16 May 2016 11:44
AVANTI COMMUNICATIONS GROUP PLC
Director Shareholding
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Avanti Communications Group plc, a leading provider of satellite data communications services in Europe, the Middle East and Africa, has been informed that David Williams, Chief Executive, purchased 5,434 ordinary shares in the Company at a price of 91.5 pence per ordinary share on 16 May 2016. Following this transaction, Mr Williams now holds a total interest of 1,709,144 ordinary shares in the Company, being approximately 1.2% of the issued ordinary share capital of the Company.
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For further information please contact:
Avanti: Matthew Springett, +44 (0)207 749 6703
Montfort: Nick Miles / James Olley, +44 (0)203 770 7909
Redleaf: Hannah Nicolas, +44 (0)207 382 4734
Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44 (0)207 397 8900
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Notes to editors
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About Avanti Communications
Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.
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Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7bn people.
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The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring.
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Avanti has a unique Cloud based customer interface that is protected by patented technology.
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The Group has three satellites in orbit and a further two fully funded satellites under construction.
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Avanti Communications is listed in London on AIM (AVN:LSE).
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www.avantiplc.com