23rd Feb 2016 15:54
Alternative Networks plc
('the Company' or 'Alternative')
Grant of options
Alternative, a leading provider of IT to businesses from device to datacentre, announces the following grant of options over ordinary shares of 0.125 pence each ("Ordinary Shares") to certain Executive Directors of the Company pursuant to the Alternative Networks plc Long-Term Retention Plan established on 4 February 2015 (the "LTRP"):
Director | No. of Options | Exercise price (p) | Total number of options following grant |
Gavin Griggs | 55,000 | Nil | 212,332 |
Mark Quartermaine | 79,000 | Nil | 189,536 |
The above options were granted on 23 February 2016 and vest on 5 January 2019, subject to certain performance conditions having been met in the three years ending 30 September 2018. The above awards will be satisfied using existing Ordinary Shares held in the Alternative Networks Limited Employee Benefit Trust ("EBT").
Enquiries:
AlternativeMark Quartermaine, Chief Executive OfficerGavin Griggs, Chief Financial Officer
| 0870 190 7444 |
Investec Bank PLC - Nominated Adviser and Joint Broker Patrick Robb / Carlton Nelson / Andrew Pinder | 020 7597 5970 |
finnCap Limited - Joint Broker Stuart Andrews
| 020 7220 0565 |
Bell Pottinger Elly Williamson / Anna Legge | 020 3772 2500 |
Notes to Editors
Alternative provides IT and telecommunications solutions to businesses, covering the full spectrum of products and services from device to datacentre. Alternative's products and services include: cloud computing, virtualisation, managed hosting, fixed line voice, mobile, systems, IP networks and complex billing software solutions.
The Company possesses close working relationships with most of the world's leading product and service vendors, providing customers with access to the latest technologies and the commercial advantages of choice.
Alternative is aligned to the business outcomes customers desire. Each solution is designed with the customer, with full visibility and control at all times and underpinned by end to end accountability. The Company supports a wide variety of customers, from legal, professional and financial services, healthcare, higher education and multi-national operations, to mission public services, all of which rely on effective and dependable technology.
Alternative has grown both organically and through strategic acquisitions. The management team has identified the businesses it has acquired to meet the needs of a rapidly developing market and increasingly demanding and discerning customers.
www.alternativenetworks.com
Related Shares:
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