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Avanti Comms Group (AVN)

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Tuesday 12 March, 2019

Avanti Comms Group

Directorate Change

RNS Number : 5149S
Avanti Communications Group Plc
12 March 2019
 

Avanti Communications Group plc

Directorate Change

 

LONDON, 12 March 2019

Avanti Communications Group plc ("Avanti") announces that Adam Kleinman has joined the Board of Avanti as a non-executive director replacing Peter Reed who is resigning with effect from 12 March 2019.

Mr Kleinman is the President and Chief Operating Officer of Great Elm Capital Group, Inc., the Chief Operating Officer, General Counsel and Chief Compliance Officer of Great Elm Capital Management, Inc. and the Chief Compliance Officer of Great Elm Capital Corp.  Prior to joining Great Elm, Mr. Kleinman was a Partner and the Chief Operating Officer and General Counsel at a Boston-based registered investment adviser from 2009 to 2017. From 2004 to 2009, Mr. Kleinman was an Associate in the Banking and Leveraged Finance group at Bingham McCutchen LLP where he represented leading financial institutions, hedge funds and corporate borrowers in a broad range of commercial finance transactions.

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Full name (age)

Adam Michael Kleinman (43)

Current directorships / partnerships:

None

Previous directorships / partnerships (in the last five years):

Ezenia! Inc.

International Wire Group Holdings, Inc.

Nebraska Book Company, Inc.

Nebraska Book Holdings, Inc.

Windjammer Communications LLC

Windjammer Holdings Inc.

 

As at today's date, Mr Kleinman does not hold any ordinary shares in the capital of the Company. Mr Kleinman holds a beneficial interest in Great Elm Capital Corporation, which holds approximately 9.1% of Avanti's issued ordinary share capital.

There are no further disclosures to be made pursuant to Schedule 2(g) of the AIM Rules for Companies in respect of Mr Kleinman's appointment.

 

For further information, please contact:

Avanti Communications

 

 

Nigel Fox, Chris McLaughlin
Tel: +44 20 7749 1600

 

Cenkos Securities (Nomad)

 

 

 

Max Hartley, Katy Birkin

Tel: +44 207 397 8900

 

 

Newgate Communications

Ralph Anderson

+44 (0)20 3757 6883 

 

 

 

About Avanti

Avanti is focused on Government and international operations in need of secure broadband connectivity across Europe, Middle East and Africa.  Avanti's HYLAS fleet offers up to 50 GHz of Ka and Mil-Ka capacity over an expanding market.

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 is listed in London on AIM (AVN: LSE). www.avantiplc.com 

 


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