ADVFN plc (LON:AFN), a global stocks, shares and crypto information website providing financial tools and data to private investors, announces that, after 22 years of service with the company, Michael Hodges is stepping down from his position as a director and Chairman with immediate effect.

Michael Hodges will also resign from his group directorships other than in respect of the Company’s wholly-owned subsidiary, All IPO Plc, until a suitable replacement has been identified.

Co-founder of ADVFN plc, Michael Hodges has over 36 years experience in computer software development and publishing, while working with multi-user and internet projects for many years.

He co-founded Online Blockchain plc, ADVFN plc and All IPO plc. At ADVFN, Hodges had responsibility for exchange liaison, all legal and contractual issues and general business development. He was a member of the audit committee and of the remuneration committee.

Also today, ADVFN announced that Thomas Spiller has stepped down from his position as non-executive director of the company with immediate effect.

Lord Gold, a non-executive director of ADVFN, will become the non-executive Chairman of the company.

In addition to the Board changes, the Company has today cancelled all share options currently held by directors (including those held by Michael Hodges) amounting to 1,251,473 options.