Alternative Networks plc Placing of existing Ordinary Shares (6277E)
11 February 2015 - 9:48PM
UK Regulatory
TIDMAN.
RNS Number : 6277E
Alternative Networks plc
11 February 2015
Alternative Networks Plc
("Alternative Networks" or the "Company")
Placing of existing Ordinary Shares
Alternative Networks is pleased to announce that, finnCap, as
the Company's joint broker, has conducted a placing of 1,344,670
existing ordinary shares of 0.125p in the Company (the "Placing
Shares" and the "Placing") with new and existing institutional
investors.
The Placing Shares have been sold on behalf of certain directors
of the Company. The Placing Shares were sold at a price of 480
pence per share and represent, in aggregate, 2.7 per cent. of the
issued share capital of Alternative Networks.
Subsequent to the Placing, the Directors revised total
beneficial interests in the Company are set out below.
Director Placing Shares sold Resultant shareholding
----------------- ---------------------------------- ----------------------------------
Number of % of issued Number of % of Enlarged
Ordinary Shares share capital Ordinary Shares Share Capital
----------------- ----------------- --------------- ----------------- ---------------
James Murray 672,335 1.35 14,344,488 28.9
----------------- ----------------- --------------- ----------------- ---------------
Edward Spurrier 672,335 1.35 3,076,065 6.2
----------------- ----------------- --------------- ----------------- ---------------
Enquiries:
Alternative Networks Chief Executive Officer Tel: 0870 190 7444
Edward Spurrier Chief Financial Officer
Gavin Griggs
finnCap Ltd (Joint Tel: 020 7220 0500
Broker)
Stuart Andrews
Victoria Bates
Investec Bank plc Tel: 0207 597 5970
(Nominated Adviser
and Joint Broker)
Patrick Robb / Carlton
Nelson
Pelham Bell Pottinger Tel: 0207 337 1509
Archie Berens
This information is provided by RNS
The company news service from the London Stock Exchange
END
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