24th Oct 2019 15:44
AMENDMENT
INCREASED EQUITY SALES BY 382,239 TO 786,256
ADDED EQUITY SWAP PURCHASES OF 382,239
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: | 11 October 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 | 2,590,195
786,256 | 5.7500 GBP
5.8445 GBP | 5.6260 GBP
5.6320 GBP |
(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
| 8,077 14,476 5,060 23,910 14,505 824 22,344 470 12,696 4,729 128,470 88,052 8,036 1,260 30 14 1,403 1,292 889 4,037 374,048 8,191
40,087 72 570 1,330 55 7,937 26,017 2,752 679 3,380 5,547 995 8,036 16 180 112 60 4,390 2,258,700 50,901 | 5.6418 GBP 5.6420 GBP 5.6460 GBP 5.6461 GBP 5.6490 GBP 5.6510 GBP 5.6604 GBP 5.6613 GBP 5.6644 GBP 5.6700 GBP 5.6741 GBP 5.7310 GBP 5.7320 GBP 5.7337 GBP 5.7360 GBP 5.7424 GBP 5.7462 GBP 5.7483 GBP 5.7484 GBP 5.7703 GBP 7.1611 USD 7.1790 USD
5.6420 GBP 5.6422 GBP 5.6462 GBP 5.6482 GBP 5.6512 GBP 5.6587 GBP 5.6699 GBP 5.6903 GBP 5.6961 GBP 5.6995 GBP 5.7021 GBP 5.7223 GBP 5.7320 GBP 5.7321 GBP 5.7343 GBP 5.7420 GBP 5.7430 GBP 5.7431 GBP 5.7500 GBP 7.1050 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 |
Ordinary Share |
(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: | 24 October 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