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Director Shareholding

16 May 2016 11:44

RNS Number : 3540Y
Avanti Communications Group Plc
16 May 2016
 

AVANTI COMMUNICATIONS GROUP PLC

Director Shareholding

 

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.

 

 

 

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

 

Notes to editors

 

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.

 

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.

 

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 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).

 

www.avantiplc.com

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