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Directors Shareholdings

25th Feb 2011 13:20

RNS Number : 8936B
Avanti Communications Group Plc
25 February 2011
 



Avanti Communications Group plc

("the Company")

 

Directors Shareholdings

 

 

Avanti Communications Group plc (AIM: AVN), the broadband satellite operator, was today notified by David Bestwick, Director, that he had purchased 30,000 ordinary shares in the Company at a price of 504 pence per ordinary share. David Bestwick now holds a total direct and indirect voting right interest in 1,201,648 ordinary shares in the Company, being approximately 1.5% of the issued ordinary share capital of the Company. Mr Bestwick has a further revocable and indirect interest in 430,202 shares under the Company's Long Term Incentive Plan which are subject to certain criteria.

 

The Company was also notified today by David Williams, Chief Executive, that he had purchased 20,000 ordinary shares in the Company at a price of 504 pence per ordinary share. David Williams now holds a total direct and indirect voting right interest in 1,525,072 ordinary shares in the Company, being approximately 1.9% 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

 

Jefferies International Limited Tel: +44 (0) 20 7029 8000

Julian Smith / Oliver Griffiths

 

Redleaf Polhill Tel: +44 (0) 20 7566 6700

Paul Dulieu / Emma Kane

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSUVAORAKAUUAR

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