AVN.L Regulatory News (AVN)

1 Aug 2007 13:52

Avanti Communications Group Plc01 August 2007 Date: 1 August 2007 On behalf of: Avanti Communications Group plc ("Avanti Communications") For immediate release Avanti Communications Group plcVoting Rights & Capital In conformity with the Transparency Directive's Transitional Provision 6, AvantiCommunications would like to notify the market of the following: Avanti Communications issued capital comprises 30,922,065 ordinary shares of 1pence each. The trustees of the EBT hold 3,213,562 shares and have waived theirvoting rights. The remaining 27,708,503 shares carry voting rights. Shareholders should use 27,708,503 as the denominator for the calculations bywhich they will determine if they are required to notify their interest in, orchange to their interest in, Avanti Communications under the FSA's Disclosureand Transparency Rules. Enquiries: Avanti Communications Group plc 020 7749 1600David Williams, Chief Executivewww.avanti-communications.com Hoare Govett 020 7678 8000Justin Jones, Hugo Fisher Redleaf Communications 020 7822 0200Emma Kane/Samantha Robbins/Paul Dulieu ek@redleafpr.com Notes to Editors: - Avanti Communications Group's shares were admitted to AIM on 16 April2007; - Avanti Communications Group is the only licensed fixed satelliteoperator headquartered in the UK (and one of only eight such groups operating inEurope); - In August 2005, Ofcom awarded Avanti the right to provide satelliteservices using radio frequency spectrum which provides coverage of WesternEurope and most of Central and Eastern Europe; - Avanti's first satellite, called HYLAS is under construction and duefor launch in 2009; - 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; - Its customers include broadband service providers, businesses of allsizes, the British and foreign governments, the European Union and the EuropeanSpace Agency; - The core applications for which Avanti expects HYLAS capacity to beused are broadband, corporate data networks, video distribution and military/security. - Avanti recently signed a debt facility agreement to borrow £32m. Thedebt facility provides sufficient capital for Avanti to complete the financingof its satellite construction, launch, insurance and operation together withworking capital. No further funding is expected to be required for the HYLASproject; - In July 2007, Avanti entered into contracts to acquire the rights touse certain new Ka band frequencies, amounting to some 14 GHz of spectrum, innew orbital positions covering India, The Middle East, Central Asia, Russia,Eastern Europe, Africa and Latin America. The Company is preparing plans to usethis spectrum through joint ventures and partnerships. This information is provided by RNS The company news service from the London Stock Exchange