Avanti bosses take more shares

23rd Feb 2011 18:20

The chairman and chief executive of the broadband satellite operator Avanti Communications have been upping their stakes in the company, spending a combined total of about £150,000 on shares.Chairman John Brackenbury took 8,998 shares at 549.75p a go and chief executive David Williams took 17,997 at the same price.Williams now some 1.5m shares, about 1.77% of the company, and Brackenbury has just less than 322,000. Last week, Avanti said that developments last year will start to feed through to financial results this year. One satellite, HYLAS 1, has been sent into orbit, HYLAS 2 is being built and the financing of HYLAS 3 is being arranged."The proliferation of new internet applications, particularly those which are video intensive, and new devices enabling consumers to connect to the internet are the drivers of our market," Brackenbury said. "In developed markets, data demand is rising strongly and in emerging markets, vast new populations are coming to digital media for the first time." Top Director BuysAvanti Communications Group (AVN) Director name: Mr David J WilliamsAmount purchased: 17,997 @ 549.75p Value: £98,939W H Ireland Group (WHI) Director name: Mr Christopher Paul Compton Amount purchased: 250,000 @ 39.08p Value: £97,700Avanti Communications Group (AVN) Director name: Mr F E John G BrackenburyAmount purchased: 8,998 @ 549.75p Value: £49,467RSM Tenon Group (TNO) Director name: Mr Arthur Leonard Robert (Bob) MortonAmount purchased: 100,000 @ 46.00p Value: £46,000Allocate Software (ALL) Director name: Mr Richard King Amount purchased: 50,000 @ 90.00p Value: £45,000RSM Tenon Group (TNO) Director name: Mr Arthur Leonard Robert (Bob) MortonAmount purchased: 100,000 @ 44.84p Value: £44,840Shanks Group (SKS) Director name: Mr Peter T JohnsonAmount purchased: 22,043 @ 117.30p Value: £25,856International Ferro Metals Group (IFL) Director name: Mr David KovarskyAmount purchased: 100,000 @ 20.75p Value: £20,750Dechra Pharmaceuticals (DPH) Director name: Dr Chris Richards Amount purchased: 4,000 @ 510.00p Value: £20,400Plant Health Care (PHC) Director name: Dr Dominik KoechlinAmount purchased: 21,107 @ 61.00p Value: £12,875Top Director SellsMondi (MNDI) Director name: Mr David A HathornAmount sold: 36,513 @ 538.85p Value: £196,750Mondi (MNDI) Director name: Mr Peter OswaldAmount sold: 33,970 @ 538.85p Value: £183,047Mondi (MNDI) Director name: Ms Carol HuntAmount sold: 12,143 @ 538.85p Value: £65,433Mondi (MNDI) Director name: Mr Andrew KingAmount sold: 11,200 @ 538.85p Value: £60,351Chelverton Growth Trust (CGW) Director name: Mr David HornerAmount sold: 250,000 @ 21.75p Value: £54,375