10th Mar 2008 18:08
Inmarsat PLC10 March 2008 10 March 2008 Inmarsat plc: Vesting of existing 2005 Bonus Share Plan award and share awardunder 2007 Bonus Share Plan The first share awards over ordinary shares of €0.0005 in Inmarsat plc under the2005 Bonus Share Plan were made in March 2006 (following the monetary award madein May 2005) to the following executive directors and executives who areclassified as Persons Discharging Managerial Responsibility. Under the Rules of the Bonus Share Plan, the shares vest over three years. Thefirst vesting occurred on 20 March 2007 and the second vesting of shares andreinvested dividends took place on 7 March 2008. The remaining shares will vestin March 2009. The Bonus Share Plan is not an HM Revenue & Customs approved plan and onvesting, income tax and social security deductions become payable by theindividual. The share price at which shares were sold on 10 March 2008 was 457pper share. Where shares have been retained they will be added to the existing number ofordinary shares for the relevant individual. +-----------------+------------------+---------------+---------------+|Name | Number of shares | Number of | Number of || |vesting on 7 March|shares sold on |shares retained|| | 2008 including | 10 March 2008 | on 10 March || | reinvested | | 2008 || | dividends | | |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Michael Butler* | 9,039 | 9,039 | - |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Richard Denny | 4,056 | 4,056 | - |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Alison Horrocks | 2,781 | - | 2,781 |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Eugene Jilg | 7,648 | 3,147 | 4,501 |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Debra Jones | 3,709 | - | 3,709 |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Rick Medlock* | 9,039 | 9,039 | - |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Perry Melton | 4,867 | 4,867 | - |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Leo Mondale | 4,601 | 1,278 | 3,323 |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Rupert Pearce | 6,119 | 2,518 | 3,601 |+-----------------+------------------+---------------+---------------+| | | | || | | | ||Andrew Sukawaty* | 19,555 | 8,046 | 11,509 |+-----------------+------------------+---------------+---------------+ Award under 2007 Bonus Share Plan Share awards over ordinary shares of €0.0005 under the 2007 Bonus Share Planhave been made to the following executive directors and executives who areclassified as Persons Discharging Managerial Responsibility. These awards are based on a monetary award approved by the RemunerationCommittee of the Company in March 2007 with the number of shares to be awardedbeing based on the mid-point closing price of the share price on 7 March 2008 of458p. The awards under the Bonus Share Plan were contingent upon the Companymeeting specified financial targets in respect of the 2007 Financial Year, whichit has done and therefore the individuals noted below have been awarded thefollowing number of shares. These shares vest in three instalments in March2009, March 2010 and March 2011. +----------------------------------+----------------------------------+|Name |Number of shares awarded |+----------------------------------+----------------------------------+| | || | ||Michael Butler* |65,537 |+----------------------------------+----------------------------------+| | || | ||Richard Denny |39,322 |+----------------------------------+----------------------------------+| | || | ||Alison Horrocks |32,626 |+----------------------------------+----------------------------------+| | || | ||Eugene Jilg |50,245 |+----------------------------------+----------------------------------+| | || | ||Debra Jones |37,138 |+----------------------------------+----------------------------------+| | || | ||Rick Medlock* |58,503 |+----------------------------------+----------------------------------+| | || | ||Perry Melton |41,507 |+----------------------------------+----------------------------------+| | || | ||Leo Mondale |35,026 |+----------------------------------+----------------------------------+| | || | ||Rupert Pearce |49,503 |+----------------------------------+----------------------------------+| | || | ||Andrew Sukawaty* |66,248 |+----------------------------------+----------------------------------+ *denotes executive director. All other executives are those who are consideredPersons Discharging Managerial Responsibility. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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