Avanti Communications Group plc
Placing of 16,279,070 new ordinary shares at a placing price of 430p per share
12 July 2010
Avanti Communications Group plc ("Avanti" or the "Company"), the broadband satellite operator, is pleased to announce that it has completed a conditional placing (the "Placing") of 16,279,070 new ordinary shares of 1p each in the capital of the Company (the "Placing Shares") with existing and new institutional shareholders to raise a total of £70 million (before expenses). The Placing Shares represent approximately 23.7 per cent. of Avanti's existing issued ordinary share capital.
