22 Jul 2013 12:34
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Inmarsat PLC Sedol B09LSH6 | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
An acquisition or disposal of voting rights | |||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |||||
An event changing the breakdown of voting rights (see Section 13) | √ | ||||
Other (please specify): | |||||
3. Full name of person(s) subject to thenotification obligation: iii | ¹Lansdowne Partners Limited (the "Firm") being the General Partner of Lansdowne Partners Limited Partnership ²Lansdowne Partners International Limited | ||||
4. Full name of shareholder(s) (if different from 3.):iv | SNC Nominees Ltd Goldman Sachs Securities Nominees LtdVidacos Nominees Ltd HSBC Client Holdings UK Ltd (Registered Shareholders) | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 08/05/13(please see Section 13) | ||||
6. Date on which issuer notified: | 19/07/13 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | 14% (please see Section 13) | ||||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
Ordinary Shares | 59,142,059 | 59,142,059 | 59,142,059 | 13.19% | ||||||||||||
GB00B09LSH68 | ||||||||||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| |||||||||||
CFD | N/A | N/A | N/A | 3,599,792 | Nominal | Delta | ||||||||||
0.80% | ||||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
62,741,851 | 13.99% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Lansdowne Partners International Limited is the parent undertaking of Lansdowne Partners Limited.
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Proxy Voting: | ||
10. Name of the proxy holder: | Lansdowne Partners Limited | |
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | Based on ordinary shares in issue of 448,298,368. This notification is not the result of any trading in shares but is to update a prior notification in light of an issuance of shares by Inmarsat Plc (the "Company") that occurred on 8 May 2013. This issuance increased the Company's total number of shares to 448,298,368 and consequently reduced the Firm's indirect interest below 14%. The delay in notification is due to the fact that the Company's revised total number of shares was inadvertently not reflected in our monitoring systems until 19 July 2013. | |
14. Contact name: | Ruari Paton | |
15. Contact telephone number: | +44 20 7290 5500 | |