Avanti Communications Group Plc Issue of Equity (5625U)
October 17 2014 - 2:02AM
UK Regulatory
TIDMAVN
RNS Number : 5625U
Avanti Communications Group Plc
17 October 2014
Avanti Communications Group plc
Issue of Equity
London - 17 October 2014. Avanti Communications Group plc (AIM:
AVN, "Avanti" or "the Company"), the satellite operator, announces
that it has issued 1,200,000 new ordinary shares of 1p each ("New
Ordinary Shares") in the Company to the trustee of the Company's
Employee Benefit Trust, at a price of 1p per share. These New
Ordinary Shares are being issued to facilitate the award of share
options to employees across the Company.
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM and it is anticipated that admission
will become effective on 20 October 2014. Following admission, the
Company's issued share capital will consist of 112,936,849 ordinary
shares of 1p each.
--ENDS--
For further information please contact:
Avanti Communications Group Plc Tel: +44 (0) 20 7749 1600
David Williams, Chief Executive
Nigel Fox, Finance Director
Cenkos Securities plc Tel: +44 (0) 20 7397 8900
Max Hartley (Nomad) / Julian Morse
Jefferies Hoare Govett Tel: +44 (0) 20 7029 8000
Neil Collingridge
Tulchan Communications Tel: +44 (0) 20 7353 4200
James Macey-White
About Avanti
Avanti is a carriers' carrier, selling wholesale data telecoms
products to service providers which use them to create networks for
enterprise, carrier, government and consumer users. Avanti's
network consists of:- two high throughput satellites in orbit,
called HYLAS 1 and HYLAS 2; a multiband satellite called Artemis
plus a fourth and a fifth satellite in construction called HYLAS 3
and HYLAS 4 and an international fibre network connecting data
centres in several countries. Avanti Communications has GEO
satellite network spectrum filings in the ITU Master Register for
Ka band at 33.5deg West and 31.0deg East and for Ka, Ku, S and
L-band at 21.5deg East. Avanti Communications serves customers in
Europe, Middle East and Africa. Visit: www.avantiplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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