REG-Alternative Networks Trading Update
Released: 01/10/2009

com:20091001:RnsA0092A
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RNS Number : 0092A  
  
Alternative Networks plc  
  
01 October 2009  
  
1 October, 2009  
  
Alternative Networks Plc   
  
("Alternative Networks" or the "Company")  
  
Trading Update, Share Repurchase Programme and Close Period  
  
Trading Update  
  
The Company expects to report results for the year ended 30th September 2009 in 
line with market expectations. The announcement of preliminary results for the 
year ended 30th September, 2009 is expected on 8th December 2009.  
  
Share Repurchase Programme  
  
Pursuant to the general authority given to the Company by shareholders, the 
Company announces that it intends to begin the purchase of its own ordinary 
shares ("Shares"). The maximum number of Shares which can be purchased is 
3,573,059 Shares at a maximum price of 5 per cent. above the average of the 
middle market quotation for the shares as taken from the Daily Official List of 
the London Stock Exchange ("LSE") for the five business days preceding the 
purchase (exclusive of expenses).  
  
After consultation with the LSE and in accordance with the Code of Market 
Conduct, the Company announces that it may deviate from the limit of 25 per 
cent. of the average daily trading volume over the last 20 trading days 
("Volume") up to a maximum of 50 per cent. of the Volume.   
  
In order to be able to buy back shares during the Company's Close Period, 
Alternative Networks PLC announces that it has entered into an irrevocable, 
non-discretionary programme with Investec Bank plc to purchase up to 1,000,000 
Ordinary Shares on its own behalf, for cancellation during its close period 
which commences on 9 October, 2009 and ends on 8 December 2009.  
  
Any acquisitions will be effected within certain pre-set parameters, and in 
accordance with both Alternative Networks general authority to repurchase shares 
and the terms of the associated waivers granted by the Takeover Panel (as 
previously approved by shareholders) in respect of the obligation of James 
Murray and his concert party to make a general offer under Rule 9 of the City 
Code on Takeovers and Mergers.   
  
ENQUIRIES:  
  
 
  Alternative Networks plc                  
  Edward Spurrier            0870 190 744   
  Chief Financial Officer                   
                                            
  Financial Dynamics         0207 831 3113  
  Juliet Clarke                             
  Haya Herbert-Burns                        
  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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