4 Dec 2019 11:02
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: | 03 DECEMBER 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 | 3,443,041 | 5.4600 GBP | 5.4080 GBP |
EUR 0.0005 ORDINARY | SALES | 3,985,520 | 5.4620 GBP | 5.3980 GBP |
EUR 0.0005 ORDINARY | PURCHASES | 3,420,805 | 7.0685 USD | 7.0035 USD |
EUR 0.0005 ORDINARY | SALES | 818,915 | 7.0955 USD | 6.9952 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 | 117,373 | 5.4058 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,346 | 5.4276 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 21,635 | 5.4277 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 48,239 | 5.4300 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1,933 | 5.4317 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 359 | 5.4327 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 100,765 | 5.4336 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 554 | 5.4343 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 177,316 | 5.4380 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 921 | 5.4407 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 3,269 | 5.4430 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 134,100 | 5.4440 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 7,000 | 5.4440 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 325,800 | 5.4449 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 75,000 | 5.4449 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 90,000 | 5.4449 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 113 | 5.4457 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 246,009 | 5.4461 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 270,713 | 5.4461 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 115 | 5.4473 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 155 | 5.4477 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 50,000 | 5.4600 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 71,249 | 6.9830 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 128,751 | 6.9830 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 500,000 | 6.9952 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 142,562 | 7.0364 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 100,222 | 7.0364 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 80,000 | 7.0630 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 15,259 | 7.0755 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 12,557 | 7.0906 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 45,775 | 7.0906 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 3,526 | 7.0906 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 14,173 | 7.0955 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 55 | 5.4080 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 75,000 | 5.4273 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 270,313 | 5.4295 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 21,635 | 5.4440 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 134,100 | 5.4440 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 5,557 | 5.4440 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 27 | 5.4440 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 352,582 | 7.0035 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 187,500 | 7.0431 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,250,000 | 7.0498 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 7,000,000 | 7.0518 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 470,023 | 7.0535 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,000,000 | 7.0662 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 400,000 | 7.0667 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 57,000 | 7.0685 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 740,000 | 7.0685 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 203,000 | 7.0685 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: | 04 DECEMBER 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.