19 Apr 2013 09:00
Avanti Communications Group plc
Directors exercise share options
London - 19 April 2013. Avanti Communications Group plc (AIM: AVN, "Avanti" or "the Group"), the satellite operator, was informed on 16 April 2013, by John Brackenbury CBE, Chairman and Alan Foster, non-executive director, that on the same day they had exercised 15,715 and 3,750 share options respectively at 1p per ordinary share under the long term scheme established in 2006, prior to Avanti's listing. These are the last share options awarded to non-executive directors to be exercised under this scheme.
John Brackenbury now holds a total direct and indirect voting right interest in 435,791 ordinary shares in the Company, being approximately 0.39% of the issued ordinary share capital of the Company. Alan Foster now holds a total direct and indirect voting right interest in 396,250 ordinary shares in the Company, being approximately 0.35% of the issued ordinary share capital of the Company.
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For further information please contact:
Avanti Communications Group Plc Tel: +44 (0)20 7749 1600
David Williams, Chief Executive
Sean Watherston, Director of IR and Corporate Finance
Cenkos Securities plc Tel: +44 (0) 20 7397 8900
Nicholas Wells (Nomad)/Julian Morse
Jefferies Hoare Govett Tel:+44 (0) 20 7029 8000
Neil Collingridge/John Fishley
College Hill Tel: +44 (0) 20 7457 2020
Adrian Duffield/Kay Larsen