22 Mar 2019 10:39
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: | J.P. Morgan Securities 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: | Financial Advisor to Inmarsat plc |
(d) Date dealing undertaken: | 21 March 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 |
Ordinary Share
| Purchase
Sale | 4,961,530
3,419,766 | 5.1240 GBP
5.1200 GBP | 4.9994 GBP
5.0100 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 |
Ordinary Share | Equity Swap | Long
Short
| 1,500,000 5,652 2,037 1,964 56 718 11,822 9,321 93,724 12,050 15,955 205,723 459 12,503 823 1,668 2,580 38,449 9,903 21,196 73,626 29,089 145,223 1,372 1,594 496 1,061 2,231 18,958 4,534 23,221 1,245 43,422 470 865
514 3,845 2,320 2,873 738 954 3,751 600 25,231 59,137 9,868 558 285 561 132,281 1,097 50,591 4,515 8,993 3,939 1,247 4,252 504 9,451 15,432 384 1,770 223,829 6,849 5,000 | 5.0400 GBP 5.0480 GBP 5.0485 GBP 5.0495 GBP 5.0497 GBP 5.0519 GBP 5.0706 GBP 5.0719 GBP 5.0725 GBP 5.0726 GBP 5.0733 GBP 5.0734 GBP 5.0738 GBP 5.0748 GBP 5.0763 GBP 5.0776 GBP 5.0802 GBP 5.0819 GBP 5.0829 GBP 5.0845 GBP 5.0853 GBP 5.0855 GBP 5.0865 GBP 5.0873 GBP 5.0875 GBP 5.0939 GBP 5.0962 GBP 5.0969 GBP 5.0995 GBP 5.0997 GBP 5.0998 GBP 5.0999 GBP 5.1000 GBP 5.1098 GBP 5.1279 GBP
5.0403 GBP 5.0474 GBP 5.0494 GBP 5.0496 GBP 5.0504 GBP 5.0513 GBP 5.0519 GBP 5.0520 GBP 5.0524 GBP 5.0586 GBP 5.0629 GBP 5.0704 GBP 5.0705 GBP 5.0717 GBP 5.0722 GBP 5.0732 GBP 5.0807 GBP 5.0844 GBP 5.0866 GBP 5.0880 GBP 5.0909 GBP 5.0920 GBP 5.0930 GBP 5.0936 GBP 5.0957 GBP 5.0982 GBP 5.0999 GBP 5.1000 GBP 5.1116 GBP 5.1120 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 |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(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) |
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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" |
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(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" |
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Date of disclosure: | 22 March 2019 |
Contact name: | Alwyn Basch |
Telephone number: | 020 7742 7407 |
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.