22 Mar 2019 11:35
This announcement replaces the previous RNS announcement 6048T released at 11:28 on the 21st March 2019. Amendment made to section 2(a). All other information remains unchanged
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: | 20 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
| 21851816 | 5.16500227 GBP | 4.95300 GBP |
EUR 0.0005 ordinary | Sell
| 14696961 | 5.16501071 GBP | 4.95300 GBP |
Convertible Bond | Buy
| 3000000 | 142.38990 USD | 131.00000 USD |
Convertible Bond | Sell
| 2000000 | 142.00000 USD | 140.00000 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 | 100000 | 5.099892 GBP |
EUR 0.0005 ordinary | CFD
| Long | 206 | 5.125942 GBP |
EUR 0.0005 ordinary | CFD
| Long | 29000 | 5.02434206896552 GBP |
EUR 0.0005 ordinary | CFD
| Long | 8765 | 5.12186423274387 GBP |
EUR 0.0005 ordinary | CFD
| Long | 27534 | 5.12309980387884 GBP |
EUR 0.0005 ordinary | CFD
| Long | 24466 | 5.10047535355187 GBP |
EUR 0.0005 ordinary | CFD
| Long | 170000 | 5.0979 GBP |
EUR 0.0005 ordinary | CFD
| Long | 23730 | 5.089141 GBP |
EUR 0.0005 ordinary | CFD
| Long | 4860 | 5.07982 GBP |
EUR 0.0005 ordinary | CFD
| Long | 747 | 5.08522961 GBP |
EUR 0.0005 ordinary | CFD
| Long | 621593 | 5.09144337 GBP |
EUR 0.0005 ordinary | CFD
| Long | 41000 | 5.03368293 GBP |
EUR 0.0005 ordinary | CFD
| Long | 1926 | 5.1 GBP |
EUR 0.0005 ordinary | CFD
| Long | 125000 | 5.101893 GBP |
EUR 0.0005 ordinary | CFD
| Long | 49235 | 5.13700477302732 GBP |
EUR 0.0005 ordinary | CFD
| Short | 525000 | 4.703994 GBP |
EUR 0.0005 ordinary | CFD
| Short | 925000 | 4.783732 GBP |
EUR 0.0005 ordinary | CFD
| Short | 200000 | 5.066508 GBP |
EUR 0.0005 ordinary | CFD
| Short | 100000 | 5.113574 GBP |
EUR 0.0005 ordinary | CFD
| Short | 3655 | 5.037323 GBP |
EUR 0.0005 ordinary | CFD
| Short | 100000 | 5.068717 GBP |
EUR 0.0005 ordinary | CFD
| Short | 2000 | 5.112385 GBP |
EUR 0.0005 ordinary | CFD
| Short | 1085258 | 5.097922 GBP |
EUR 0.0005 ordinary | CFD
| Short | 415875 | 5.10515509 GBP |
EUR 0.0005 ordinary | CFD
| Short | 23422 | 5.07124479 GBP |
EUR 0.0005 ordinary | CFD
| Short | 30513 | 5.112533 GBP |
EUR 0.0005 ordinary | CFD
| Short | 4800 | 5.07124483 GBP |
EUR 0.0005 ordinary | CFD
| Short | 221832 | 5.07124493 GBP |
EUR 0.0005 ordinary | CFD
| Short | 4277 | 5.079 GBP |
EUR 0.0005 ordinary | CFD
| Short | 23822 | 5.09869226 GBP |
EUR 0.0005 ordinary | CFD
| Short | 19801 | 5.084676 GBP |
EUR 0.0005 ordinary | CFD
| Short | 5189 | 5.081 GBP |
EUR 0.0005 ordinary | CFD
| Short | 80000 | 5.1 GBP |
EUR 0.0005 ordinary | CFD
| Short | 7166 | 5.081981 GBP |
EUR 0.0005 ordinary | CFD
| Short | 14196 | 4.953 GBP |
EUR 0.0005 ordinary | CFD
| Short | 4345 | 5.091935 GBP |
EUR 0.0005 ordinary | CFD
| Short | 4102307 | 5.1028 GBP |
EUR 0.0005 ordinary | CFD
| Short | 15000 | 5.0882 GBP |
EUR 0.0005 ordinary | CFD
| Short | 50000 | 5.1474 GBP |
EUR 0.0005 ordinary | CFD
| Short | 350000 | 4.718092 GBP |
Convertible Bond | CFD
| Long | 1000000 | 1.40172222 USD |
Convertible Bond | CFD
| Long | 1000000 | 1.42172222 USD |
Convertible Bond | CFD
| Short | 1000000 | 1.31129167 USD |
Convertible Bond | CFD
| Short | 1000000 | 1.42562122 USD |
Convertible Bond | CFD
| Short | 1000000 | 1.40312122 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) |
|
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: | 22 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.