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Inmarsat Plc

ISA.L

Latest Trade

545.80GBp

Change

-4.80(-0.87%)

Volume

9,994,476

Today's Range

542.80

 - 

548.00

52 Week Range

355.00

 - 

617.20

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Inmarsat Issues Statement Regarding Court Hearing

Nov 20 (Reuters) - Inmarsat PLC <ISA.L>::INMARSAT PLC - STATEMENT BY INMARSAT REGARDING COURT HEARING.INMARSAT - BOARD FULLY CONSIDERED FIDUCIARY DUTIES WHEN ASSESSING TERMS OF DEAL WITH BIDCO, RECOMMENDING SCHEME & PROCEEDING WITH COURT HEARING.INMARSAT - BOARD CONTINUES TO PROPERLY ASSESS VALUATION OF COMPANY INCLUDING PROSPECT OF REVENUE ATTRIBUTABLE TO COOPERATION AGREEMENT WITH LIGADO.INMARSAT PLC - BOARD OF VIEW THAT POTENTIAL INCOME UNDER LIGADO COOPERATION AGREEMENT REMAINS UNCERTAIN GIVEN CUMULATIVE CONTINGENCIES.INMARSAT - LIGADO LICENCE GRANT MODIFICATION WOULD NOT MATERIALLY CHANGE VALUATION ASCRIBED TO INCOME FROM PAYMENTS DUE CONTRACTUALLY.INMARSAT PLC - DIRECTORS CONTINUE TO UNANIMOUSLY RECOMMEND ACQUISITION OF INMARSAT BY CONNECT BIDCO LIMITED.INMARSAT- BOARD CONCLUDED TERMS OF ACQUISITION BY CONNECT BIDCO WERE "FAIR AND REASONABLE".INMARSAT - BOARD VIEWS POTENTIAL INCOME UNDER LIGADO AGREEMENT REMAINS UNCERTAIN GIVEN REFINANCING OF LIGADO'S EXISTING DEBT OF $4.6BN PLUS CHARGES.INMARSAT - BOARD VIEWS POTENTIAL INCOME UNDER LIGADO AGREEMENT REMAINS UNCERTAIN GIVEN LIKELY TERMS OF LIGADO LICENCE MODIFICATION (IF GRANTED).INMARSAT- BOARD VIEWS POTENTIAL INCOME UNDER LIGADO DEAL REMAINS UNCERTAIN GIVEN LIGADO'S ABILITY TO OBTAIN SUFFICIENT FUNDING, GENERATE OPERATING. FCF.

Inmarsat Q3 Rev Falls, Core Profit Slips

Nov 20 (Reuters) - Inmarsat PLC <ISA.L>::Q3 REVENUE FELL 11.4 PERCENT TO 327.3 MILLION USD.QTRLY PROFIT AFTER TAX $36.1 MILLION VERSUS $227.7 MILLION.QTRLY GROUP EBITDA REDUCED BY $33.9M OR 16.4%, TO $172.6M.GROUP REVENUE DECLINED IN Q3, MAINLY DUE TO LACK OF REVENUE CONTRIBUTION FROM LIGADO.EXCLUDING LIGADO, GROUP REVENUE WAS DOWN BY $9.1M IN QUARTER.

Inmarsat - Bourbon Signed A Contract Committing More Than 100 Offshore Support Vessels (Osvs) To Inmarsat's Fleet Xpress

Inmarsat PLC <ISA.L>::INMARSAT - BOURBON SIGNED A CONTRACT COMMITTING MORE THAN 100 OFFSHORE SUPPORT VESSELS (OSVS) TO INMARSAT'S FLEET XPRESS.

Inmarsat Says Court Hearing Will Now Take Place On Nov 28 And Nov 29

Nov 8 (Reuters) - Inmarsat PLC <ISA.L>::UPDATE ON COURT HEARING AND TIMETABLE OF EVENTS.COURT HEARING WILL NOW TAKE PLACE ON 28 AND 29 NOVEMBER 2019..RESCHEDULED HEARING AFTER TALKS WITH COURT ON TIME NEEDED TO PREPARE FOR, HEAR REPRESENTATIONS BY INTERESTED PARTIES ON CONNECT BIDCO DEAL.IF COURT HEARING DOES NOT CONCLUDE ON NOV 28, CO TO MAKE ANNOUNCEMENT TO EXTEND DEADLINE FOR MAKING VALID CURRENCY ELECTION TO NOV. 29.

