25th Feb 2011 13:20
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
Related Shares:
AVN.L