THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH AN OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS
Connect Bidco Limited
Rule 19.6(c) confirmation with respect to stated post-offer intentions with regard to Inmarsat plc, now Inmarsat Global Holdings Limited (“Inmarsat”)
Connect Bidco Limited ("Bidco") announces that, further to the completion of its recommended cash offer for Inmarsat, which was effected by way of scheme of arrangement under Part 26 of the Companies Act 2006 on 4 December 2019, its board of directors has duly confirmed in writing to the Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that Bidco has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code, as originally detailed in its announcement of 25 March 2019 and the scheme document published on 18 April 2019, and as subsequently revised in Bidco’s announcement of 15 May 2020 made pursuant to Rule 19.6(b) of the Code.
Enquiries:
Bidco: Julie Foster +44 (0) 7471 992907
Inmarsat: Jonathan Sinnatt +44 (0) 7889 605272
