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FORM 8.5 (EPT/NON-RI) - INMARSAT PLC - AMENDMENT

26 Sep 2019 14:19

 

FORM 8.5 (EPT/NON-RI) - Amendment to Sales

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)Name of offeror/offeree in relation to whose

INMARSAT PLC

relevant securities this form relates:
(c)Name of the party to the offer with which exempt

Connect Bidco Limited owned by a consortium of funds advised by Apax Partners LLP; funds advised by Warburg Pincus or its affiliates; Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan

principal trader is connected
(d)Date position held/dealing undertaken:

12 September 2019

(e)In addition to the company in 1(b) above, is the exempt principal

NO:

trader making disclosures in respect of any other party to the offer?

 

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:EUR 0.0005 ordinary
InterestsShort Positions
Number(%)Number(%)

(1)

Relevant securities owned
and/or controlled:

15,626,918

3.37%

2,443,942

0.53%

 

(2)

Cash-settled derivatives:

179,933

0.04%

14,053,893

3.03%

 

(3)

Stock-settled derivatives (including options)
and agreements to purchase/sell:

0

0.00%

0

0.00%

 
 
TOTAL:

15,806,851

3.41%

16,497,835

3.56%

 
Class of relevant security:Convertible Bond XS1486508887
InterestsShort Positions
Number(%)Number(%)

(1)

Relevant securities owned
and/or controlled:

4,600,000

0.71%

0

0.00%

 

(2)

Cash-settled derivatives:

 

 

 

0

0.00%

0

0.00%

 

(3)

Stock-settled derivatives (including options)
and agreements to purchase/sell:

0

0.00%

0

0.00%

 
 
TOTAL:

4,600,000

0.71%

0

0.00%

 

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:

 

Details, including nature of the rights concerned and relevant percentages:

 

3. DEALINGS (IF ANY) 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 3(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 relevantPurchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

EUR 0.0005 ordinaryPurchase

428,639

5.9225 GBP

5.8802 GBP

EUR 0.0005 ordinarySale

593,494

5.9120 GBP

5.873 GBP

(b) Cash-settled derivative transactions

Class ofProductNature of dealing

Number of

Price per

relevantdescription

reference

unit

security

securities

 

EUR 0.0005 ordinaryCFDLong

4,060

5.8812 GBP

EUR 0.0005 ordinaryCFDLong

4,897

5.9115 GBP

EUR 0.0005 ordinaryCFDLong

16,697

5.8933 GBP

EUR 0.0005 ordinarySWAPLong

19,740

5.9010 GBP

EUR 0.0005 ordinarySWAPLong

20,471

5.8887 GBP

EUR 0.0005 ordinarySWAPLong

28,793

5.8827 GBP

EUR 0.0005 ordinarySWAPLong

300,000

5.8730 GBP

EUR 0.0005 ordinarySWAPShort

3

5.8866 GBP

EUR 0.0005 ordinarySWAPShort

7

5.8885 GBP

EUR 0.0005 ordinarySWAPShort

7

5.9011 GBP

EUR 0.0005 ordinarySWAPShort

12

5.8891 GBP

EUR 0.0005 ordinarySWAPShort

74

5.8970 GBP

EUR 0.0005 ordinarySWAPShort

82

5.8967 GBP

EUR 0.0005 ordinarySWAPShort

120

5.8844 GBP

EUR 0.0005 ordinarySWAPShort

173

5.8845 GBP

EUR 0.0005 ordinarySWAPShort

206

5.8802 GBP

EUR 0.0005 ordinarySWAPShort

233

5.8895 GBP

EUR 0.0005 ordinarySWAPShort

304

5.9032 GBP

EUR 0.0005 ordinarySWAPShort

431

5.8976 GBP

EUR 0.0005 ordinarySWAPShort

547

5.8985 GBP

EUR 0.0005 ordinarySWAPShort

734

5.8977 GBP

EUR 0.0005 ordinarySWAPShort

776

5.9046 GBP

EUR 0.0005 ordinarySWAPShort

1,364

5.8998 GBP

EUR 0.0005 ordinarySWAPShort

1,623

5.8894 GBP

EUR 0.0005 ordinarySWAPShort

1,663

5.9047 GBP

EUR 0.0005 ordinarySWAPShort

2,930

5.8997 GBP

EUR 0.0005 ordinarySWAPShort

14,523

5.9056 GBP

EUR 0.0005 ordinaryCFDShort

16,145

5.8937 GBP

EUR 0.0005 ordinarySWAPShort

19,398

5.8870 GBP

EUR 0.0005 ordinaryCFDShort

28,009

5.8974 GBP

EUR 0.0005 ordinarySWAPShort

290,000

8.9966 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

 

 

 

 

 

 

 

 

(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)

 

 

 

 

 

4. 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

 

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

26 Sep 2019

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

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 disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190926005539/en/

Copyright Business Wire 2019

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