29th Oct 2012 12:00
29 October 2012
Alternative Networks plc ("Alternative Networks" or the "Company")
CHANGE IN SHAREHOLDINGS
The Company announces that following the result of the Tender Offer, which was announced on 26 October 2012, the interests of certain Directors in the ordinary shares of 0.125 pence each in the capital of the Company ("Ordinary Shares") have changed as a result of their participations in the Tender Offer as follows:
Director | Ordinary Shares disposed | Resultant interest in Ordinary Shares | Resultant interest in Ordinary Shares (%) |
Ben Marnham | 306,881 | 1,236,499 | 2.7 |
Jim Sewell | 47,212 | 1,895,668 | 4.1 |
Edward Spurrier | 47,212 | 2,490,645 | 5.4 |
All of the Shares were disposed of at the Tender Offer Price of 251 pence per Ordinary Share.
Terms used in this announcement and not otherwise defined herein have the same meanings given in the circular containing the formal terms and conditions of the Tender Offer sent to Shareholders on 11 October 2012.
Enquiries:
Alternative Networks plc 020 7801 7156
James Murray, Chief Executive Officer
Edward Spurrier, Chief Financial Officer
Investec Bank plc 020 7597 5970
Patrick Robb
Andrew Pinder
Pelham Bell Pottinger 020 7861 3112 / 07802 442 486
Archie Berens
Related Shares:
AN..L