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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Inmarsat Plc | LSE:ISAT | London | Ordinary Share | GB00B09LSH68 | ORD EUR0.0005 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 544.40 | 544.40 | 545.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMISAT
RNS Number : 8285J
Inmarsat PLC
04 April 2018
4 April 2018
Inmarsat plc
(the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Awards over ordinary shares of EUR0.0005 in Inmarsat plc under the Performance Share Plan ("PSA") made on 30 March 2015 vested on 3 April 2018 being the closest date to the third anniversary of the date of grant.
Vesting of the award was dependent on performance for TSR, EBITDA and strategic objectives, weighted 30%, 30% and 40% respectively of the total award. The performance targets for EBITDA growth and TSR performance were not met. A vesting outcome of 30% out of 40% of the element for strategic objectives was achieved which resulted in overall vesting of 30% of the award. Full details of the vesting are contained in the Company's 2017 Annual Report.
The PSA is not a HM Revenue & Customs approved plan and on vesting, income tax and social security deductions become payable by the individual.
Due to the Easter bank holiday, the vesting took place during the Company's close period. The Company therefore arranged for an automatic sell to cover withholding tax obligations in accordance with the Rules of the Performance Share Plan. Mr Pearce and Mr Bates were not permitted to transact in any net shares and these were added to the existing number of ordinary shares held by Mr Pearce and Mr Bates.
Hot Features
Premium
Name Number of Number of shares Number Total
shares vesting sold on 3 April of shares shareholding
including 2018 to cover retained
reinvested tax / NI
dividends
--------------- ---------------- ----------------- ----------- --------------
Rupert Pearce 38,252 18,024 20,228 998,986
--------------- ---------------- ----------------- ----------- --------------
Tony Bates 29,040 13,684 15,356 118,060
--------------- ---------------- ----------------- ----------- --------------
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 Initial Notification
/Amendment
----- ----------------------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----- ---------------------------------------------------------------------
a) Name Inmarsat plc
----- ----------------------------- --------------------------------------
b) LEI 213800QU7UAKT6KMRF41
----- ----------------------------- --------------------------------------
4.1 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 Ordinary Shares
the financial
instrument, type
of instrument
-----
Identification GB00B09LSH68
code
b) Nature of the Share Acquisition through
transaction vesting of Performance Share
Award
----- ----------------------------- --------------------------------------
c) Price(s) and volume(s)
----- ----------------- -----------------
Price(s) Volume(s)
----- ----------------- -----------------
GBP 0.00 38,252
----------------- -----------------
d) Aggregated information
-----
- Aggregated volume 38,252
- Price GBP 0.00
e) Date of the transaction 3 April 2018
----- ----------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange
----- ----------------------------- --------------------------------------
4.2 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 Ordinary Shares
the financial
instrument, type
of instrument
-----
Identification GB00B09LSH68
code
b) Nature of the Share disposal to cover tax
transaction and NI on vesting of Performance
Share Award
----- ----------------------------- --------------------------------------
c) Price(s) and volume(s)
----- ----------------- -----------------
Price(s) Volume(s)
----- ----------------- -----------------
GBP 3.492 18,024
----------------- -----------------
d) Aggregated information
-----
- Aggregated volume 18,024
- Price GBP 62,939.81
e) Date of the transaction 3 April 2018
----- ----------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange
----- ----------------------------- --------------------------------------
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 Initial Notification
/Amendment
----- ----------------------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----- ---------------------------------------------------------------------
a) Name Inmarsat plc
----- ----------------------------- --------------------------------------
b) LEI 213800QU7UAKT6KMRF41
----- ----------------------------- --------------------------------------
4.1 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 Ordinary Shares
the financial
instrument, type
of instrument
-----
Identification GB00B09LSH68
code
b) Nature of the Share Acquisition through
transaction vesting of Performance Share
Award
----- ----------------------------- --------------------------------------
c) Price(s) and volume(s)
----- ----------------- -----------------
Price(s) Volume(s)
----- ----------------- -----------------
GBP 0.00 29,040
----------------- -----------------
d) Aggregated information
-----
- Aggregated volume 29,040
- Price GBP 0.00
e) Date of the transaction 3 April 2018
----- ----------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange
----- ----------------------------- --------------------------------------
4.2 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 Ordinary Shares
the financial
instrument, type
of instrument
-----
Identification GB00B09LSH68
code
b) Nature of the Share disposal to cover tax
transaction and NI on vesting of Performance
Share Award
----- ----------------------------- --------------------------------------
c) Price(s) and volume(s)
----- ----------------- -----------------
Price(s) Volume(s)
----- ----------------- -----------------
GBP 3.492 13,684
----------------- -----------------
d) Aggregated information
-----
- Aggregated volume 13,684
- Price GBP 47,784.53
e) Date of the transaction 3 April 2018
----- ----------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange
----- ----------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUGUUWCUPRGPC
(END) Dow Jones Newswires
April 04, 2018 08:32 ET (12:32 GMT)
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