7 Oct 2010 09:32
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | Inmarsat plc | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
An acquisition or disposal of voting rights | x | ||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation: iii | (a) Harbinger Capital Partners LLC, in its capacity as investment adviser to (i) Harbinger Capital Partners Master Fund I, Ltd. and (ii) Harbinger Capital Partners Special Situations Fund, L.P. (b) HGW GP, Ltd. as general partner of HGW Holding Company, L.P. | ||||
4. Full name of shareholder(s) (if different from 3.):iv | (i) Harbinger Capital Partners Master Fund I, Ltd.; (ii) Harbinger Capital Partners Special Situations Fund, L.P.; and (iii) HGW Holding Company, L.P. | ||||
5. Date of the transaction and date on which the threshold is crossed or reached: v | 5 October 2010 | ||||
6. Date on which issuer notified: | 6 October 2010 | ||||
7. Threshold(s) that is/are crossed or reached: vi, vii | from above 28% to below 15% | ||||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||||||||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
Ordinary Shares | 129,277,349 | 129,277,349 |
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| 64,277,349 |
| 13.95% | |||||||||
ISIN Code: GB00B09LSH68 | ||||||||||||||||
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B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | ||||||||||||
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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Inmarsat plc US$287,700,000 1.75% Convertible Bonds due 2017 | USD 12.6940 | 16 November 2017 | From 31 December 2007 to 9 November 2017 | 992,595
| Nominal | Delta | ||||||||||
| 0.22% | |||||||||||||||
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Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
65,269,944 | 14.17% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | ||
Harbinger Capital Partners LLC serves as investment adviser to (i) Harbinger Capital Partners Master Fund I, Ltd. and (ii) Harbinger Capital Partners Special Situations Fund, L.P. The manager of Harbinger Capital Partners LLC is Harbinger Holdings, LLC, which is in turn controlled by Philip A. Falcone.
HGW GP, Ltd. is the general partner of HGW Holding Company, L.P. HGW GP, Ltd. is controlled by Philip A. Falcone.
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Proxy Voting: | ||
10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
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14. Contact name: | Peter A. Jenson, Vice President | |
15. Contact telephone number: | +1 212 339 5800 | |