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RNS Number : 5938B
Alternative Networks plc
08 January 2015
 



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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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