Avanti Communications Group Plc Director Shareholding (3540Y)
16 May 2016 - 8:44PM
UK Regulatory
TIDMAVN
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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