17th Mar 2006 16:47
Inmarsat PLC17 March 2006 17th March 2006 Notifiable Interest in the Ordinary Shares of Inmarsat plc Inmarsat plc was notified on 16th March by Lehman Brothers International (Europe) (Lehman) in the following terms: Open quote On 14 March 2006, Lehman Brothers International (Europe) (Lehman) entered intounderwriting arrangements (pursuant to a placing agreement dated 13 March 2006)with, inter alia, certain funds advised by Apax Partners Worldwide LLP, certainfunds advised by Permira, Comsat Investments Inc., a subsidiary of LockheedMartin Corporation and Telenor Satellite Broadcasting AS (together, the SellingShareholders) pursuant to which Lehman agreed to procure purchasers for, orfailing which itself to purchase, 37,067,527 ordinary shares of €0.0005 each inthe capital of the Company (the Ordinary Shares) which are currently owned bythe Selling Shareholders. As a result of the underwriting arrangements entered into and ordinary marketactivities, we hereby notify you in accordance with Part VI of the Act that: (a) as at 14 March 2006, Lehman was interested for the purposes of Part VI of the Act in 40,466,190 Ordinary Shares as comprised in the relevant share capital, as defined in section 198(2) of the Act, of the Company (the Relevant Shares); (b) so far as known to Lehman, as at the date hereof, the identity of each of the registered holders of the Relevant Shares and the number of such shares held by each registered holder are as follows: Name of registered holder Number of Relevant Shares Permira Europe III L.P. 1 2,751,825Permira Europe III L.P. 2 7,939,944Permira Europe III GmbH & Co. KG 103,926Permira Europe III Co-Investment Scheme 67,233Permira Investments Limited 196,076Apax V-A Holdco2 Limited 6,912,284Apax WW Nominees Limited - A/C AE5 4,146,717Comsat Investments, Inc. 4,366,763Telenor Satellite Broadcasting AS (formerly calledTelenor Satellite Services AS) 10,582,759Lehman Brothers International (Europe) 3,398,663 (c) so far as known to Lehman, as at the date hereof, of the Relevant Shares in which Lehman is taken to be interested, none is a Relevant Share in which Lehman is taken to be interested by virtue of section 208(5) of the Act. Assuming that Lehman is not required to purchase any of the 37,067,527 OrdinaryShares that it is interested in for the purposes of Part VI of the Act pursuantto the underwriting arrangements entered into by it on 14 March 2006 (forexample, as a result of a placee of the shares defaulting on his allocation), onsettlement of the transactions on 17 March 2006 Lehman will no longer have anotifiable interest for the purposes of Part VI of the Act in the RelevantShares and, if so, will make a further notification to that effect at that time. Yours faithfully For and on behalf of Lehman Brothers International (Europe) Close quoteInmarsat plc was further notified on 17th March by Lehman Brothers International(Europe) (Lehman) in the following terms: Open quote On 16 March 2006, Lehman Brothers International (Europe) (Lehman) notified theCompany that Lehman was interested in 40,466,190 ordinary shares of €0.0005 each(the Ordinary Shares) in the relevant share capital, as defined in section 198(2) of the Act, of the Company (the Relevant Shares). The interest of Lehman in the Relevant Shares arose as a result of ordinarymarket activities and also underwriting arrangements entered into on 14 March2006 (pursuant to a placing agreement dated 13 March 2006) with, inter alia,certain funds advised by Apax Partners Worldwide LLP, certain funds advised byPermira, Comsat Investments Inc., a subsidiary of Lockheed Martin Corporationand Telenor Satellite Broadcasting AS (the Selling Shareholders) pursuant towhich Lehman agreed to procure purchasers for, or failing which itself topurchase, 37,067,527 Ordinary Shares owned by the Selling Shareholders. Following settlement of the placing, we hereby notify you in accordance withPart VI of the Act that, as at 17 March 2006, Lehman no longer has a notifiableinterest for the purposes of Part VI of the Act in the Relevant Shares. Yours faithfully For and on behalf of Lehman Brothers International (Europe) Close quote Contact:Simon Ailes +44 20 7728 1518 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Inmarsat