8th Oct 2019 12:14
AMENDMENT
INCREASED EQUITY PURCHASES BY 333,276 TO 1,285,510
DECREASED EQUITY SALES BY 559,550 TO 461,114
ADDED EQUITY SWAP PURCHASES OF 39,836
ADDED EQUITY SWAP SALES OF 895,689
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: | 1 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 (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Share
| Purchase
Sale | 1,285,510
461,114 | 5.8880
5.8887 | 5.8362
5.8162 |
(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
| 2,682 9,341 105,980 47,346 5,473 6,822 6,085 11,394 2,055 3,006 73,660
2 143 7 561 243 9,341 10,558 23,493 21,684 50 137 3,720 11 3,492 241 1,384 290 27 6 9,490 136 3,993 816 57 24,678 83,484 1,203 1,794 874 2,461 86,900 12,937 7 900 562,556 245,476 | 5.8497 GBP 5.8520 GBP 5.8664 GBP 5.8692 GBP 5.8697 GBP 5.8699 GBP 5.8785 GBP 5.8786 GBP 5.8791 GBP 7.1656 USD 7.1727 USD
5.8426 GBP 5.8440 GBP 5.8466 GBP 5.8500 GBP 5.8501 GBP 5.8520 GBP 5.8526 GBP 5.8564 GBP 5.8591 GBP 5.8603 GBP 5.8607 GBP 5.8611 GBP 5.8612 GBP 5.8623 GBP 5.8625 GBP 5.8627 GBP 5.8628 GBP 5.8654 GBP 5.8656 GBP 5.8659 GBP 5.8662 GBP 5.8663 GBP 5.8667 GBP 5.8670 GBP 5.8683 GBP 5.8700 GBP 5.8706 GBP 5.8733 GBP 5.8735 GBP 5.8767 GBP 5.8799 GBP 5.8801 GBP 5.8834 GBP 7.1902 USD 7.1999 USD 7.2170 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: | 8 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