19th Jun 2013 16:22
Alternative Networks plc
19 June 2013
Alternative Networks plc ("Alternative Networks" or the "Company")
Exercise of options pursuant to the "Value Creation Plan" long term management incentive scheme, which were granted on 9 March 2012.
The Board of Alternative Networks announces that the following Directors have each sold shares and subsequently exercised options as follows. The shares were sold at 319.06 pence per ordinary share.
Total beneficial % of issued
Number Number holding of Ordinary Share
of options of shares Shares following Capital
Name exercised sold exercise
--------------- ----------- --------- ------------------ ----------
Edward Spurrier 873,957 324,000 3,040,602 6.2%
--------------- ----------- --------- ------------------ ----------
Jim Sewell 776,446 231,000 2,441,114 4.9%
--------------- ----------- --------- ------------------ ----------
James Murray 453,933 - 15,012,038 30.4%
Enquiries:
Alternative Networks plc
James Murray, Chief Executive
Officer
Edward Spurrier, Chief Financial
Officer
Investec 0207 597 5970
Patrick Robb
Related Shares:
AN..L