17 Sep 2015 07:00
17 September 2015
Avanti Communications Group plc
PDMR / Director Shareholding
Avanti Communications Group plc (AIM: AVN), the satellite operator has been informed that Andrew Green, non-executive Director, purchased 21,888 ordinary shares in the Company at a price of 218 pence per ordinary share on 16 September 2015. Following this transaction, Andrew Green now holds a total direct and indirect voting right interest in 21,888 ordinary shares in the Company, being approximately 0.015% of the issued ordinary share capital of the Company.
--ENDS--
For further information please contact:
Avanti: Matthew Springett, +44 (0)207 749 6703
Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44 (0)207 397 8900
Montfort: Nick Miles / James Olley, +44 (0)203 770 7909
Redleaf: Hannah Nicolas, +44 (0)207 382 4734
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 150 partners in 118 countries, the network provides ubiquitous internet service to 27 per cent of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.
Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum that cover an end market of over 1.5bn people. The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring. Avanti has a unique Cloud based flexible customer interface that is protected by patented technology.
The Group has three satellites in orbit and a further two fully funded satellites under construction. Avanti Communications is listed in London on AIM (AVN:LSE).