30th Apr 2018 07:00
30 April 2018
Avanti Communications Group PLC("Avanti" or the "Company")
Director/PDMR Shareholdings
Further to Proposed Restructuring and Open Offer announced on 9 April 2018 and the Results of Open Offer announced on 27 April 2018, the Company makes the following disclosures in respect of the participation in the Open Offer by certain directors of the Company, in accordance with article 19(3) of the Market Abuse Regulation:
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Paul Walsh | |||
2 | Reason for the notification | ||||
a) | Position/status | Chairman | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Avanti Communications Group PLC | |||
b) | LEI | 549300HBCQ8RE3DZBB14 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |||
Identification code | ISIN: GB00B1VCNQ84 | ||||
b) | Nature of the transaction | Purchase of Open Offer Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
11.225p | 54,762 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 54,762 | ||||
- Price | £6,147.03 | ||||
e) | Date of the transaction | 26 April 2018 | |||
f) | Place of the transaction | Outside trading venue | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | David Bestwick | |||
2 | Reason for the notification | ||||
a) | Position/status | Technical Director | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Avanti Communications Group PLC | |||
b) | LEI | 549300HBCQ8RE3DZBB14 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |||
Identification code | ISIN: GB00B1VCNQ84 | ||||
b) | Nature of the transaction | Purchase of Open Offer Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
11.225p | 8,991 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 8,991 | ||||
- Price | £1,009.24 | ||||
e) | Date of the transaction | 26 April 2018 | |||
f) | Place of the transaction | Outside trading venue | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Andrew Green | |||
2 | Reason for the notification | ||||
a) | Position/status | Non-Executive Director | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Avanti Communications Group PLC | |||
b) | LEI | 549300HBCQ8RE3DZBB14 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |||
Identification code | ISIN: GB00B1VCNQ84 | ||||
b) | Nature of the transaction | Purchase of Open Offer Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
11.225p | 5,211 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 5,211 | ||||
- Price | £584.93 | ||||
e) | Date of the transaction | 26 April 2018 | |||
f) | Place of the transaction | Outside trading venue | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Paul Johnson | |||
2 | Reason for the notification | ||||
a) | Position/status | Non-Executive Director | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Avanti Communications Group PLC | |||
b) | LEI | 549300HBCQ8RE3DZBB14 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |||
Identification code | ISIN: GB00B1VCNQ84 | ||||
b) | Nature of the transaction | Purchase of Open Offer Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
11.225p | 2,381 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 2,381 | ||||
- Price | £267.27 | ||||
e) | Date of the transaction | 26 April 2018 | |||
f) | Place of the transaction | Outside trading venue | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Nigel Fox | |||
2 | Reason for the notification | ||||
a) | Position/status | Group Financial Director | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Avanti Communications Group PLC | |||
b) | LEI | 549300HBCQ8RE3DZBB14 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |||
Identification code | ISIN: GB00B1VCNQ84 | ||||
b) | Nature of the transaction | Purchase of Open Offer Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
11.225p | 20,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 20,000 | ||||
- Price | £2,245.00 | ||||
e) | Date of the transaction | 26 April 2018 | |||
f) | Place of the transaction | Outside trading venue | |||
Enquiries
Avanti | Nigel Fox, Patrick Willcocks Tel: +44 207 749 1600 |
Cenkos Securities (Nomad) | Max Hartley, Nicholas Wells Tel: +44 207 397 8900 |
Montfort | Nick Miles, James Olley Tel: +44 203 770 7909 |
Redleaf Communications | Ralph Anderson Tel: +44 20 3757 6883 |
Related Shares:
AVN.L