8 Oct 2019 12:13
AMENDMENT
INCREASED EQUITY PURCHASES BY 634,355 TO 1,240,242
INCREASED EQUITY SALES BY 37 TO 724,955
ADDED EQUITY SWAP PURCHASES OF 81,695
ADDED EQUITY SWAP SALES OF 728,013
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: | 2 October 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 | 1,240,242
724,955 | 5.8840 GBP
5.8785 GBP | 5.7960 GBP
5.7959 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
| 6,461 4,833 249,971 6,483 3,828 3,921 20,000 44,658 3,777 37,783 17,000 166 556 2,658 1,370 2,906 2,864 2,860 72 37
61,550 53 508 13 2,743 7,320 2,622 1,248 77,322 21,720 20,000 2,223 141 84 1,352 263 819 51 18 827 328 169 18 116 7 55 7,189 2,755 200,000 400,000 31,500 24,852 100 | 5.7960 GBP 5.7997 GBP 5.8194 GBP 5.8216 GBP 5.8269 GBP 5.8334 GBP 5.8366 GBP 5.8384 GBP 5.8400 GBP 5.8406 GBP 5.8439 GBP 5.8477 GBP 5.8518 GBP 5.8528 GBP 5.8543 GBP 5.8571 GBP 5.8585 GBP 5.8660 GBP 5.8700 GBP 7.1626 USD
5.8000 GBP 5.8006 GBP 5.8120 GBP 5.8132 GBP 5.8244 GBP 5.8246 GBP 5.8253 GBP 5.8254 GBP 5.8259 GBP 5.8317 GBP 5.8335 GBP 5.8337 GBP 5.8357 GBP 5.8359 GBP 5.8361 GBP 5.8363 GBP 5.8364 GBP 5.8379 GBP 5.8381 GBP 5.8410 GBP 5.8414 GBP 5.8567 GBP 5.8581 GBP 5.8595 GBP 5.8597 GBP 5.8599 GBP 5.8708 GBP 7.1458 USD 7.1532 USD 7.1554 USD 7.1868 USD 7.1873 USD 7.1886 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 |
Ordinary Share |
(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: | 8 October 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.