Alternative Networks plc Director/PDMR Shareholding (1980E)

TIDMAN.

RNS Number : 1980E

Alternative Networks plc

14 July 2016

14 July 2016

Alternative Networks plc

("Alternative Networks" or the "Company")

Director / PDMR Shareholding

Alternative Networks was today informed that on the 12 July 2016, Capita IRG Trustees Limited, as trustee of the Company's HM Revenue & Customs approved All Staff Share Incentive Plan (the "SIP"), acquired ordinary shares of 0.125 pence each in the Company ("Partnership Shares") on behalf of the following Directors. Additionally, in accordance with the terms of the SIP, the following Directors were duly awarded one Matching Share for every two Partnership Shares purchased.

 
                    No. of        Purchase 
                     Partnership   price of          Resultant      Resultant 
                     Shares        each Partnership   total          total shareholding  No. of Matching 
DDirector            purchased     Share              shareholding   (%)                  Shares awarded 
Gavin Griggs        55            GBP2.7100          4,231          0.01                 28 
Mark Quartermaine   55            GBP2.7100          3,203          0.01                 28 
 

The Matching Shares will vest on the third anniversary of the date of the award subject to continued employment for those three years and the Partnership Shares being held throughout the same period.

The SIP is run independently by Capita IRG Trustees Limited, who on a monthly basis, purchase the Partnership Shares in the open market on behalf of employees participating in the SIP. The Matching Shares are satisfied by the allotment of new ordinary shares to the trust. As potential beneficiaries, the above Directors are deemed to have a potential beneficial interest in the trust's shares.

Enquiries:

Alternative Networks

   Mark Quartermaine, Chief Executive Officer                             0870 190 7444 

Gavin Griggs, Chief Financial Officer

   Investec Bank PLC- Nominated Adviser and Joint Broker           020 7597 5970 

Patrick Robb / Carlton Nelson/Andrew Pinder

   finnCap Limited- Joint Broker                                                  020 7220 0565 

Stuart Andrews

Bell Pottinger 020 37722573

Elly Williamson/Archie Berens

This information is provided by RNS

The company news service from the London Stock Exchange

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July 14, 2016 05:29 ET (09:29 GMT)