16th Jun 2011 12:04
Avanti Communications Group plc
("the Company")
Director Buys Shares
Avanti Communications Group plc (AIM: AVN), the broadband satellite operator, was informed on 16 June 2011 by David Williams, Chief Executive, that on the same day he purchased 28,200 ordinary shares in the Company at a price of 350 pence per ordinary share.
David Williams now holds a total direct and indirect voting right interest in 1,576,590 ordinary shares in the Company, being approximately 1.96% 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.
--ENDS---
For further information please contact:
Avanti Communications Group Plc Tel: +44 (0)20 7749 1600
David Williams
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 / Oliver Griffiths
Redleaf Polhill Tel: +44 (0) 20 7566 6700
Emma Kane / Paul Dulieu
Related Shares:
AVN.L