31st Mar 2015 18:00
31 March 2015
Inmarsat plc: Director share dealings
Vesting of shares under Performance Share Plan (PSP)
Awards over ordinary shares of €0.0005 in Inmarsat plc under the Performance Share Plan award made in March 2012 have partially vested.
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 2014 and weighed equally. Both performance conditions were partially met resulting in 54.47% of the total award vesting.
Mr Sukawaty received his share award while he held an executive position in the Company.
The PSP is not a HM Revenue & Customs approved plan and on vesting, income tax and social security deductions become payable by the individual.
The share price at which shares were sold on 31 March 2015 was £9.4104 per share. Where shares have been retained they will be added to the existing number of ordinary shares for the relevant individual.
Name | Number of shares vesting including reinvested dividends | Number of shares sold on 31 March 2015 | Number of shares retained | Total shareholding |
Andrew Sukawaty | 187,763 | 187,763 | 0 | 937,228 |
Rupert Pearce | 83,483 | 39,336 | 44,147 | 747,046 |
Related Shares:
Inmarsat