21st Aug 2019 14:37
AMENDMENT Section 2(a)
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: | 19 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 | 744,363 | 5.8369 GBP | 5.7520 GBP |
EUR 0.0005 ORDINARY | SALES | 511,870 | 5.8580 GBP | 5.7600 GBP |
EUR 0.0005 ORDINARY | PURCHASES | 1,534,931 | 7.0328 USD | 7.0020 USD |
EUR 0.0005 ORDINARY | SALES | 194,643 | 6.9961 USD | 6.9961 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 | 303 | 5.7674 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 48 | 5.7675 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 5 | 5.768 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1 | 5.77 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 830 | 5.7713 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 13 | 5.7715 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 3,000 | 5.7734 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 103 | 5.7737 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 15 | 5.774 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,216 | 5.7746 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 4,178 | 5.7751 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 129 | 5.776 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 822 | 5.7776 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 13,162 | 5.7778 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 7,366 | 5.7783 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 213 | 5.7823 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 866 | 5.7826 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 708 | 5.7828 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1,771 | 5.7894 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 465 | 5.837 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 75 | 5.8384 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 9 | 5.8399 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 194,643 | 6.9961 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,489 | 5.7665 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 51,217 | 5.7736 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 3,774 | 5.7742 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 104,268 | 5.7788 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 8,770 | 5.7798 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 394,526 | 5.7829 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 101,345 | 5.7834 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 387 | 5.7835 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 11,299 | 5.7878 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 3,253 | 5.7886 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 7,320 | 5.7906 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 2,099 | 5.7915 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 447 | 5.7929 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 283,500 | 7.002 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 250,000 | 7.0035 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 500,000 | 7.0138 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 100,000 | 7.0169 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: | 21 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