Eutelsat Communications: Announcement Regarding Inmarsat Plc (“Inmarsat”)
26 Juni 2018 - 9:15AM
Business Wire
Regulatory News:
Eutelsat Communications (Paris:ETL) :
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 OR REGULATIONS OF SUCH
JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY
CODE ON TAKEOVERS AND MERGERS (THE “CODE”)
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Pursuant to market rumours, during the trading session on 25
June 2018, Eutelsat Communications S.A. (“Eutelsat”) issued, at the
request of the UK Panel on Takeovers and Mergers (the “Panel”), a
press release confirming that it was considering a possible offer
for Inmarsat, without any certainty that an offer would be made.
This statement was made in strict compliance with Rule 2.2 of the
Code.
Eutelsat hereby states that it does not intend to make an offer
for Inmarsat and is consequently, except with the consent of the
Panel, bound by the restrictions set out under Rule 2.8 of the Code
applicable during six months from the date of this
announcement.
Eutelsat reserves the right to announce an offer or possible
offer for Inmarsat or participate in an offer or possible offer for
Inmarsat or take any other action which would otherwise be
restricted under Rule 2.8 of the Code within six months from the
date of this announcement in the following circumstances: (i) with
the consent of the Board of Inmarsat; (ii) if a third party
(including another publicly identified potential offeror) announces
a firm intention to make an offer for Inmarsat; (iii) if Inmarsat
announces a “whitewash” proposal or a reverse takeover; or (iv) if
the Panel determines there has been a material change of
circumstances.
Important noticesGoldman Sachs International, which is
authorised by the Prudential Regulation Authority and regulated by
the Financial Conduct Authority and the Prudential Regulation
Authority in the United Kingdom, is acting exclusively for Eutelsat
and no one else in connection with the matters referred to in this
announcement and will not be responsible to anyone other than
Eutelsat for providing the protections afforded to clients of
Goldman Sachs International, or for providing advice in relation to
the matters referred to in this announcement.
Publication of this announcementA copy of this
announcement will be available, subject to certain restrictions
relating to persons resident in restricted jurisdictions, at
www.eutelsat.com, by no later than 12 noon (London time) on 27 June
2018. The content of the website referred to in this announcement
is not incorporated into and does not form part of this
announcement.
Additional Information
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities, or the solicitation of any
vote or approval in any jurisdiction, pursuant to this announcement
or otherwise. Any offer, if made, will be made solely by certain
offer documentation which will contain the full terms and
conditions of any offer, including details of how it may be
accepted. The distribution of this announcement in jurisdictions
other than the United Kingdom and the availability of any offer to
shareholders of Inmarsat who are not resident in the United Kingdom
may be affected by the laws of relevant jurisdictions. Therefore
any persons who are subject to the laws of any jurisdiction other
than the United Kingdom or shareholders of Inmarsat who are not
resident in the United Kingdom will need to inform themselves
about, and observe, any applicable requirements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180626005656/en/
EutelsatInvestorsJoanna
Darlington, + 33 1 53 98 31 07jdarlington@eutelsat.comorCédric
Pugni, + 33 1 53 98 31
54cpugni@eutelsat.comorEutelsatPress
relationsMarie-Sophie Ecuer, + 33 1 53 98 37
91mecuer@eutelsat.comorGoldman SachsPierre
Hudry, +33 1 42 12 11 22orMark Sorrell, +44 20 7774 1000orChris
Emmerson, +44 20 7774 1000
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