18th Mar 2008 07:00
Avanti Communications Group Plc18 March 2008 Date: 18 March 2008 On behalf of: Avanti Communications Group plc ("Avanti" or "the Company") Embargoed until: 0700hrs Avanti Communications Group plc • Director Dealing - FD Avanti Communications Group Plc (AIM: AVN), the satellite operator, was todaynotified by Nigel Fox, Finance Director, that he had purchased 2,875 ordinaryshares in the Company through his pension scheme at a price of 202p per share.Nigel Fox now holds a total direct and indirect voting right interest in 11,325ordinary shares in the Company being approximately 0.04% of the issued ordinaryshare capital of Avanti Communications of 27,708,503 ordinary shares of 1p each. Enquiries to: Avanti Communications Group plc http://www.avanti-communications.com/David Williams 020 7749 1600 Redleaf Communications Ltd [email protected] Kane/ Samantha Robbins/ Paul Dulieu 020 7822 0200 [email protected] Cenkos SecuritiesIvonne Cantu / Julian Morse 020 7678 8000 Notes to Editors: About Avanti Communications - Avanti Communications Group's shares were admitted to AIM on 16 April 2007; - Avanti Communications Group is the only licensed Fixed Satellite Services operator headquartered in the UK (and one of only eight such groups operating in Europe); - Avanti is licensed to provide satellite services using spectrum which provides coverage of Europe, India, The Middle East, Central Asia, Africa and the Americas. - Avanti's first satellite, called HYLAS is under construction and due for launch in 2009; the company plans further satellite projects; - Avanti, which has over 10 years' experience in the satellite industry, currently provides satellite data communications services to customers in Europe using leased satellite capacity which it will transfer to HYLAS on launch; - It's customers include broadband service providers, large businesses, the British and foreign governments, the European Union and the European Space Agency; - The core applications for which Avanti expects HYLAS capacity to be used are broadband, corporate data networks, video distribution and military/security; - No further funding is required for the HYLAS project following successful completion of a long term debt facility in July 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AVN.L