|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Avanti Comm.||LSE:AVN||London||Ordinary Share||GB00B1VCNQ84||ORD 1P|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
Inmarsat PLC No intention to make an offer for Avanti
UK Regulatory (RNS & others)
RNS Number : 7615F
01 August 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
1 August 2016
NO INTENTION TO MAKE AN OFFER FOR AVANTI
Inmarsat (LSE: ISAT.L) notes the recent press speculation regarding Avanti Communications Group plc ("Avanti"). Inmarsat confirms that it was contacted by Avanti's advisers following the announcement by that company of a strategic review and formal sale process on 11 July 2016, and responded to that contact. Inmarsat confirms it has withdrawn from Avanti's announced process and it is not considering an offer for the shares of Avanti.
This announcement is made in accordance with Rule 2.8 of the Code. As a result, Inmarsat and any person acting in concert with it will, except with the consent of the Takeover Panel, be bound by the restrictions contained in Rule 2.8 of the Code.
Investor Enquiries: Media Enquiries: Morten Singleton Chris McLaughlin/ Jonathan Tel: +44 (0)20 7728 Sinnatt 1518 Tel: +44 (0)20 7728 1935 Morten.email@example.com Chris.firstname.lastname@example.org Jonathan.email@example.com ------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
August 01, 2016 02:00 ET (06:00 GMT)
1 Year Avanti Communications Chart
1 Month Avanti Communications Chart