PDMR / Director Shareholding

RNS: Avanti Communications Group plc
("Avanti" of the "Company")

PDMR / Director Shareholding

Avanti Communications Group plc (AIM: AVN), the satellite operator has been informed that David Williams, Chief Executive, today purchased 3,763 ordinary shares in the Company at a price of 262.25 pence per ordinary share. Following this transaction, David Williams now holds a total direct and indirect voting right interest in 1,709,414 ordinary shares in the Company, being approximately 1.53% of the issued ordinary share capital of the Company.
 

–ENDS–
 

For further information please contact:

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

David Williams, Chief Executive
Nigel Fox, Finance Director

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

Max Hartley (Nomad)/Julian Morse

Jefferies Hoare Govett
Tel: +44 (0) 20 7029 8000

Neil Collingridge

Tulchan Communications
Tel: +44 (0) 20 7353 4200

James Macey-White

 

About Avanti Communications

  • Avanti Communications is a carriers’ carrier, selling wholesale data telecoms to service providers which use them to create networks for enterprise, carrier, government and consumer users.
  • Avanti Communications’ network consists of:

    – two high throughput satellites in orbit, called HYLAS 1 and HYLAS 2; a multiband satellite called Artemis plus a fourth satellite in construction called HYLAS 3; and a fifth called HYLAS 4
    – an international fibre network connecting data centres in several countries
  • Avanti Communications has GEO satellite network spectrum filings in the ITU Master Register for Ka band at 33.5° West and 31.0° East and for Ka, Ku, S and L-band at 21.5° East.
  • Avanti Communications serves customers in Europe, Middle East and Africa.
  • Visit: www.avantiplc.com

 

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