Source - RNS
RNS Number : 5763M
Alternative Networks plc
14 October 2016

14 October 2016

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

Director / PDMR Shareholding

Alternative Networks was today informed that on the 12 October 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 Partnership Shares purchased

Purchase price of each Partnership Share

Resultant total shareholding

Resultant total shareholding (%)

No. of Matching Shares awarded

Gavin Griggs






Mark Quartermaine








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.




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

Related Charts

Alternative Networks (AN.)

-5.75p (-1.99%)
delayed 08:48AM