18th Jul 2013 14:50
18 July 2013
Alternative Networks plc ("Alternative Networks" or the "Company")
Directors' Interests
The Board of Alternative Networks announces that on 17 July 2013, the following Directors each sold ordinary shares of 0.125p each in the Company ("Ordinary Shares") subsequent to the exercise of options under the "Value Creation Plan" long term management incentive scheme announced on 19 June 2013. In addition, Edward Spurrier has today exercised further options under the same scheme. The shares were sold at 290.00 pence per ordinary share.
Name | Number of options exercised | Number of shares sold | Total beneficial holding of Ordinary Shares following transaction | % of issued shares capital |
Edward Spurrier | 225,000 | 275,000 | 2,989,927 | 6.1 |
Jim Sewell | - | 100,000 | 2,341,789 | 4.8 |
James Murray | - | 225,000 | 14,787,038 | 30.3 |
(1) The above total beneficial holding includes a correction to the announcement made on 19 June 2013 (RNS 4278H) in which Edward Spurrier's beneficial holding was overstated by 675 Ordinary Shares and Jim Sewell's beneficial holding was understated by 675 Ordinary Shares.
Enquiries:
Alternative Networks 0870 190 7444
James Murray, Executive Chairman
Edward Spurrier, Chief Executive Officer
Gavin Griggs, Chief Financial Officer
Investec Bank plc 0207 597 5970
Andrew Pinder
Carlton Nelson
Related Shares:
AN..L