21st Jun 2013 11:25
Alternative Networks plc
("Alternative Networks" or the "Company")
Grant of options
Alternative Networks 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 Incentive Plan established on 8 February 2013 (the "LTIP"):
Director | No. of Options | Exercise price (p) | Total number of options following grant |
Gavin Griggs | 34,920 | Nil | 34,920 |
The above options were granted on 18 June 2013 and can be exercised, subject to certain performance conditions having been met in the three years ended 30 September 2015. The above awards will be satisfied using existing Ordinary Shares held in the Alternative Networks Limited Employee Benefit Trust ("EBT").
Enquiries:
Alternative Networks 0870 190 7444
James Murray, Executive Chairman
Edward Spurrier, Chief Executive Officer
Gavin Griggs, Chief Financial Officer
Investec 0207 597 5970
Patrick Robb / Carlton Nelson
Pelham Bell Pottinger 0207 337 1509
Archie Berens
Related Shares:
AN..L