17th Nov 2009 10:03
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
Inmarsat plc
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights: ( )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : (X) Internal reorganization of the Harbinger Capital Partners group
3. Full name of person(s) subject to the notification obligation (iii):
Harbinger Capital Partners LLC in its capacity as investment adviser to (i) Harbinger Capital Partners Master Fund I, Ltd. and (ii) Harbinger Capital Partners Special Situations Fund, L.P.
HGW GP, Ltd. as general partner of HGW Holding Company, L.P.
4. Full name of shareholder(s) (if different from 3.) (iv):
Harbinger Capital Partners Master Fund I, Ltd.;
Harbinger Capital Partners Special Situations Fund, L.P.; and
HGW Holding Company, L.P.
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
12 November 2009
6. Date on which issuer notified:
16 November 2009
7. Threshold(s) that is/are crossed or reached:
28%
8. Notified details:
A: Voting rights attached to shares viii, xi
|
Class/type of shares if possible using the ISIN CODE |
Situation previous to the Triggering transaction |
Resulting situation after the triggering event |
|||||
|
Number of shares |
Number of voting rights |
Number of shares |
Number of voting rights |
% of voting rights x |
|||
|
|
|
|
Direct xi |
Indirect xii |
Direct |
Indirect |
|
|
GB00B09LSH68 |
129,277,349 |
129,277,349 |
129,277,349 |
28.13% |
|||
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
|
Type of financial instrument |
Expiration Date xiii |
Exercise/Conversion Period/ Date xiv |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
|
N/A |
N/A |
N/A |
N/A |
N/A |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
|
Type of financial instrument |
Exercise price |
Expiration Date xvii |
Exercise/ Conversion Period/ Date xviii |
Number of voting rights instrument refers to |
% of voting rights xix, xx Nominal Delta |
|
Inmarsat plc US$287,700,000 1.75% Convertible Bonds due 2017 |
US$12.6940 |
16 November 2017 |
From 31 December 2007 to 9 November 2017 |
992,594 |
0.22% |
Total (A+B+C)
|
Number of voting rights |
% of voting rights |
|
130,269,943 |
28.35% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
Harbinger Capital Partners LLC serves as investment adviser to (i) Harbinger Capital Partners Master Fund I, Ltd. and (ii) Harbinger Capital Partners Special Situations Fund, L.P. The managing member of Harbinger Capital Partners LLC is Harbinger Holdings, LLC, which is in turn controlled by Philip A. Falcone.
HGW GP, Ltd, is the general partner of HGW Holding Company, L.P. HGW GP, Ltd. is controlled by Philip A. Falcone.
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
N/A
14. Contact name: Alison Horrocks
15. Contact telephone number: 020 7728 1626
Related Shares:
Inmarsat