26 Feb 2018 17:48
26 February 2018
Avanti Communications Group PLC("Avanti" or the "Company")
Director/PDMR Shareholding
The Company notifies that, on 26 February 2018, David Bestwick, Technical Director of the Company, sold 200,000 ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") at a price of 10.35 pence per share, and repurchased 200,000 Ordinary Shares at a price of 11.15 pence per share, in order to transfer the shares between legal holdings. There is no change to the total number of shares held by Mr Bestwick as a result of these transactions.
Following the sale and repurchase, Mr Bestwick holds 1,301,954 Ordinary Shares, representing approximately 0.80% of the Company's issued share capital.
Enquiries
Avanti | Nigel Fox, Patrick Willcocks Tel: +44 20 7749 1600 |
Cenkos Securities (Nomad) | Max Hartley, Nicholas Wells Tel: +44 207 397 8900 |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | David Bestwick | |||
2 | Reason for the notification | ||||
a) | Position/status | Technical Director | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Avanti Communications Group PLC | |||
b) | LEI | 549300HBCQ8RE3DZBB14 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |||
Identification code | ISIN: GB00B1VCNQ84 | ||||
b) | Nature of the transaction | Sale and repurchase of ordinary shares (to effect a transfer between legal holdings) | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Sale at 10.3p Sale at 10.4p | 100,000 100,000 | ||||
Purchase at 11.2125p Purchase at 11.0809p | 100,000 100,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | Sale - 100,000 Purchase - 100,000 | ||||
- Price | Sale at 10.35p Purchase at 11.1467p | ||||
e) | Date of the transaction | 26 February 2018 | |||
f) | Place of the transaction | London Stock Exchange (XLON) | |||