18th Aug 2008 07:00
18 August 2008
Alternative Networks Plc ("Alternative Networks" or the "Company")
General Share Buy-back
Pursuant to the general authority given to the Company by shareholders at a general meeting on 24 July 2008, the Company announces that it intends to begin the purchase of its own ordinary shares ("Shares"). The maximum number of Shares which can be purchased is 4,771,162 Shares at a maximum price of 5 per cent. above the average of the middle market quotation for the shares as taken from the Daily Official List of the London Stock Exchange ("LSE") for the five business days pre-ceeding the purchase (exclusive of expenses).
After consultation with the LSE and in accordance with the Code of Market Conduct, the Company announces that it may deviate from the limit of 25 per cent. of the average daily trading volume over the last 20 trading days ("Volume") up to a maximum of 50 per cent. of the Volume.
ENQUIRIES:
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Alternative Networks plc |
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Edward Spurrier |
0870 190 744 |
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Chief Financial Officer |
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Financial Dynamics |
0207 7831 3113 |
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Juliet Clark |
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|
Haya Chelhot |
Related Shares:
AN..L