15th Aug 2019 14:23
AMENDMENT Section 2(a) & 2(b)
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: | Morgan Stanley & Co. International 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: | CONNECT BIDCO LIMITED OWNED BY A CONSORTIUM |
(d) Date dealing undertaken: | 13 AUGUST 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" | No |
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 |
EUR 0.0005 ORDINARY | PURCHASES | 309,838 | 5.8230 GBP | 5.7560 GBP |
EUR 0.0005 ORDINARY | SALES | 245,801 | 5.8230 GBP | 5.7480 GBP |
EUR 0.0005 ORDINARY | PURCHASES | 1,219,342 | 6.9804 USD | 6.9684 USD |
EUR 0.0005 ORDINARY | SALES | 1,651,856 | 6.9731 USD | 6.9635 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 |
EUR 0.0005 ORDINARY | CFD | LONG | 2,133 | 5.7712 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,461 | 5.7717 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 4,678 | 5.7719 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 3,818 | 5.7738 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 75,707 | 5.7766 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,581 | 5.7775 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 12,329 | 5.7787 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 36,623 | 5.7788 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 4,459 | 5.7794 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1,601 | 5.7820 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 9,239 | 5.7831 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 3,385 | 5.7875 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 189 | 5.7879 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1,934 | 5.7905 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1,779 | 5.7938 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 640 | 5.8230 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 851,856 | 6.9635 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 800,000 | 6.9732 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,779 | 5.7701 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 2,778 | 5.7754 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 36,623 | 5.7800 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 10,532 | 5.7801 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,108 | 5.7826 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 241 | 5.7829 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 468 | 5.7838 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 449 | 5.7845 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 43,359 | 5.7860 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 27,860 | 5.7867 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 2,163 | 5.7886 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 2,129 | 5.7887 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,968 | 5.7894 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 44,654 | 5.7902 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 15 | 5.8160 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 852 | 5.8162 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 640 | 5.8230 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 441,242 | 6.9684 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 500,000 | 6.9735 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 278,100 | 6.9805 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 200,000 | 6.9962 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 |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(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) |
N/A | N/A | N/A | N/A |
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: | 15 AUGUST 2019
|
Contact name: | Craig Horsley
|
Telephone number: | +44(141) 245 7736
|
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