2 Apr 2019 10:56
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: | Consortium comprising of Apax Partners LLP and others |
(d) Date dealing undertaken: | 01 APRIL 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 | 1,188,543 | 5.5300 GBP | 5.4360 GBP |
EUR 0.0005 ordinary | SALES | 716,104 | 5.5240 GBP | 5.4380 GBP |
EUR 0.0005 ordinary | PURCHASES | 152,006 | 7.1610 USD | 7.1572 USD |
EUR 0.0005 ordinary | SALES | 437,452 | 7.1918 USD | 7.1275 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 | 42 | 5.4540 GBP |
EUR 0.0005 ordinary | CFD | LONG | 9 | 5.4555 GBP |
EUR 0.0005 ordinary | CFD | LONG | 17 | 5.4558 GBP |
EUR 0.0005 ordinary | CFD | LONG | 94 | 5.4559 GBP |
EUR 0.0005 ordinary | CFD | LONG | 57 | 5.4559 GBP |
EUR 0.0005 ordinary | CFD | LONG | 182 | 5.4559 GBP |
EUR 0.0005 ordinary | CFD | LONG | 1,190 | 5.4560 GBP |
EUR 0.0005 ordinary | CFD | LONG | 8 | 5.4562 GBP |
EUR 0.0005 ordinary | CFD | LONG | 17 | 5.4564 GBP |
EUR 0.0005 ordinary | CFD | LONG | 1,300 | 5.4565 GBP |
EUR 0.0005 ordinary | CFD | LONG | 200 | 5.4566 GBP |
EUR 0.0005 ordinary | CFD | LONG | 62 | 5.4566 GBP |
EUR 0.0005 ordinary | CFD | LONG | 104 | 5.4566 GBP |
EUR 0.0005 ordinary | CFD | LONG | 6 | 5.4566 GBP |
EUR 0.0005 ordinary | CFD | LONG | 9 | 5.4566 GBP |
EUR 0.0005 ordinary | CFD | LONG | 6,515 | 5.4598 GBP |
EUR 0.0005 ordinary | CFD | LONG | 1,043 | 5.4598 GBP |
EUR 0.0005 ordinary | CFD | LONG | 1 | 5.4600 GBP |
EUR 0.0005 ordinary | CFD | LONG | 1 | 5.4600 GBP |
EUR 0.0005 ordinary | CFD | LONG | 11,259 | 5.4607 GBP |
EUR 0.0005 ordinary | CFD | LONG | 11,273 | 5.4609 GBP |
EUR 0.0005 ordinary | CFD | LONG | 131 | 5.4614 GBP |
EUR 0.0005 ordinary | CFD | LONG | 857 | 5.4614 GBP |
EUR 0.0005 ordinary | CFD | LONG | 41 | 5.4614 GBP |
EUR 0.0005 ordinary | CFD | LONG | 68 | 5.4614 GBP |
EUR 0.0005 ordinary | CFD | LONG | 13 | 5.4615 GBP |
EUR 0.0005 ordinary | CFD | LONG | 24 | 5.4616 GBP |
EUR 0.0005 ordinary | CFD | LONG | 6 | 5.4616 GBP |
EUR 0.0005 ordinary | CFD | LONG | 12 | 5.4616 GBP |
EUR 0.0005 ordinary | CFD | LONG | 269 | 5.4617 GBP |
EUR 0.0005 ordinary | CFD | LONG | 1,760 | 5.4617 GBP |
EUR 0.0005 ordinary | CFD | LONG | 139 | 5.4617 GBP |
EUR 0.0005 ordinary | CFD | LONG | 85 | 5.4617 GBP |
EUR 0.0005 ordinary | CFD | LONG | 237 | 5.4620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 945 | 5.4622 GBP |
EUR 0.0005 ordinary | CFD | LONG | 9 | 5.4622 GBP |
EUR 0.0005 ordinary | CFD | LONG | 4 | 5.4625 GBP |
EUR 0.0005 ordinary | CFD | LONG | 30,053 | 5.4631 GBP |
EUR 0.0005 ordinary | CFD | LONG | 4,691 | 5.4631 GBP |
EUR 0.0005 ordinary | CFD | LONG | 58 | 5.4632 GBP |
EUR 0.0005 ordinary | CFD | LONG | 12 | 5.4633 GBP |
EUR 0.0005 ordinary | CFD | LONG | 3 | 5.4633 GBP |
EUR 0.0005 ordinary | CFD | LONG | 476 | 5.4634 GBP |
EUR 0.0005 ordinary | CFD | LONG | 294 | 5.4634 GBP |
EUR 0.0005 ordinary | CFD | LONG | 19 | 5.4636 GBP |
EUR 0.0005 ordinary | CFD | LONG | 38 | 5.4636 GBP |
EUR 0.0005 ordinary | CFD | LONG | 244 | 5.4637 GBP |
EUR 0.0005 ordinary | CFD | LONG | 5 | 5.4640 GBP |
EUR 0.0005 ordinary | CFD | LONG | 103 | 5.4649 GBP |
EUR 0.0005 ordinary | CFD | LONG | 8 | 5.4650 GBP |
EUR 0.0005 ordinary | CFD | LONG | 2 | 5.4650 GBP |
EUR 0.0005 ordinary | CFD | LONG | 135 | 5.4650 GBP |
