13th Nov 2014 17:50
13 November 2014
Alternative Networks plc("Alternative Networks" or the "Company")
Director / PDMR Shareholding
Alternative Networks was today informed that on 12 November 2014, Capita IRG Trustees Limited, as trustee of the Company's HM Revenue & Customs approved All Staff Share Incentive Plan (the "SIP"), acquired ordinary shares of 0.125 pence each in the Company ("Partnership Shares") on behalf of the following Directors. Additionally, in accordance with the terms of the SIP, the following Directors were duly awarded one Matching Share for every two Partnership Shares purchased.
DDirector | No. of Partnership Shares purchased | Purchase price of each Partnership Share | Resultant total shareholding | Resultant total shareholding (%) | No. of Matching Shares awarded | ||
Gavin Griggs | 34 | 435p | 3,529 | 0.01 | 17 | ||
Mark Quartermaine | 34 | 435p | 34 | 0.00 | 17 |
The Matching Shares will vest on the third anniversary of the date of the award subject to continued employment for those three years and the Partnership Shares being held throughout the same period.
The SIP is run independently by Capita IRG Trustees Limited, who on a monthly basis, purchase the Partnership Shares in the open market on behalf of employees participating in the SIP. The Matching Shares are satisfied by the allotment of new ordinary shares to the trust. As potential beneficiaries, the above Directors are deemed to have a potential beneficial interest in the trust's shares.
Enquiries:
Alternative Networks
Edward Spurrier, Chief Executive Officer 0870 190 7444
Gavin Griggs, Chief Financial Officer
Investec Bank PLC- Nominated Adviser and Joint Broker 020 7597 5970
Patrick Robb / Carlton Nelson/Andrew Pinder
finnCap Limited- Joint Broker 020 7220 0565
Stuart Andrews/Charlotte Stranner
Pelham Bell Pottinger 07802 442486
Related Shares:
AN..L