11th Feb 2015 10:48
Alternative Networks Plc
("Alternative Networks" or the "Company")
Placing of existing Ordinary Shares
Alternative Networks is pleased to announce that, finnCap, as the Company's joint broker, has conducted a placing of 1,344,670 existing ordinary shares of 0.125p in the Company (the "Placing Shares" and the "Placing") with new and existing institutional investors.
The Placing Shares have been sold on behalf of certain directors of the Company. The Placing Shares were sold at a price of 480 pence per share and represent, in aggregate, 2.7 per cent. of the issued share capital of Alternative Networks.
Subsequent to the Placing, the Directors revised total beneficial interests in the Company are set out below.
Director | Placing Shares sold | Resultant shareholding | ||
Number of Ordinary Shares | % of issued share capital | Number of Ordinary Shares | % of Enlarged Share Capital | |
James Murray | 672,335 | 1.35 | 14,344,488 | 28.9 |
Edward Spurrier | 672,335 | 1.35 | 3,076,065 | 6.2 |
Enquiries:
Alternative Networks Edward Spurrier Gavin Griggs |
Chief Executive Officer Chief Financial Officer | Tel: 0870 190 7444 |
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finnCap Ltd (Joint Broker) Stuart Andrews Victoria Bates |
| Tel: 020 7220 0500 |
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Investec Bank plc (Nominated Adviser and Joint Broker) Patrick Robb / Carlton Nelson |
| Tel: 0207 597 5970 |
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Pelham Bell Pottinger Archie Berens |
| Tel: 0207 337 1509 |
Related Shares:
AN..L