EUR 0.0005 ordinary | CFD | LONG | 119 | 5.4700 GBP |
EUR 0.0005 ordinary | CFD | LONG | 7,027 | 5.4700 GBP |
EUR 0.0005 ordinary | CFD | LONG | 174 | 5.4700 GBP |
EUR 0.0005 ordinary | CFD | LONG | 18,368 | 5.4700 GBP |
EUR 0.0005 ordinary | CFD | LONG | 42 | 5.4700 GBP |
EUR 0.0005 ordinary | CFD | LONG | 2,675 | 5.4700 GBP |
EUR 0.0005 ordinary | CFD | LONG | 155 | 5.4726 GBP |
EUR 0.0005 ordinary | CFD | LONG | 7,889 | 5.4733 GBP |
EUR 0.0005 ordinary | CFD | LONG | 42,259 | 5.4745 GBP |
EUR 0.0005 ordinary | CFD | LONG | 98 | 5.4762 GBP |
EUR 0.0005 ordinary | CFD | LONG | 51 | 5.4762 GBP |
EUR 0.0005 ordinary | CFD | LONG | 31 | 5.4764 GBP |
EUR 0.0005 ordinary | CFD | LONG | 9 | 5.4800 GBP |
EUR 0.0005 ordinary | CFD | LONG | 177 | 5.4819 GBP |
EUR 0.0005 ordinary | CFD | LONG | 1,227 | 5.4821 GBP |
EUR 0.0005 ordinary | CFD | LONG | 5 | 5.4840 GBP |
EUR 0.0005 ordinary | CFD | LONG | 554 | 5.4949 GBP |
EUR 0.0005 ordinary | CFD | LONG | 6,215 | 5.4950 GBP |
EUR 0.0005 ordinary | CFD | LONG | 3,227 | 5.4950 GBP |
EUR 0.0005 ordinary | CFD | LONG | 6 | 5.4966 GBP |
EUR 0.0005 ordinary | CFD | LONG | 10 | 5.4990 GBP |
EUR 0.0005 ordinary | CFD | LONG | 35 | 5.5011 GBP |
EUR 0.0005 ordinary | CFD | LONG | 58 | 5.5018 GBP |
EUR 0.0005 ordinary | CFD | LONG | 285 | 5.5019 GBP |
EUR 0.0005 ordinary | CFD | LONG | 112 | 5.5020 GBP |
EUR 0.0005 ordinary | CFD | LONG | 342 | 5.5043 GBP |
EUR 0.0005 ordinary | CFD | LONG | 778 | 5.5047 GBP |
EUR 0.0005 ordinary | CFD | LONG | 1,499 | 5.5047 GBP |
EUR 0.0005 ordinary | CFD | LONG | 134 | 5.5050 GBP |
EUR 0.0005 ordinary | CFD | LONG | 98 | 5.5059 GBP |
EUR 0.0005 ordinary | CFD | LONG | 5 | 5.5100 GBP |
EUR 0.0005 ordinary | CFD | LONG | 118 | 5.5168 GBP |
EUR 0.0005 ordinary | CFD | LONG | 113 | 5.5168 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 9,702 | 5.4552 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 34,744 | 5.4595 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 668 | 5.4625 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 89,735 | 5.4661 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 448 | 5.4665 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 18,160 | 5.4700 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 415 | 5.4700 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 10,077 | 5.4700 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 7,515 | 5.4703 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 30,053 | 5.4703 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 3,043 | 5.4751 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 6,929 | 5.4781 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 15,778 | 5.4914 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 7,000 | 5.5081 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 7,000 | 5.5206 GBP |
EUR 0.0005 ordinary | CFD | LONG | 15,210 | 7.1275 USD |
EUR 0.0005 ordinary | CFD | SHORT | 20,000 | 5.4866 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 3,853 | 6.6758 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 64,600 | 7.1610 USD |
EUR 0.0005 ordinary | CFD | SHORT | 64,600 | 7.1610 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: | 02 APRIL 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.