TIDMISAT

RNS Number : 6711V

Inmarsat PLC

04 December 2019

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                                    Antony Bates 
 (b) Owner or controller of interests and short positions disclosed, if 
 different from 1(a): 
 The naming of nominee or vehicle companies is insufficient. For a trust, the 
 trustee(s), 
 settlor and beneficiaries must be named. 
                                                                               --------------------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this      Inmarsat plc ("Inmarsat") 
 form relates: 
 Use a separate form for each offeror/offeree 
                                                                               --------------------------------------- 
 (d) Status of person making the disclosure:                                    Person acting in concert with Inmarsat 
 e.g. offeror, offeree, person acting in concert with the offeror/offeree 
 (specify name of 
 offeror/offeree) 
                                                                               --------------------------------------- 
 (e) Date dealing undertaken:                                                   3 December 2019 
                                                                               --------------------------------------- 
 (f) In addition to the company in 1(c) above, is the discloser making          N/A 
 disclosures in respect 
 of any other party to the offer? 
 If it is a cash offer or possible cash offer, state "N/A" 
                                                                               --------------------------------------- 
 
   2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing

 
 Class of relevant security: 
                                                                                      Interests       Short positions 
                                                                                  ----------------  ------------------ 
                                                                                   Number      %        Number      % 
                                                                                  --------  ------  -------------  --- 
 (1) Relevant securities owned and/or controlled:                                  346,284   0.073                  0 
                                                                                  --------  ------  -------------  --- 
 (2) Cash-settled derivatives:                                                       Nil       0                    0 
                                                                                  --------  ------  -------------  --- 
 (3) Stock-settled derivatives (including options) and agreements to 
  purchase/sell:                                                                     Nil       0                    0 
                                                                                  --------  ------  -------------  --- 
 
   TOTAL:                                                                          346,284   0.073                  0 
                                                                                  --------  ------  -------------  --- 
 

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   (b)        Rights to subscribe for new securities (including directors' and other employee options) 
 
 Description        Number          Date        Exercise   Vesting    Lapse 
  of option/award    and class       of grant    price      date(s)    date 
                     of relevant 
                     securities 
                     under 
                     option/award 
 N/A                N/A             N/A         N/A        N/A        N/A 
 
   3.         DEALINGS BY THE PERSON MAKING THE DISCLOSURE 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

   (a)        Purchases and sales 

(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)

 
 Class of relevant security   Purchase/sale   Number of securities   Price per unit 
 N/A                          N/A             N/A                    N/A 
                             --------------  ---------------------  --------------- 
 

(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser

 
   Class of relevant      Purchases/ sales       Total number of       Highest price per unit   Lowest price per unit 
        security                                   securities              paid/received            paid/received 
 N/A                      N/A                N/A                       N/A                      N/A 
                         -----------------  ------------------------  -----------------------  ----------------------- 
 
   (b)        Cash-settled derivative transactions 
 
    Class of relevant       Product description      Nature of dealing         Number of reference      Price per unit 
         security                 e.g. CFD         e.g. opening/closing a           securities 
                                                    long/short position, 
                                                   increasing/reducing a 
                                                    long/short position 
 N/A                        N/A                   N/A                        N/A                        N/A 
                           --------------------  -------------------------  -------------------------  --------------- 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
   Class of       Product        Writing,      Number of       Exercise          Type       Expiry date   Option money 
   relevant     description    purchasing,     securities      price per         e.g.                        paid/ 
   security      e.g. call       selling,       to which         unit         American,                   received per 
                   option      varying etc.      option                        European                       unit 
                                                relates                          etc. 
 N/A            N/A            N/A            N/A            N/A             N/A            N/A           N/A 
               -------------  -------------  -------------  --------------  -------------  ------------  ------------- 
 
   (ii)        Exercise 
 
   Class of relevant       Product description    Exercising/ exercised   Number of securities    Exercise price per 
        security             e.g. call option            against                                         unit 
                          Exercise of share 
                           option under the 
 Ordinary shares of        Inmarsat plc 2014 
  Euro 0.005               Sharesave Plan         2,825                   2,825                  300.88p 
                         ----------------------  ----------------------  ---------------------  ---------------------- 
 
   (d)        Other dealings (including subscribing for new securities) 
 
  Class of relevant security                 Nature of dealing                Details   Price per unit (if applicable) 
                                        e.g. subscription, conversion 
 Ordinary shares of Euro 0.005   Vesting of bonus share awards for 2018 and   167,332   Nil 
                                 prior years (previously disclosed to the 
                                 market) 
                                 under the Inmarsat plc Executive Share 
                                 Plan 
                                -------------------------------------------  --------  ------------------------------- 
 

Performance Share Awards (previously disclosed to the market) under the Inmarsat plc Executive Share Plan will vest following calculation of performance conditions in due course.

   4.         OTHER INFORMATION 
   (a)        Indemnity and other dealing arrangements 
 
 Details of any indemnity or option arrangement, or any agreement or understanding, formal 
  or informal, relating to relevant securities which may be an inducement to deal or refrain 
  from dealing entered into by the party to the offer or person acting in concert making the 
  disclosure and any other person: 
  Irrevocable commitments and letters of intent should not be included. If there are no such 
  agreements, arrangements or understandings, state "none" 
 
   None 
 
   (b)        Agreements, arrangements or understandings relating to options or derivatives 
 
 Details of any agreement, arrangement or understanding, formal or informal, between the party 
  to the offer or person acting in concert making the disclosure and any other person relating 
  to: 
  (i) the voting rights of any relevant securities under any option; or 
  (ii) the voting rights or future acquisition or disposal of any relevant securities to which 
  any derivative is referenced: 
  If there are no such agreements, arrangements or understandings, state "none" 
 
   None 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
 Supplemental Form 8 (SBL)              NO 
                                       --- 
 
 
 Date of disclosure:    4 December 2019 
 Contact name:          Kerry Chipchase 
                       -------------------- 
 Telephone number:      +44 (0)20 7728 1332 
                       -------------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DCCUGGWPPUPBGGC

(END) Dow Jones Newswires

December 04, 2019 06:26 ET (11:26 GMT)

Inmarsat (LSE:ISAT)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024 Plus de graphiques de la Bourse Inmarsat
Inmarsat (LSE:ISAT)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024 Plus de graphiques de la Bourse Inmarsat