Source - RNS
RNS Number : 4394H
Inmarsat PLC
07 June 2017
 

7 June 2017

 

 

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 6 June 2017, the Company granted options ("Options") over 486,398 new ordinary shares of Euro 0.0005 each pursuant to the 2017 Award under the Inmarsat plc 2014 Sharesave Plan. Of these Options, 1,489 were granted to each of the Executive Directors of the Company.

 

The Options are exercisable at 6.042 pence 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 8 May 2017. The Options will mature on 1 August 2020 and are exercisable for a period of six months. The options will lapse if not exercised.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides 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

 

 

N/A

 

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 2017 award under the Inmarsat plc 2014 Sharesave Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




GBP 6.042

1,489







d)

 

Aggregated information




- Aggregated volume

1,489



- Price

GBP 8,996.54



e)

 

Date of the transaction

 

 

6 June 2017

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

 

 

N/A

 

 

 

 

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 2017 award under the Inmarsat plc 2014 Sharesave Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




GBP 6.042

1,489







d)

 

Aggregated information




- Aggregated volume

1,489



- Price

GBP 8,996.54



e)

 

Date of the transaction

 

 

6 June 2017

f)

 

Place of the transaction

 

 

Outside of trading venue

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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