AVN.L Regulatory News (AVN)

19 Dec 2007 15:41

Avanti Communications Group Plc19 December 2007 Date: 19 December 2007 On behalf of: Avanti Communications Group plc ("Avanti" or "the Company") Immediate Release Avanti Communications Group plc • Director Dealing - CEO Avanti Communications Group Plc (AIM: AVN), the satellite operator, was todaynotified by David Williams, Chief Executive, that he had transferred 113,000ordinary shares in the Company at a price of 168p per share into his personalpension. This transaction has no effect on David Williams' beneficialownership; he continues to hold a total direct and indirect voting rightinterest in 1,451,547 ordinary shares in the Company, being approximately 5.24%of the issued ordinary share capital of Avanti Communications of 27,708,503ordinary shares of 1p each. - Ends - Enquiries to: Avanti Communications Group plc http://www.avanti-communications.com/David Williams 020 7749 1600 Redleaf Communications Ltd http://www.redleafpr.com/Emma Kane/Samantha Robbins/Adam Leviton 020 7822 0200 sr@redleafpr.com Hoare GovettJustin Jones/Hugo Fisher 020 7678 8000 Notes to Editors: About Avanti Communications - Avanti Communications Group's shares were admitted to AIM on 16 April2007; - Avanti Communications Group is the only licensed Fixed SatelliteServices operator headquartered in the UK (and one of only eight such groupsoperating in Europe); - Avanti is licensed to provide satellite services using spectrum whichprovides coverage of Europe, India, The Middle East, Central Asia, Africa andthe Americas. - Avanti's first satellite, called HYLAS is under construction and due forlaunch in 2009; the company plans further satellite projects; - Avanti, which has over 10 years' experience in the satellite industry,currently provides satellite data communications services to customers in Europeusing leased satellite capacity which it will transfer to HYLAS on launch; - It's customers include broadband service providers, large businesses,the British and foreign governments, the European Union and the European SpaceAgency; - The core applications for which Avanti expects HYLAS capacity to be usedare broadband, corporate data networks, video distribution and military/security; - No further funding is required for the HYLAS project followingsuccessful completion of a long term debt facility in July 2007. This information is provided by RNS The company news service from the London Stock Exchange