Connect Bidco Announces Satisfaction/Waiver Of Regulatory Conditions For Inmarsat Deal

Nov 7 (Reuters) - Connect Bidco Ltd::SATISFACTION/WAIVER OF REGULATORY CONDITIONS.ON INMARSAT DEAL, GOT CLEARANCE FROM FOREIGN INVESTMENT REVIEW BOARD IN AUSTRALIA, ALL REGULATORY CONDITIONS SATISFIED OR WAIVED.

Kite Lake Sends Letter To Inmarsat PLC Board Of Directors

Nov 5 (Reuters) - KITE LAKE::KITE LAKE SENDS LETTER TO INMARSAT PLC BOARD OF DIRECTORS FOLLOWING LETTERS FROM OAKTREE AND RUBRIC.KITE LAKE, IN LETTER TO INMARSAT, SAYS IN FULL AGREEMENT WITH POINTS OAKTREE RAISES.KITE LAKE SAYS HAS AN ECONOMIC INTEREST OVER 3.8% OF OUTSTANDING EQUITY OF INMARSAT.KITE LAKE SAYS IF INMARSAT BOARD DECLINES TO ENGAGE WITH OAKTREE REQUEST, KITE LAKE'S CURRENT INTENTION IS TO ATTEND SCHEME HEARING.

Serco To Bid As Prime Contractor For Successor To Skynet 5 Support Contract

Nov 5 (Reuters) - Serco Group PLC <SRP.L>::SERCO GROUP - INTENTION TO BID AS PRIME CONTRACTOR FOR FUTURE UK MINISTRY OF DEFENCE REQUIREMENT FOR SUCCESSOR TO CURRENT SKYNET 5 SUPPORT CONTRACT.SERCO - WILL BE LEADING TEAM OF SPECIALIST SYSTEM INTEGRATORS AND AEROSPACE COS; SERCO LED CONSORTIUM TO COMPRISE OF LOCKHEED MARTIN, CGI AND INMARSAT .

Oaktree Capital Says Inmarsat Takeover Offer Does Not Reflect Value Of Spectrum Assets

Nov 5 (Reuters) - OAKTREE CAPITAL MANAGEMENT: :OAKTREE SENDS LETTER TO INMARSAT PLC BOARD OF DIRECTORS REGARDING TAKEOVER OFFER.OAKTREE - URGES INMARSAT BOARD TO POSTPONE COURT SANCTION HEARING DATE PENDING SPECTRUM APPROVAL OR PROVIDE SHAREHOLDERS WITH CONTINGENT VALUE RIGHT.OAKTREE CAPITAL MANAGEMENT SAYS FUNDS AND ACCOUNTS MANAGED BY FIRM ARE A 2.85% SHAREHOLDER IN INMARSAT.OAKTREE SAYS INMARSAT TAKEOVER OFFER DOES NOT REFLECT VALUE OF SPECTRUM ASSETS.

Connect Bidco, Inmarsat Announce Terms Of Some Legally Binding Post-Offer Undertakings

Nov 1 (Reuters) - Connect Bidco::BIDCO AND INMARSAT ANNOUNCE TERMS OF CERTAIN LEGALLY BINDING POST-OFFER UNDERTAKINGS.POST-OFFER UNDERTAKINGSHAVE BEEN AGREED WITH PANEL.

Inmarsat Says Provisionally Booked Court Hearing To Sanction Deal Scheme On Nov 12

Oct 30 (Reuters) - Inmarsat PLC <ISA.L>::PROVISIONAL DATE OF COURT SANCTION HEARING.PROVISIONALLY BOOKED COURT HEARING TO SANCTION SCHEME ON 12 NOV SUBJECT TO RECEIPT OF OUTSTANDING ANTITRUST AND REGULATORY APPROVALS.EFFECTIVE OCT 28, ROSARIO CORCIONE RESIGNED AS DIRECTOR OF BIDCO AND PASCAL KEUTGENS WAS APPOINTED AS DIRECTOR OF BIDCO.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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