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AVN Avanti Communications Group Plc

0.0526
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avanti Communications Group Plc LSE:AVN London Ordinary Share GB00B1VCNQ84 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0526 0.05 0.10 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Avanti Communications Group Plc Directorate Change (6421N)

10/08/2017 10:00am

UK Regulatory


Avanti Communications (LSE:AVN)
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TIDMAVN

RNS Number : 6421N

Avanti Communications Group Plc

10 August 2017

10 August 2017

Avanti Communications Group plc

("Avanti" or the "Company")

Directorate Change

Avanti Communications Group plc announces that CEO, David Williams, is stepping down from the board and leaving the Company.

His immediate replacement will be Alan Harper, currently a board non-executive director who joined in March 2017, who will assume the role of interim CEO.

Alan is a highly respected telecoms veteran from the telecoms industry with relevant experience in European and African markets. He has worked at Vodafone as Group Strategy Director and more recently founded and ran Eaton Towers, which served most of the major telcos that are a key part of the strategy for expansion at Avanti. Alan is also chairman of Azuri Technologies and of Gigabit as well as a non-executive director of MTN.

A comprehensive search to recruit a new full-time CEO will commence in due course.

Chairman, Paul Walsh said: "We are grateful to David Williams for the contribution he has made to the business since it was founded. He has led the Company through extremely challenging circumstances and market conditions. Avanti remains a world-class technology enterprise with a world-beating technical team in which significant latent value endures."

David Williams said: "I have been honoured to work with such a talented and dedicated team who have contributed so much to this Company. They should be proud of what they have built and I am confident that the excellent service they deliver to customers will see Avanti continue to grow and flourish".

This announcement contains inside information.

-ENDS-

For further information please contact:

 
Avanti 
 David Bestwick/Nigel 
 Fox                    +44(0)207 749 1600 
 Montfort: 
 Nick Miles              + 44 7973 130669 
Redleaf:                +44 (0)207 382 
 Lara Pyliotis           4763 
Cenkos Securities 
 plc 
 Max Hartley (Nomad)    +44 (0) 20 7397 
 / Julian Morse          8900 
 

Notes to Editors

About Avanti Communications

Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.

Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7bn people.

The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring. Avanti has a unique Cloud based customer interface that is protected by patented technology.

Avanti Communications is listed in London on AIM (AVN: LSE).

www.avantiplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAGIGDIBUBBGRG

(END) Dow Jones Newswires

August 10, 2017 05:00 ET (09:00 GMT)

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