14th Aug 2014 11:31
Adjustment to the Conversion Price of the Inmarsat plc
$287,700,000 1.75% Convertible Bonds due 2017 (the "Notes", ISIN = XS0331843523)
Adjustment Event
On 5th August 2014 Inmarsat plc announced that on 24th October 2014 it would pay an interim cash Dividend of 18.68 cents (US$) per Ordinary Share to Shareholders on the register of members on the record date of 3rd October 2014.
Adjustment of Conversion Price
As a result of the announcement by Inmarsat plc that it will pay this cash Dividend, an adjustment to the Conversion Price is required pursuant to Conditions 5 (b) (iii) of the Terms and Conditions of the Notes.
The Conversion Price and Conversion Ratio will be adjusted with effect from 24th October 2014 as set out below.
Conversion Price Conversion Ratio
Current $12.31 Current 8,123
Old $12.49 Old 8,006
All words and terms that are capitalised herein shall have the same meaning as set out in the Terms and Conditions of the Notes.
Contact; George Sawtell (Deputy Treasurer)
0207 728 1442/[email protected]
Related Shares:
Inmarsat