Alternative Networks plc Director/PDMR Shareholding (5172H)
16 March 2015 - 9:03PM
UK Regulatory
TIDMAN.
RNS Number : 5172H
Alternative Networks plc
16 March 2015
16 March 2015
Alternative Networks plc
("Alternative Networks" or the "Company")
Director / PDMR Shareholding
Alternative Networks was today informed that on 13 March 2015,
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.
Purchase price
of each Resultant
No. of Partnership Partnership Resultant total shareholding No. of Matching
Director Shares purchased Share total shareholding (%) Shares awarded
Gavin Griggs 31 488p 3,651 0.01 16
Mark Quartermaine 31 488p 2,623 0.01 16
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.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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