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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
  +0.00p +0.00% 3.075p 2.66p 3.00p - - - 9,792 08:32:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 43.4 -59.6 -34.3 - 66.52

Inmarsat PLC No intention to make an offer for Avanti

01/08/2016 7:00am

UK Regulatory (RNS & others)


Avanti Communications (LSE:AVN)
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3 Years : From Dec 2015 to Dec 2018

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TIDMISAT TIDMAVN

RNS Number : 7615F

Inmarsat PLC

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 Inmarsat confirms it has withdrawn from Avanti's announced process and it is not considering an offer for the shares of Avanti.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.

Contacts:

 
 Investor Enquiries:              Media Enquiries: 
  Morten Singleton                 Chris McLaughlin/ Jonathan 
  Tel: +44 (0)20 7728              Sinnatt 
  1518                             Tel: +44 (0)20 7728 1935 
  Morten.singleton@inmarsat.com    Chris.mclaughlin@inmarsat.com 
                                   Jonathan.sinnatt@inmarsat.com 
-------------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 01, 2016 02:00 ET (06:00 GMT)

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