31 May 2018 07:03
31 May 2018
Inmarsat plc
(the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Inmarsat plc announces that on 30 May 2018, the Company granted options ("Options") over 5,982 new ordinary shares of Euro 0.0005 to each of Rupert Pearce, CEO and Tony Bates, CFO as a 2018 award under the Company's existing UK Sharesave plan. Rupert Pearce and Tony Bates have both committed to the maximum monthly savings of £500pm in the 2018 Sharesave plan and have withdrawn from the 2016 and 2017 Sharesave plans they were previously subscribed to.
The Options are exercisable at £3.0088 per ordinary share, being 20 per cent less than the closing mid-market price of an ordinary share derived from the Official List of the London Stock Exchange on 3 May 2018. The Options will mature after 36 months' savings having been made on 1 July 2021 and are exercisable for a period of six months thereafter. The Options will lapse if not exercised.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Rupert Pearce
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Inmarsat plc | |||
b)
| LEI
| 213800QU7UAKT6KMRF41
| |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Options over New Ordinary Shares of Euro 0.0005 each in Inmarsat plc | |||
Identification code | GB00B09LSH68
| ||||
b)
| Nature of the transaction
| Grant of Options for a 2018 award which will mature on 1 July 2021 and is subject to the Inmarsat plc 2014 Sharesave Plan rules. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
GBP 3.0088 | 5,982 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 5,982 | ||||
- Price | GBP 17,998.6416 | ||||
e)
| Date of the transaction
| 30 May 2018 | |||
f)
| Place of the transaction
| Outside of trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Tony Bates
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Financial Officer | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Inmarsat plc | |||
b)
| LEI
| 213800QU7UAKT6KMRF41
| |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Options over New Ordinary Shares of Euro 0.0005 each in Inmarsat plc | |||
Identification code | GB00B09LSH68
| ||||
b)
| Nature of the transaction
| Grant of Options for a 2018 award which will mature on 1 July 2021 and is subject to the Inmarsat plc 2014 Sharesave Plan rules. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
GBP 3.0088 | 5,982 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 5,982 | ||||
- Price | GBP 17,998.6416 | ||||
e)
| Date of the transaction
| 30 May 2018 | |||
f)
| Place of the transaction
| Outside of trading venue | |||