Director PDMR Shareholding – February 2018

The Company notifies that, on 26 February 2018, David Bestwick, Technical Director of the Company, sold 200,000 ordinary shares of £0.01 each in the capital of the Company (“Ordinary Shares”) at a price of 10.35 pence per share, and repurchased 200,000 Ordinary Shares at a price of 11.15 pence per share, in order to transfer the shares between legal holdings. There is no change to the total number of shares held by Mr Bestwick as a result of these transactions.

Following the sale and repurchase, Mr Bestwick holds 1,301,954 Ordinary Shares, representing approximately 0.80% of the Company’s issued share capital.

 

Enquiries

 

AvantiNigel Fox, Patrick Willcocks

Tel: +44 20 7749 1600

Cenkos Securities (Nomad)Max Hartley, Nicholas Wells

Tel: +44 207 397 8900

 

 

1 Details of the person discharging managerial responsibilities / person closely associated
a)NameDavid Bestwick
2 Reason for the notification
a)Position/statusTechnical Director
b)Initial notification /AmendmentInitial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameAvanti Communications Group PLC
b)LEI549300HBCQ8RE3DZBB14
4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)

 

Description of the financial instrument, type of instrumentOrdinary shares of £0.01 each
Identification codeISIN: GB00B1VCNQ84
b)Nature of the transactionSale and repurchase of ordinary shares (to effect a transfer between legal holdings)
c)

 

Price(s) and volume(s)
Price(s)Volume(s)
Sale at 10.3p

Sale at 10.4p

100,000

100,000

Purchase at 11.2125p

Purchase at 11.0809p

100,000

100,000

d)

 

Aggregated information
– Aggregated volumeSale – 100,000

Purchase – 100,000

– PriceSale at 10.35p

Purchase at 11.1467p

e)Date of the transaction26 February 2018
f)Place of the transactionLondon Stock Exchange (XLON)