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BkofA Merrill Lynch - Form 8.5 (EPT/RI)

Tue, 13th Aug 2019 10:28

RNS Number : 8641I
Bank of America Merrill Lynch
13 August 2019
 

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITYRule 8.5 of the Takeover Code (the "Code")

 

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

Bank of America Merrill Lynch

(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:

Advisor to - Consortium comprising Apax Partners LLP, Warburg Pincus International LLC, Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board

(d)

Date dealing undertaken:

12/08/2019

(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

Common - ISIN GB00B09LSH68

Purchase

22,303

5.818 GBP

5.768 GBP

Common - ISIN GB00B09LSH68

Sale

73,941

5.818 GBP

5.768 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

Common - ISIN GB00B09LSH68

Swaps

Reducing a Short Position

29,259

5.778 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Short Position

594

5.818 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Short Position

4,688

5.807 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Short Position

1,079

5.778 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Short Position

9,832

5.779 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Short Position

871

5.817 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Short Position

102

5.798 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Short Position

1,101

5.793 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Long Position

3,575

5.799 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Long Position

2,036

5.796 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Long Position

6,848

5.796 GBP

Common - ISIN GB00B09LSH68

Swaps

Increasing a Long Position

3,189

5.776 GBP

Common - ISIN GB00B09LSH68

Swaps

Reducing a Long Position

1,100

5.783 GBP

 

(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:

13/08/2019

Contact name:

Tolu Tade

Telephone number:

+44207 996 3410

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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