10th Dec 2008 10:15
Date: 10 December 2008
On behalf of: Avanti Communications Group Plc ("Avanti" or "the Company")
Immediate release
Avanti Communications Group plc
Director Shareholding
Avanti Communications Group Plc (AIM: AVN), the Broadband satellite operator, was today notified by Ian Taylor MP that he had purchased 415 ordinary shares in the Company at a price of 161.85p per sharethrough his SIPP. In addition the Company was notified that Carole Taylor, wife of Ian Taylor MP had purchased through her SIPP 3,000 ordinary shares in the Company at a price of 161.85p per share. Ian Taylor MP now holds a total direct and indirect voting right interest in 6,300 ordinary shares in the company, being approximately 0.02% of the issued ordinary share capital of Avanti CommunicationsGroup Plc.
Enquiries to:
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Avanti Communications Group plc |
www.avantiplc.com |
|
David Williams |
020 7749 1600 |
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Redleaf Communications Ltd |
|
|
Emma Kane/ Samantha Robbins/ Paul Dulieu |
020 7566 6700 |
|
Cenkos Securities |
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|
Ivonne Cantu / Julian Morse |
020 7678 8000 |
Notes to Editors:
About Avanti
Avanti Communications Group plc is the only licensed Fixed Satellite Services operator headquartered in the UK (and one of only eight such groups operating in Europe);
Avanti sell satellite broadband services to wholesale customers targeting consumer, enterprise and institutional markets.
Avanti's first satellite, called Hylas is under construction and due for launch in 2009; the company plans further satellite projects
Avanti, which has more than 10 years' experience in the satellite industry, currently provides satellite broadband services to customers in Europe using leased satellite capacity which it will transfer to Hylas on launch
No further funding is required for the Hylas project following successful completion of a long term debt facility in July 2007.
The European Commission has set aside funding for rural broadband projects in 79 regions across Europe with a total value of €1.8 billion over the next five years
Related Shares:
AVN.L