Inmarsat PLC No intention to make an offer for Avanti (7615F)
August 01 2016 - 1:00AM
UK Regulatory
TIDMISAT TIDMAVN
RNS Number : 7615F
Inmarsat PLC
01 August 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
1 August 2016
NO INTENTION TO MAKE AN OFFER FOR AVANTI
Inmarsat (LSE: ISAT.L) notes the recent press speculation
regarding Avanti Communications Group plc ("Avanti"). Inmarsat
confirms that it was contacted by Avanti's advisers following the
announcement by that company of a strategic review and formal sale
process on 11 July 2016, and responded to that contact. Inmarsat
confirms it has withdrawn from Avanti's announced process and it is
not considering an offer for the shares of Avanti.
This announcement is made in accordance with Rule 2.8 of the
Code. As a result, Inmarsat and any person acting in concert with
it will, except with the consent of the Takeover Panel, be bound by
the restrictions contained in Rule 2.8 of the Code.
Contacts:
Investor Enquiries: Media Enquiries:
Morten Singleton Chris McLaughlin/ Jonathan
Tel: +44 (0)20 7728 Sinnatt
1518 Tel: +44 (0)20 7728 1935
Morten.singleton@inmarsat.com Chris.mclaughlin@inmarsat.com
Jonathan.sinnatt@inmarsat.com
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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