Directors Shareholdings – 12th June 2012

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.  

 

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 6700Emma Kane / Paul Dulieu  

 

 

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, will provide further capacity in the EMEA region
  • 80% of Avanti’s fleet capacity will address the high growth telecommunications markets of Africa and the Middle East
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