideration of approximately GBP92,658.37 based on an exchange rate as at 5 July 2013 of GBP1 = PHP 64.754, being the latest practicable business day before this announcement). Financemanila.net is a leading Philippine based online investment community website, which has over 2 million page views a month."

Source: http://online.wsj.com/article/BT-CO-20130708-700378.html