19 January 2015

Alternative Networks plc
("Alternative Networks" or the "Company")

Director / PDMR Shareholding

Alternative Networks announces that following consultation with its largest shareholders, the Company has adopted a new Long Term Reward Plan ("LTRP") as a replacement for the existing Long Term Incentive Plan.  The Company's Remuneration Committee has today awarded options to certain Directors under the LTRP.

Eligibility
The Company's Remuneration Committee will determine who will participate in the LTRP and may extend participation to any employee (including Executive Directors) of Alternative Networks or its subsidiaries.  It is expected that participants will include the Executive Board (including all executive directors except the Executive Chairman), senior managers and other key selected staff.

Individual limits
In normal circumstances, awards may not be granted to a participant under the LTRP over Ordinary Shares in the Company of 0.125p each ("Ordinary Shares") with a market value in excess of 200 per cent of that participant's base salary for the relevant financial year of Alternative Networks. In exceptional circumstances, awards may be granted to a participant under the LTRP over Ordinary Shares with a market value in excess of 300 per cent of that participant's base salary for the relevant financial year.

Terms of awards
Under the LTRP, awards will be granted in the form of a nil-cost option. Awards may be satisfied with newly-issued shares, treasury shares or shares purchased in the market. The Remuneration Committee may also decide to settle the awards in cash. The awards will usually vest and become exercisable on the third anniversary of the date of grant.

Plan limits
Where awards are satisfied with newly issued shares or shares transferred from Treasury, there is a rolling limit of 10% in 10 years, excluding any dilution prior to 8 February 2013.

Performance conditions
Awards will generally only vest and become exercisable subject to the satisfaction of performance conditions determined by the Remuneration Committee on or prior to the date of grant.

Awards granted in 2015 shall be subject to the following performance conditions:

·      EBITDA and free cash flow performance over a one-year period (up to 50% of the award for each), and;

·      in the case of awards granted to Executive Directors and other selected participants, an additional EPS performance condition measured over a three-year period which has to be met for awards held by these participants to vest.

The following Directors have today been granted awards under the LTRP.

Purchase of Ordinary Shares

On 19 January 2014 Mark Quartermaine purchased 2,467 Ordinary Shares. Subsequent to this purchase, Mr. Quartermaine has an interest in 2,467 Ordinary Shares, representing 0.01% of the Company's issued share capital. 

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