10th May 2019 15:36
AMENDMENT
INCREASED EQUITY SALES BY 1,000,000 TO 5,442,323
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: | 7 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 | 5,809,589
5,442,323 | 5.3564 GBP
5.3640 GBP | 5.2789 GBP
5.2620 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 | 1,000,000
- | 148.7500 USD
- | 148.2500 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
| 200 2,109 795 1,687 4,932 724 5,751 4 11,091 18,974 1,516 1,789 50,812 30,091 258 890 71,952 24,428 12,684 22,574 105,958 7,819 1,430,634
33,773 1,300,000 804 104,051 92,147 88,037 55,272 22,316 171 1,671 9,811 4,932 173 1,841 29,735 32,060 100,000 25,000 6,505 5,607 150,000 | 5.2910 GBP 5.3029 GBP 5.3034 GBP 5.3038 GBP 5.3039 GBP 5.3040 GBP 5.3046 GBP 5.3055 GBP 5.3068 GBP 5.3077 GBP 5.3085 GBP 5.3093 GBP 5.3097 GBP 5.3099 GBP 5.3118 GBP 5.3131 GBP 5.3136 GBP 5.3144 GBP 5.3173 GBP 5.3178 GBP 5.3180 GBP 5.3188 GBP 6.9306 USD
5.3095 GBP 5.3113 GBP 5.3164 GBP 5.3176 GBP 5.3180 GBP 5.3192 GBP 5.3204 GBP 5.3205 GBP 5.3210 GBP 5.3216 GBP 5.3246 GBP 5.3311 GBP 5.3345 GBP 5.3350 GBP 5.3356 GBP 5.3564 GBP 6.9233 USD 6.9235 USD 6.9333 USD 6.9374 USD 6.9420 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: | 10 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