Inmarsat Share Plans and Inmarsat Convertible Bonds Sample Clauses

Inmarsat Share Plans and Inmarsat Convertible Bonds. Participants in the Inmarsat Share Plans will be contacted regarding the effect of the Acquisition on their rights under the Inmarsat Share Plans and appropriate proposals in accordance with Rule 15 of the Code where required will be made to such participants in due course. Details of these proposals will be set out in the Scheme Document and in separate letters to be sent to the participants in the Inmarsat Share Plans. Holders of the Inmarsat Convertible Bonds will be contacted regarding the effect of the Acquisition on their rights in respect of the Inmarsat Convertible Bonds and appropriate proposals will be made to such bondholders in due course. Details of these proposals will be set out in the Scheme Document. The Acquisition will extend to any Inmarsat Shares which are unconditionally allotted, issued or transferred out of the Inmarsat Employees' Share Ownership Plan Trust at or before the Scheme Record Time, including those allotted, issued or transferred to satisfy the exercise of options or vesting of awards under the Inmarsat Share Plans. The Scheme will not extend to Inmarsat Shares issued after the Scheme Record Time. However, it is proposed to amend Inmarsat’s articles of association at the Inmarsat General Meeting to provide that, if the Acquisition becomes Effective, any Inmarsat Shares issued to any person other than Triton Bidco or its nominees after the Scheme Record Time (including in satisfaction of an option exercised under one of the Inmarsat Share Plans or on conversion of the Inmarsat Convertible Bonds) will be automatically transferred to Triton Bidco in consideration for the payment by Triton Bidco to such persons of an amount equal to the Cash Consideration for each Inmarsat Share so transferred. The Co-operation Agreement contains certain agreed arrangements with respect to the treatment of outstanding awards and options over Inmarsat Shares under the Inmarsat Share Plans.
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