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Director Buys Shares

8 Mar 2012 07:00

RNS Number : 9252Y
Avanti Communications Group Plc
08 March 2012
 



Date: 8th March 2012

On behalf of: Avanti Communications Group plc ("Avanti" or "the Company")

Embargoed for 7am

 

Avanti Communications Group plc

Directors Shareholdings

 

Avanti Communications Group plc (AIM: AVN), the broadband satellite operator, was notified on 7th March 2012 by David Williams, Chief Executive, that he had purchased 10,000 ordinary shares in the Company at a price of 250 pence per ordinary share. David Williams now holds a total direct and indirect voting right interest in 1,643,801 ordinary shares in the Company, being approximately 1.47% of the issued ordinary share capital of the Company. Mr Williams has a further revocable and indirect interest in 522,233 ordinary shares under the Company's Long Term Incentive Plan which are subject to certain criteria.

 ---ENDS---

 

 For further information please contact:

 

Avanti Communications Group Plc Tel: +44 (0)20 7749 1600

David Williams / Sean Watherston

 

Cenkos Securities plc Tel: +44 (0) 20 7397 8900

Nicholas Wells (Nomad) / Julian Morse (Sales)

 

Jefferies International Limited Tel: +44 (0) 20 7029 8000

Julian Smith / Thomas Rider

 

Redleaf Polhill Tel: +44 (0) 20 7566 6700

Emma Kane / Paul Dulieu

 

Notes to Editors:

About Avanti

·; Avanti sells satellite data communications services to telecoms companies which use them to supply residential, enterprise and institutional users.

·; Avanti's first satellite called HYLAS 1, launched on November 26th 2010 and is the first superfast broadband satellite launched in Europe.

·; Avanti's second satellite, called HYLAS 2, is on target for launch in Q2 2012. It will extend Avanti's coverage to Africa and the Middle East.

·; Avanti's third satellite HYLAS 3, to be launched in partnership with ESA in 2015, will provide further capacity in the EMEA region

·; 80% of Avanti's fleet capacity will address the Emerging telecommunications markets of Africa and the Middle East.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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