18th Feb 2005 08:01
Alternative Networks18 February 2005 Alternative Networks plc ("Alternative" or the "Company") First day of Dealings on AIM Alternative is pleased to announce the commencement of trading in its shares onAIM (ticker AN.). Prior to Admission, Alternative was the leading privately owned UK independent,business to business telecoms reseller. The Company offers a broad suite oftelecoms products including mobile, fixed line and data products to higherspending UK SME and small corporate customers. At the issue price of 100 pence per share, the Company has raised £3.3 million(net of expenses) through an institutional placing. On admission and at theplacing price the market capitalisation will be approximately £44.3 million. Investec Investment Banking and Securities is the Nominated Adviser and Brokerto the Company. Placing statistics Placing Price 100pNumber of ordinary shares in issue on Admission 44,345,200Net proceeds of the Placing receivable by the Company £3.3 millionPercentage of the enlarged share capital placed 28.6 per centMarket capitalisation of the Company following the Placing at the Placing Price £44.3 millionimmediately following Admission 18 February 2005 For further details: Alternative Networks plc 0870 190 7444James Murray, Chief Executive OfficerEd Spurrier, Chief Financial Officer Investec Investment Banking & Securities 020 7597 5000Chris Godsmark/Martin Smith College Hill 020 7457 2020Adrian Duffield/Corinna Dorward Investec Investment Banking, a division of Investec Bank (UK) Limited which isauthorised and regulated by the Financial Services Authority, is acting forAlternative Networks plc in connection with the proposed admission of theCompany to trading on the AIM market of the London Stock Exchange plc and is notacting for any person other than Alternative Networks plc and will not beresponsible to any other person than Alternative Networks plc for providing theprotections afforded to its customers or for providing advice to any otherperson in connection with the proposed admission to trading. This announcement shall not, and no part of it shall, constitute or form part ofany offer for sale or subscription, or any solicitation of any such offer, norshall it, or any part of it, form the basis of or be relied upon in connectionwith any contract or commitment whatsoever. Any eventual acquisition of, orapplication for, shares in Alternative Networks plc should be made solely on thebasis of information contained in a formal admission document relating toAlternative Networks plc issued in connection with its proposed admission totrading. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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