27 Mar 2019 11:23
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: | UBS Investment Bank, London |
(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: | Apex Partners LLP, consortium member. Consortium comprising Apax Partners LLP, Warburg Pincus International LLC, Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board |
(d) Date dealing undertaken: | 26 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 |
EUR 0.0005 ordinary | Buy
| 3224046 | 5.54000 GBP | 5.50000 GBP |
EUR 0.0005 ordinary | Sell
| 3307840 | 5.54000 GBP | 5.50000 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 |
EUR 0.0005 ordinary | CFD
| Long | 6773 | 5.529351 GBP |
EUR 0.0005 ordinary | CFD
| Long | 3863 | 5.510145 GBP |
EUR 0.0005 ordinary | CFD
| Long | 4757 | 5.52047088501156 GBP |
EUR 0.0005 ordinary | CFD
| Long | 545761 | 5.519882 GBP |
EUR 0.0005 ordinary | CFD
| Long | 225000 | 5.5 GBP |
EUR 0.0005 ordinary | CFD
| Long | 91480 | 5.50854678618277 GBP |
EUR 0.0005 ordinary | CFD
| Long | 26520 | 5.5147322775264 GBP |
EUR 0.0005 ordinary | CFD
| Long | 3773 | 5.5169573283859 GBP |
EUR 0.0005 ordinary | CFD
| Long | 1426 | 5.51158485273492 GBP |
EUR 0.0005 ordinary | CFD
| Long | 51661 | 5.50877276862624 GBP |
EUR 0.0005 ordinary | CFD
| Long | 11140 | 5.51774596050269 GBP |
EUR 0.0005 ordinary | CFD
| Long | 417 | 5.51821280335731 GBP |
EUR 0.0005 ordinary | CFD
| Long | 2327 | 5.52237 GBP |
EUR 0.0005 ordinary | CFD
| Long | 1330 | 5.51685 GBP |
EUR 0.0005 ordinary | CFD
| Long | 127 | 5.514144 GBP |
EUR 0.0005 ordinary | CFD
| Long | 60 | 5.5149485 GBP |
EUR 0.0005 ordinary | CFD
| Long | 53 | 5.530567 GBP |
EUR 0.0005 ordinary | CFD
| Long | 66 | 5.502624 GBP |
EUR 0.0005 ordinary | CFD
| Long | 18 | 5.525447 GBP |
EUR 0.0005 ordinary | CFD
| Long | 885 | 5.518128 GBP |
EUR 0.0005 ordinary | CFD
| Long | 188 | 5.51498041489362 GBP |
EUR 0.0005 ordinary | CFD
| Long | 373 | 5.51446 GBP |
EUR 0.0005 ordinary | CFD
| Long | 4088 | 5.522318 GBP |
EUR 0.0005 ordinary | CFD
| Long | 2854 | 5.516809 GBP |
EUR 0.0005 ordinary | CFD
| Long | 872 | 5.51800199426606 GBP |
EUR 0.0005 ordinary | CFD
| Long | 125 | 5.5150085 GBP |
EUR 0.0005 ordinary | CFD
| Long | 354 | 5.514524 GBP |
EUR 0.0005 ordinary | CFD
| Long | 139 | 5.5179 GBP |
EUR 0.0005 ordinary | CFD
| Long | 22585 | 5.519192 GBP |
EUR 0.0005 ordinary | CFD
| Long | 4269 | 5.50716585 GBP |
EUR 0.0005 ordinary | CFD
| Long | 151540 | 5.524 GBP |
EUR 0.0005 ordinary | CFD
| Short | 225000 | 7.27 USD |
EUR 0.0005 ordinary | CFD
| Short | 14 | 5.5243 GBP |
EUR 0.0005 ordinary | CFD
| Short | 209 | 5.523445 GBP |
EUR 0.0005 ordinary | CFD
| Short | 44850 | 5.541824 GBP |
EUR 0.0005 ordinary | CFD
| Short | 1242 | 5.519749 GBP |
EUR 0.0005 ordinary | CFD
| Short | 39955 | 5.51757833 GBP |
EUR 0.0005 ordinary | CFD
| Short | 380000 | 5.5135 GBP |
EUR 0.0005 ordinary | CFD
| Short | 1175 | 5.513677 GBP |
EUR 0.0005 ordinary | CFD
| Short | 3844 | 5.51572580645161 GBP |
EUR 0.0005 ordinary | CFD
| Short | 2156 | 5.51412337662338 GBP |
EUR 0.0005 ordinary | CFD
| Short | 5000 | 5.507878 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 |
|
(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) |
|
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: | 27 March 2019 |
Contact name: | Wendy Dent |
Telephone number: | +44 (0)207 568 1245 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk
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.