20th Jun 2005 14:21
Inmarsat PLC20 June 2005 Inmarsat plc Announcement of Exercise of Over-Allotment Arrangements 20 June 2005 Inmarsat plc (the "Company") announces that, in connection with its initialpublic offering of ordinary shares (the "Global Offer"), Morgan StanleySecurities Limited, as stabilising manager, has today given notice to exercisethe over-allotment arrangements in respect of 15 million ordinary shares in theCompany. None of the £36.75 million proceeds arising from the execution of theover-allotment arrangements will be received by the Company. Including the exercise of the over-allotment arrangements, the total size of theGlobal Offer is £404.25 million (165 million ordinary shares, in totalrepresenting approximately 36 per cent. of the 456.7 million ordinary shares ofthe Company in issue following Admission). It is expected that Admission will become effective and unconditional dealingsin the ordinary shares of the Company will commence at 8:00 a.m. on 22 June 2005under the ticker symbol ISAT. The contents of this announcement, which have been prepared by and are the soleresponsibility of Inmarsat plc, have been approved by JPMorgan Cazenove Limitedof 20 Moorgate, London EC2R 6DA and Morgan Stanley & Co International Limited of25 Cabot Square, Canary Wharf, London E14 4QA solely for the purposes of section21(2)(b) of The Financial Services and Markets Act 2000. JPMorgan Cazenove, Lehman Brothers, Merrill Lynch International and MorganStanley or their respective affiliates are acting exclusively for Inmarsat plcand no-one else in connection with the proposed listing and equity offerings(the "Offer") and will not be responsible to anyone other than Inmarsat plc forproviding the protections afforded to their respective clients nor for providingadvice in relation to the Offer. This announcement does not constitute or form part of any offer of securities,or constitute a solicitation of any offer to purchase or subscribe forsecurities, and any acquisition of or application for shares in the Offer shouldonly be made on the basis of information contained in the prospectuses issued on1 June 2005 and 17 June 2005 in connection with the Offer, and any supplement oramendment thereto. The prospectuses contain certain detailed information aboutInmarsat plc and its management, as well as financial statements and otherfinancial data. This announcement is not for release, publication or distribution in or intoAustralia, Canada, Japan or the United States or any jurisdiction where suchannouncement would be unlawful. This announcement does not constitute an offer of securities for sale in anyjurisdiction, including the United States. The securities referred to hereinhave not been and will not be registered under the US Securities Act of 1933(the "Securities Act"), and may not be offered or sold in the United Statesunless they are registered under the Securities Act or pursuant to an availableexemption therefrom. No public offering of securities of Inmarsat plc is beingmade in the United States. This does not constitute a recommendation concerning the Offer. The value ofshares can go down as well as up. Past performance is not a guide to futureperformance. Potential investors should consult a professional advisor as to thesuitability of any offering for the individual concerned. Stabilisation/FSA This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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