Inmarsat PLC Director/PDMR Shareholding (7261H)
June 09 2017 - 11:36AM
UK Regulatory
TIDMISAT
RNS Number : 7261H
Inmarsat PLC
09 June 2017
9 June 2017
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 made to Mr Bates on his joining the
Company in June 2014 vested on 9 June 2017.
Vesting of the award was dependent on 3-year TSR vs the FTSE350
(excluding Investment Trusts) and 3-year EBITDA growth, measured
over the three years to 31 December 2016 and weighed equally. The
vesting outcome is the same as that disclosed for the share award
that vested in March 2017 for other PDMRs which was a vesting
outcome of 30% of the element for TSR (or 15% out of 100% of the
total award) and 66% of EBITDA (or 33% out of the total award)
vesting occurred. 48% of the total award vested.
The PSA is not a HM Revenue & Customs approved plan and on
vesting, income tax and social security deductions ('tax and NI')
become payable. Sufficient shares were sold to cover tax and NI and
the remaining shares were added to the existing number of ordinary
shares held by Mr Bates.
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 Tony Bates
---- ------------------------------ ------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Chief Finance 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
---- ------------------------------ ------------------------------------
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 Ordinary Shares
the financial
instrument, type
of instrument
----
Identification GB00B09LSH68
code
b) Nature of the Share Acquisition through
transaction vesting of Performance Share
Award (acquired 32,179, sold
15,155 and retained 17,024
shares)
---- ------------------------------ ------------------------------------
c) Price(s) and volume(s)
---- ---------------- ---------------
Price(s) Volume(s)
---- ---------------- ---------------
GBP 0.00 32,179
---------------------------------------------------- ---------------
d) Aggregated information
----
- Aggregated volume 32,179
- Price GBP 0.00
e) Date of the transaction 9 June 2017
---- ------------------------------ ------------------------------------
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 Finance 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
---- ------------------------------ -----------------------------------------
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 Ordinary Shares
the financial
instrument, type
of instrument
----
Identification GB00B09LSH68
code
b) Nature of the Share Disposal to cover tax
transaction and NI arising from the vested
Performance Share Award (acquired
32,179, sold 15,155 and retained
17,024 shares)
---- ------------------------------ -----------------------------------------
c) Price(s) and volume(s)
---- ------------------ ------------------
Price(s) Volume(s)
---- ------------------ ------------------
GBP 8.13 15,155
------------------------------------------------------ ------------------
d) Aggregated information
----
- Aggregated volume 15,155
- Price GBP123,295.02
e) Date of the transaction 9 June 2017
---- ------------------------------ -----------------------------------------
f) Place of the transaction London Stock Exchange
---- ------------------------------ -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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