8 January 2015
Alternative Networks plc
("Alternative Networks" or the "Company")
Director / PDMR Shareholding
Alternative Networks announces that a lien on shares held in the Alternative Networks Employee Benefit Trust ("EBT") given in favour of the trustees has now been released following the repayment of the Company loan of £277,020 by Mr Edward Spurrier. The EBT has now entered into a deed of release such that the 638,400 shares which were held for Mr Spurrier's benefit within the Trust will be transferred and held absolutely by Mr Spurrier.
As these shares were already disclosed as part of Mr Spurrier's holding, there is no change in his aggregate shareholding.
The remaining 1,330,654 shares in the EBT are to be used for future Employee Share awards. To date, 376,955shares have been granted but no awards have vested. The remaining remain 953,699 unallocated.
Enquiries:
Alternative Networks
Edward Spurrier, 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/Charlotte Stranner
Pelham Bell Pottinger 07802 442486
Archie Berens
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