Further to Proposed Restructuring and Open Offer announced on 9 April 2018 and the Results of Open Offer announced on 27 April 2018, the Company makes the following disclosures in respect of the participation in the Open Offer by certain directors of the Company, in accordance with article 19(3) of the Market Abuse Regulation:

 

1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Paul Walsh

 

2 Reason for the notification
a) Position/status Chairman
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 Purchase of Open Offer Shares
c)

 

Price(s) and volume(s)
Price(s) Volume(s)
11.225p 54,762
d)

 

Aggregated information
– Aggregated volume 54,762
– Price £6,147.03
e) Date of the transaction 26 April 2018
f) Place of the transaction Outside trading venue

 


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 Purchase of Open Offer Shares
c)

 

Price(s) and volume(s)
Price(s) Volume(s)
11.225p 8,991
d)

 

Aggregated information
– Aggregated volume 8,991
– Price £1,009.24
e) Date of the transaction 26 April 2018
f) Place of the transaction Outside trading venue

 


1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Andrew Green

 

2 Reason for the notification
a) Position/status Non-Executive 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 Purchase of Open Offer Shares
c)

 

Price(s) and volume(s)
Price(s) Volume(s)
11.225p 5,211
d)

 

Aggregated information
– Aggregated volume 5,211
– Price £584.93
e) Date of the transaction 26 April 2018
f) Place of the transaction Outside trading venue

 


1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Paul Johnson

 

2 Reason for the notification
a) Position/status Non-Executive 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 Purchase of Open Offer Shares
c)

 

Price(s) and volume(s)
Price(s) Volume(s)
11.225p 2,381
d)

 

Aggregated information
– Aggregated volume 2,381
– Price £267.27
e) Date of the transaction 26 April 2018
f) Place of the transaction Outside trading venue

 


1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Nigel Fox

 

2 Reason for the notification
a) Position/status Group Financial 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 Purchase of Open Offer Shares
c)

 

Price(s) and volume(s)
Price(s) Volume(s)
11.225p 20,000
d)

 

Aggregated information
– Aggregated volume 20,000
– Price £2,245.00
e) Date of the transaction 26 April 2018
f) Place of the transaction Outside trading venue

Enquiries

Avanti Nigel Fox, Patrick Willcocks

Tel: +44 207 749 1600

 

Cenkos Securities (Nomad) Max Hartley, Nicholas Wells

Tel: +44 207 397 8900

 

Montfort Nick Miles, James Olley

Tel: +44 203 770 7909

 

Redleaf Communications Ralph Anderson

Tel: +44 20 3757 6883

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