7th Jul 2011 15:07
7 July 2011
Alternative Networks plc ("The Company")
Issue of new Ordinary Shares
The Company announces that application has been made to the London Stock Exchange for admission of 23,403 ordinary shares of 0.125 pence each (the "Ordinary Shares"). Admission of the Ordinary Shares is expected to take place on 13 July 2011.
The Ordinary Shares will be allotted to certain employees, and form part of the deferred consideration in relation to the acquisition, of Scalable Communications PLC as announced by the Company on 2 October 2010.
They will be issued credited as fully paid and will rank pari passu with the existing ordinary shares of the Company.
Enquiries:
Alternative Networks plc | 0870 190 7444 |
James Murray, Chief Executive Officer Edward Spurrier, Chief Financial Officer | |
Investec | 0207 597 5970 |
Martin Smith Patrick Robb | |
Pelham Bell Pottinger | 0207 337 1509 |
Archie Berens Francesca Tuckett |
Related Shares:
AN..L