22nd May 2019 15:46
AMENDMENT
DECREASED EQUITY SALES BY 1,141,899 TO 5,321,364
ADDED EQUITY SWAP SALES OF 32,800
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Inmarsat plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial Advisor to Inmarsat plc |
(d) Date dealing undertaken: | 10 May 2019 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
Ordinary Share
| Purchase
Sale | 7,500,304
5,321,364 | 5.3778 GBP
5.4020 GBP | 5.2920 GBP
5.2500 GBP |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
Convertible Bond
| Purchase
Sale | 9,200,000
7,000,000 | 149.2500 USD
149.3750 USD | 148.1600 USD
149.3750 USD |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
Ordinary Share | Equity Swap | Long
Short
| 7,900 11 9,083 3,127 35,564 4,137 690 33,092 85,960 2,473 4,771 2,850 3,330 32,236 76,401 2,360
283 3,082 150,000 773 422 37,894 6,119 78,846 193,763 29,591 143,600 1,061 11,966 3,276 91,362 2,736 1,665 17,376 1,365 5,362 112,131 347 287,096 32,800 3,964 4,794 937 350,000 150,000 | 5.2984 GBP 5.3071 GBP 5.3145 GBP 5.3184 GBP 5.3306 GBP 5.3357 GBP 5.3398 GBP 5.3399 GBP 5.3421 GBP 5.3424 GBP 5.3453 GBP 5.3486 GBP 5.3571 GBP 5.3598 GBP 5.3600 GBP 5.4019 GBP
5.2980 GBP 5.3021 GBP 5.3052 GBP 5.3055 GBP 5.3070 GBP 5.3093 GBP 5.3121 GBP 5.3148 GBP 5.3204 GBP 5.3274 GBP 5.3407 GBP 5.3415 GBP 5.3504 GBP 5.3506 GBP 5.3515 GBP 5.3549 GBP 5.3556 GBP 5.3560 GBP 5.3582 GBP 5.3585 GBP 5.3600 GBP 5.3605 GBP 5.3656 GBP 5.3778 GBP 6.9008 USD 6.9086 USD 6.9138 USD 6.9700 USD 6.9878 USD |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
|
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None
|
| Date of disclosure: | 22 May 2019 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Inmarsat