Alternative Networks chief sells nearly £1.5m-worth of shares

29th Oct 2014 16:35

Communications group Alternative Networks announced on Wednesday that the previous day its chief executive officer had sold nearly £1.5m-worth of shares in the group.Edward Spurrier first sold 3.47m of his shares to his and his wife's company, 7 SFI, which subsequently traded in 357,173 of these.The 415p-a-share deal reduced Spurrier's overall stake in the group to 3.11m, equal to 6.4% of the issued share capital.Alternative Networks earlier this month reported that its trading in the year to the end of September had been in line with its expectations, with a strong performance in its mobile division, with the subscriber base up 12% year-on-year.Top Director BuysAltitude Group (ALT) Director name: Mr Stephen YappAmount purchased: 170,000 @ 13.00p Value: £22,100Baron Oil (BOIL) Director name: Mr William ColvinAmount purchased: 1,000,000 @ 1.70p Value: £17,000Top Director SellsKingfisher (KGF) Director name: Mr Kevin O'ByrneAmount sold: 783,163 @ 294.72p Value: £2,308,138Alternative Networks (AN.) Director name: Mr Edward SpurrierAmount sold: 357,173 @ 415.00p Value: £1,482,268