20th Mar 2008 13:49
Inmarsat PLC20 March 2008 RNS NOTIFICATION: 20 March 2008 SHARE AWARDS TO EXECUTIVE DIRECTORS AND PDMRs These notifications are made in accordance with DR 3.1.4.R. PERFORMANCE SHARE PLAN The following contingent awards have been made under the Performance Share Plan("PSP") on 19 March 2008 using the middle market closing price of £4.3875 on 18March 2008. +--------------------+--------------------------+|Executive Director |Number of ordinary shares || |awarded under PSP on 19 || |March 2008 |+--------------------+--------------------------+| | || | ||Andrew Sukawaty |100,284 |+--------------------+--------------------------+| | || | ||Rick Medlock |91,555 |+--------------------+--------------------------+| | || | ||Rupert Pearce |26,778 |+--------------------+--------------------------+| | || | ||Perry Melton |22,453 |+--------------------+--------------------------+| | || | ||Richard Denny |22,222 |+--------------------+--------------------------+| | || | ||Leo Mondale |18,414 |+--------------------+--------------------------+| | || | ||Debbie Jones |20,090 |+--------------------+--------------------------+| | || | ||Alison Horrocks |17,649 |+--------------------+--------------------------+ The shares will generally vest on the third anniversary of the date of grant, inMarch 2011 to the extent that performance conditions have been satisfied. Awardswere made at nil cost to participants. The performance condition will be basedon the Company's TSR and EBITDA growth over the three-year period. BONUS SHARE PLAN On the same date, the executive directors and PDMRs listed below were each givena monetary award under the Company's Bonus Share Plan. Subject to the Company meeting its corporate targets for the 2008 financialyear, the monetary award will be converted to an award of shares following theannouncement of the Company's 2008 financial results, expected in March 2009. Ifthe targets are achieved, an announcement as to the number of shares to beawarded will be made at that date. If an award of shares is made, the shareswill vest in three tranches in March 2010, March 2011 and March 2012. The executive directors and PDMRs receiving the award are Andrew Sukawaty, RickMedlock, Richard Denny, Alison Horrocks, Debbie Jones, Perry Melton, Leo Mondaleand Rupert Pearce. Submitted by: Alison Horrocks, Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Inmarsat